Business Operations of the Group
1) Buying and selling segment Distributor of energy-saving devices and businesses related to renewable energy (Renewable Energy) (sold out of energy-saving devices in the third quarter of 2022)
2) Utilities section Production and distribution of tap water and installation of water supply system to manage water supply on Samet Island and surrounding areas in Pluak Daeng District, Rayong Province, which is operated by a subsidiary company,
- Samet Utilities Co., Ltd.
- Pluak Daeng Company Limited
- K Waterworks Company Engineering Co., Ltd.
3) Service segment Personnel management (Termination of the contract in the 2nd quarter of 2022) If considering the conditions in the contract, there is no risk or damage effect, the company will continue to operate the business of personnel management or other related areas. with the aim of earning more income and more returns
4) Real estate development business Operated by a subsidiary, More Property Co., Ltd. Development Co., Ltd.
5) Entertainment business operated by
- More Dan Entertainment Co., Ltd. Subsidiary Company
By being appointed by More Return Public Company Limited to represent the management of the concert and More Dan Entertainment Co., Ltd. has provided a joint venture to organize the Rolling Lound concert held in April 2023
| 3M23 | 3M22 | 2022 | 2021 |
|---|
| Revenues | 18.00 | 36.65 | 140.21 | 143.73 |
| Expenses | 18.80 | 32.38 | 119.28 | 136.35 |
| Net Profit (Loss) | -0.32 | 2.59 | 13.91 | 1,158.67 |
| Assets | 1,898.03 | 1,555.03 | 2,002.20 | 1,628.12 |
| Liabilities | 106.25 | 256.63 | 127.19 | 173.02 |
| Shareholders' Equity | 1,772.43 | 1,282.31 | 1,854.59 | 1,438.83 |
| Operating | -11.44 | 30.31 | -69.08 | -0.62 |
| Investing | -73.41 | -16.08 | -10.13 | -12.06 |
| Financing | -3.83 | -0.17 | 758.87 | 16.05 |
| EPS (Baht) | 0.00 | 0.00 | 0.00 | 0.18 |
| GP Margin (%) | 33.17 | 26.14 | 26.46 | 22.16 |
| NP Margin (%) | -7.70 | 6.59 | 8.56 | 805.48 |
| D/E Ratio (x) | 0.06 | 0.20 | 0.07 | 0.12 |
| ROE (%) | 0.72 | 147.32 | 0.84 | 134.93 |
| ROA (%) | 0.77 | 109.96 | 1.02 | 107.59 |
Increase the opportunity to do business in entertainment (Entertainment) because the company wants to find a business that can generate income and make profits for the company sustainably and the company has foreseen that the entertainment business (Entertainment) and tourism businesses are in demand. After the epidemic of the corona virus, economic conditions or factors that happens in today's world
Increase the opportunity to do business in entertainment. (Entertainment) will make the company experience and Ability to work on new projects from business relationships in various fields to happen which can be used to expand existing businesses and new businesses
The company is the copyright holder and organizes Rolling Loud events in Thailand officially for 5 years from 2023 to 2028 with exclusive rights to organize events in Southeast Asia, which is a hip-hop concert (“ HIPHOP) under the license of Rolling Loud USA. The concerts are highly regarded abroad in the Americas, Europe and Australia. This will be the first Rolling Loud concert in Asia under the name Rolling Loud Thailand.
in the consolidated financial statements The company's main income from business operations totaled 14.73 million baht, consisting of:
(1) Revenue from services in the amount of 0.30 million baht or 2%
(2) Income from utility work in the amount of 14.43 million baht, representing 98 percent. Service income decreased from the previous period in the amount of 16.14 million baht or a decrease of 98.21% due to the subsidiary company canceling the contract for managing personnel and taking care of the USO center since June 2022. The income of the utility sector increased by 5.94 million baht or an increase of 69.89% from 24% to 98% and had the highest proportion of revenue due to opening the country and relaxing measures to prevent COVID causing more tourists. As a result, the use of water increased in volume from the previous period.
Report on the progress of the lawsuit
Referring to the resolution of the Board of Directors Meeting No. 3/2022, held on August 11, 2022, approved the indictment against May Plus 2005 Company Limited as the 1st defendant, and MN Pure Life Company Limited as the 2nd defendant, with The essence of the lawsuit, breach of contract, asking for a refund of the deposit and claiming damages The total value of the plaint is 879,147,884 baht (eight hundred seventy-nine million one hundred forty-seven thousand eight hundred and eighty-four baht).
1. Both defendants are liable under the contract of sale to the plaintiff or not.
2. Whether or not the plaintiff must pay damages according to the counterclaim to the defendant The court therefore notified the appointment date for examination of the witnesses of the plaintiff and the defendant as follows:
- Appointment to examine the prosecution's witnesses for a day and a half on December 12, 2023 at 9:00 a.m. and 1:30 p.m.
- Appointment to examine witnesses of the defendant for two and a half days on 13,14,15 December 2023 at 9:00 a.m. and 1:30 p.m.
Risk from water distribution volume not in line with the Company's business plan To support the project of laying pressure pipes and/or parallel zones to increase water sales in the serviced areas according to the contract. Follow up on the movements of other tap water producers, both from the public and private sectors, that may affect the Company's water distribution volume. Both now and in the future Follow up on wastewater management in the company's service areas and analyze abnormalities in the amount of water distribution. The company manages to take care of the main equipment and electrical systems, as well as determine solutions and preventive measures. The risk of changes in raw water quality The company has set up an appropriate surveillance and monitoring plan for raw water quality, including random water sampling for water quality analysis and coordination and exchange of information from related agencies, such as the Metropolitan Waterworks Authority. environment office and the Royal Irrigation Department, etc.,
| as of 31/03/23 | MORE | SERVICE | mai |
|---|---|---|---|
| P/E (X) | 118.71 | 50.41 | 66.21 |
| P/BV (X) | 0.89 | 3.28 | 2.85 |
| Dividend yield (%) | - | 1.48 | 1.26 |
| 31/03/23 | 30/12/22 | 30/12/21 | |
|---|---|---|---|
| Market Cap (MB) | 1,650.65 | 2,888.23 | 11,755.57 |
| Price (B/Share) | 0.23 | 0.42 | 1.80 |
| P/E (X) | 118.71 | 2.70 | 121.38 |
| P/BV (X) | 0.89 | 1.40 | 30.15 |
