DITTO : DITTO (THAILAND) PUBLIC COMPANY LIMITED
YE/2566 (Jan - Dec 2023)
Business Overview

The Company providing design and develop Document and Data Management Solution, start from document digitization to document management organization and cyber security service. Subsidiary's company providing engineering turnkey services relating to technology for government projects especially green technology for reduce global warming.

Financial Statement
2023 2022 2021 2020
Income Statement (MB)
Revenues 1,829.98 1,239.90 1,093.64 988.18
Expenses 1,416.62 947.41 889.27 834.70
Net Profit (Loss) 335.09 234.75 200.68 114.20
Balance Sheet (MB)
Assets 3,336.12 1,658.31 1,342.90 773.81
Liabilities 873.49 390.40 310.01 440.83
Shareholders' Equity 2,462.62 1,267.91 1,032.89 332.98
Cash Flow (MB)
Operating 146.45 357.83 145.47 11.74
Investing -217.83 -425.86 -46.94 -36.27
Financing -14.09 -101.61 303.07 10.88
Financial Ratio
EPS (Baht) 0.52 0.47 0.48 0.35
GP Margin (%) 29.82 33.25 29.58 25.93
NP Margin (%) 18.31 18.93 18.35 11.56
D/E Ratio (x) 0.35 0.31 0.30 1.32
ROE (%) 17.96 20.41 29.39 34.30
ROA (%) 16.74 19.73 23.86 19.83
Business Plan

Business of Document Management Systems

Emphasize on data organization and management utilizing technology for document management system and digitize operation and working environment within organization to improve the document management efficiency either in the government sector, state enterprises, and private sector. Also expanding into Cyber Security business and the development of document management systems in the form of cloud-based services (Software as a Service (SaaS)).

Business of Green Technology

Focuses on reduce global warming, the Company signed the mangrove reforestation project for benefits from the Carbon Credit and focus on waste management project for reduce municipal waste.

Business of Technology Engineering

Focuses on engineering related to green technology which integrate new innovations into the Thai culture such as

  • New Smart Zoo
  • Telemetry projects
  • Museum projects

 Business of rental and distribution of technology products

Focus on expanding POS system product and services and drive-thru system to address clients’ need and to keep pace with the world's fast evolving technologies.

Business Highlight
  • Signed contract for the Construction of the New Zoo Phase 1, Khlong Hok with the Zoological Park Organization of Thailand under the Royal Patronage of H.M. the King under RSDT Consortium. Project value is 5.354 billion Baht 
  • Signed the Mangrove reforestation project for benefits from the Carbon Credit. The Company has been allocated the land for mangroves reforestation with the Department of Mineral and Coastal Resources where the Company is allocated totally 176,496.24 Rai with contract period of 30 years
  • Signed The 2nd Phase of the Construction of the Precious Wood Knowledge Museum on the Auspicious Occasion of the Grand Coronation Ceremony, with the Ministry of Natural Resources and Environment by the Office of the Permanent Secretary, under SSDT Consortium, totally 2.044 billion Baht.
  • Signed contract from the Bank for Agriculture and Agricultural Cooperatives to proceed the Development of Debt Quality Management System Project valued at 198.5 million Baht.
  • Signed contract from Industrial Estate Authority of Thailand (IEAT) to Develop the Digital Twin system (Digital Twin) Phase 2, under the Smart Industrial Estate Central Project (SMART Industrial Estate). Project value 143 million Baht.
Performance and Analysis
Business Performance Summary

For the year 2023, the Company and its subsidiary generated total revenue from sales and services of 1,816.51 million baht, an increase of 579.80 million baht or a growth of 47% compared to the same period last year. Net profit amounted to 335.10 million baht, an increase of 100.35 million baht, up 43% from the same period last year.

Key Milestones

2001 The company was founded to import and recondition used photocopiers for distribution, rent, sale, and provision of services.

2006 Established Siam TC Technology Co., Ltd. ("Subsidiary") to provide technical engineering turnkey project service.

2015 Expand the service to distribution and provision of document management solutions.

2018 Expand business to Drive-Thru services and was appointed as the distributor of HME brand (Drive-Thru system products)

2021 Listed in MAI (Market for Alternative Investment) as “Ditto” (Tech industry) ,started Cyber Security services and start design and develop control system for waste sorting plant (RDF).

2022-2023 Signed the Mangrove reforestation project for benefits from the Carbon Credit, where the Company is allocated totally 176,496.24 Rai with contract period of 30 years

2023 Signed contract for the Construction of the New Zoo Phase 1, Khlong Hok under RSDT Consortium. Total project value is 5.354 billion Baht 

2023 Investment in Somapa Information Technology Plc. total investment 860.76 MB., 18% of registered paid-up capital

2024 January 17, 2024 DITTO move from mai to SET

2024 Investment in NETBAY Plc. total investment 846.60 MB., representing 24.90% of registered paid-up capital

Risk Management Policy

The risk of technological change

Businesses of the Company and its subsidiary are those that’s been evolved and technology has been transformed over time that affects both in efficiency, price, and suitability of our products and services. This will surely have an impact on the competitiveness and industry competitive environment. The Company and its subsidiary, therefore, have to study and keep track of the changes in technologies. Including provisioning new products to be able to compete continuously. Moreover, the Company and its subsidiary regularly train staff of the Company and its subsidiaries to have knowledge and understanding of ever-changing technologies from various media.

Revenue Structure
Data and Document Mgt 39% Engineering Technology 45% Rental and Hardware Product 16%
Stock Information
mai / TECH
Closing price DITTO mai index 56.00 32.50 9.00 637.00 530.33 423.67 317.00 3-1-23 31-3-23 4-7-23 29-9-23 28-12-23
as of 28/12/23 DITTO TECH mai
P/E (X) 57.61 35.96 109.18
P/BV (X) 7.50 3.55 2.17
Dividend yield (%) 0.03 0.93 1.53
28/12/23 30/12/22 30/12/21
Market Cap (MB) 18,004.45 31,419.33 11,990.00
Price (B/Share) 27.25 59.50 27.25
P/E (X) 57.61 119.00 81.03
P/BV (X) 7.50 25.69 12.43
CG Report:
-
Company Rating:
Major Shareholders
as of 14/03/2023
นาย ธีระชัย รัตนกมลพร (28.12%)
นาย ฐกร รัตนกมลพร (13.46%)
นาย SATAPORN NGAMRUENGPHONG (9.21%)
BANK OF SINGAPORE LIMITED (3.79%)
MISS THIDARAT SUAMORNRATTANAKUL (3.58%)
Others (41.84%)
Company Information and Contact
http://www.dittothailand.com/
ir@dittothailand.com
0-2517-5555
235/1-3 Rat Phatthana Road, Saphan Sung Sub-district, Saphan Sung District Bangkok 10240
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