Business Overview
The company engages in the business of manufacturing and distributing structural steel of Pre-zinc type under the brand “ZIGA” and Pre-zinc type conduits under the brand “DAIWA”. The Company invests in bitcoin mining and plans to develop value-added to enter the technology business.
Financial Statement
| 3M23 | 3M22 | 2022 | 2021 |
|---|
Income Statement (MB)
| Revenues | 256.17 | 458.82 | 1,158.82 | 1,210.04 |
| Expenses | 232.67 | 437.59 | 1,497.50 | 939.10 |
| Net Profit (Loss) | 14.78 | 12.10 | -380.88 | 204.23 |
Balance Sheet (MB)
| Assets | 1,479.78 | 1,961.26 | 1,312.55 | 1,810.00 |
| Liabilities | 724.02 | 871.55 | 602.62 | 814.48 |
| Shareholders' Equity | 755.46 | 1,089.65 | 709.61 | 995.52 |
Cash Flow (MB)
| Operating | 26.45 | 205.92 | 240.11 | -55.39 |
| Investing | -4.76 | -86.72 | -170.44 | -152.00 |
| Financing | 154.39 | 37.21 | -161.99 | 208.65 |
Financial Ratio
| EPS (Baht) | 0.02 | 0.02 | -0.56 | 0.39 |
| GP Margin (%) | 14.68 | 8.07 | -0.15 | 25.04 |
| NP Margin (%) | 5.77 | 2.63 | -32.87 | 16.88 |
| D/E Ratio (x) | 0.96 | 0.80 | 0.85 | 0.82 |
| ROE (%) | -40.99 | 20.00 | -44.67 | 22.50 |
| ROA (%) | -21.06 | 13.90 | -23.50 | 16.27 |
Business Plan
- Using strategy to add value of the products (value creation by innovation) for creation of conduit products which is a pipe that has won export awards and meets international standards. Moreover, pipe has no need to be painted with anti-rust paint or pre-zinc pipes to be substitute product under the business model "Better Cheaper Faster".
- The strategy for being convenient economy to extend the online platform for niche market for example hemp and cannabis greenhouses and the future trend for renewable energy target group as well.
- The strategy for adding the new products in the old market for co-related products such as galvanize steel paint and galvanize welding wire rod.
- The strategy for entering the technology business in which being the mega trend in the future. The journey for the company is to begin the technology business with the bitcoin mining in which the company has expertise in electrical background and plan further for adding value on business.
Sustainable Development Plan
- Creating customer experience
- Develop sustainable relationship with stakeholders
- Minimize impact to the environment by offering eco-friendly products
- Raise social responsibility awareness within the organization
- Uphold good governance principle
Business Highlight
Using strategies to add value to products such as conduit products Steel pipes don't need to be painted and rustproof. Pre-zinc steel pipes expand online channels, finding niche markets and entering the technology business. Starting with the use of electrical by investing in bitcoin mining and planning to expand the business.
Performance and Analysis
Business Performance Summary
Key Milestones
2021
- Established a subsidiary, Ziga FC Company Limited, with a registered capital of 1 million baht, to engage in franchise sales and digital asset business.
- The Company increased its registered capital from 248,596,700 baht to 369.9 million baht to support the exercise of warrants to purchase the Company's ordinary shares which will be allocated to the existing shareholders of the company.
- Ziga steel pipes are certified manufactured in Thailand (MiT).
- Subsidiary Ziga FC Starts Bitcoin Mining Business.
2022
- Wisden Group Co., Ltd. is a subsidiary with a registered capital of 1 million baht, engaging in ready-to-use utility token assets which is designed to be used in a specific ecosystem
- Achieving the TIS 276-2562 standard as a pressure-resistant carbon steel pipe used for transporting and pressure-bearing work of fluids such as steam, gas, and the wind and is suitable for connecting water, which can extend the number of customers in large scale projects.
Risk Management Policy
Steel business
- Risk from volatility in raw material prices. The Company has no policy to stockpile products for speculation. The Company will be ordered according to the needs of production and sales only.
- Risk from trade countermeasures from government, government under the Department of Foreign Trade which can open an announcement of an anti-dumping investigation. The Company can be imported from other countries.
- Risk from other debt obligations and interest rates. The Company can rely on other sources of funding.
Bitcoin mining business
- The risk of changing, regulations or the environment in bitcoin mining that has a significant impact on bitcoin mining.
- Currency risk exchange rates and inflation. Using digital assets as a diversification of inflation risks even with volatility.
- Risk of mining force volatility. This may be caused by incomplete system setup, broken machines, the Company has hired experts to look at the system 24 hours a day.
- Power outage and fire risk, the Company surveys, uses standard electrical equipment to prevent short circuits and use a place that surveys the amount of electricity in that area. This ensures that there will be no overload and causing power outages.
Recent Awards and Recognitions
- The Company was selected to be included in 2021 ESG Emerging List and ESG100 Universe
- The Company received Best Investor Relations Awards from SET Awards 2021
- Certified as a member of the Private Sector Collective Action Against Corruption (CAC)
Revenue Structure
Stock Information
mai / INDUS
| as of 31/03/23 | ZIGA | INDUS | mai |
|---|---|---|---|
| P/E (X) | - | 29.65 | 66.21 |
| P/BV (X) | 3.22 | 1.73 | 2.85 |
| Dividend yield (%) | - | 2.36 | 1.26 |
| 31/03/23 | 30/12/22 | 30/12/21 | |
|---|---|---|---|
| Market Cap (MB) | 2,288.29 | 2,401.29 | 2,635.67 |
| Price (B/Share) | 3.24 | 3.40 | 4.30 |
| P/E (X) | - | - | 13.71 |
| P/BV (X) | 3.22 | 2.44 | 2.79 |
CG Report:
Major Shareholders
as of 10/04/2023
Company Information and Contact
http://www.ziga.co.th
ir@ziga.co.th
0-2816-9315-6
999/9, 10, 11 Moo 9 Nai Khlong Bang Pla Kot Sub-District, Phra Samut Chedi District, Samut Prakarn 10290
Other Trading Info. :
https://www.settrade.com/C04_01_stock_quote_p1.jsp?txtSymbol=ZIGA
Remarks: This document is prepared by the listed company and aimed to disseminate the listed company’s information to investors for only investment decision support. The listed company does not give investment advice or recommendation regarding the listed company’s securities. Before making investment decisions, investors should study additional information and seek advice from relevant professionals. In no event shall the listed company be responsible for any loss or damage arising from the use of the information contained herein. The listed company reserves the right to amend the content specified in this document without prior notice. Unless otherwise permitted by the listed company, copy, modification, or dissemination of this document or the content contained herein is prohibited. In case there is any questions regarding the listed company’s information, the investors may seek for additional information from the report or information which the listed company has disclosed through the Office of the Securities and Exchange Commission’s and/or the Stock Exchange of Thailand’s channel.
×
![]()