The company distributes wire rope and sling, webbing sling, chain, lifting tools, and other products. The company also provides wire rope replacement, load testing, crane and wire rope maintenance, product consulting, wire rope installation and repair, and safety instruction seminar.
| 6M24 | 6M23 | 2023 | 2022 |
|---|
| Revenues | 163.59 | 208.13 | 411.41 | 379.95 |
| Expenses | 171.69 | 203.57 | 400.55 | 378.60 |
| Net Profit (Loss) | -13.08 | 0.35 | 1.98 | -4.56 |
| Assets | 665.70 | 690.45 | 700.67 | 663.83 |
| Liabilities | 301.94 | 318.25 | 323.09 | 291.28 |
| Shareholders' Equity | 357.53 | 364.50 | 370.61 | 364.15 |
| Operating | 28.47 | 15.19 | 10.68 | -11.35 |
| Investing | -2.60 | -5.05 | -4.41 | -2.75 |
| Financing | -23.53 | -3.64 | -4.15 | -15.77 |
| EPS (Baht) | -0.04 | 0.00 | 0.01 | -0.01 |
| GP Margin (%) | 39.64 | 37.32 | 38.82 | 37.50 |
| NP Margin (%) | -8.45 | -0.17 | 0.13 | -1.47 |
| D/E Ratio (x) | 0.83 | 0.86 | 0.86 | 0.78 |
| ROE (%) | -3.17 | 1.17 | 0.54 | -1.24 |
| ROA (%) | -0.26 | 1.85 | 1.59 | 0.21 |
1. The quality of the product has been standardized.
- Find quality products from world-class manufacturers.
- There is a product quality certificate from the manufacturer.
- There is a certificate of tensile strength of the product for the customer.
2. Service
- There is a team of experts to give advice on how to use it. change the wire rope Training to provide knowledge on how to use the product properly.
- Tensile testing service is available. as well as having a subsidiary to provide service to check the condition of readiness for use.
3. Good relationship with customers
- Focus on selling products and services that meet the needs of customers. Follow up to find the cause in case of problems with the product. including delivery of goods on time.
- Being a business partner with important customers for a long time.
4. Setting the selling price
- Not focusing on price competition or cutting the selling price to compete with competitors.
- Company's customer groups Emphasize products with reliable standards and quality certificate.
5. Good relationship with manufacturers
- Appointed as a distributor from the world's leading manufacturers and was appointed as the only dealer.
- Long-term business partner with key manufacturers.
To be the number one leader in sales and provide knowledge about slings and high quality lifting equipment Both Thailand and neighboring countries.
For the second quarter of 2024, the company had net loss attributable to shareholders of the company in the amount of 13.08 million baht.
1998 - 2001 Company registration Thai Mui Trading Corporation Co., Ltd. and started selling products under the brands Bridon, Usha, Kiswire and Crosby and invested in wire rope casing machines.
2015 The company started using the Bar code/QR code system to manage the company's inventories.
2017 The Company was listed on the Market for Alternative Investment (mai) on November 23, 2017 and changed its name to Thai Mui Corporation Public Company Limited.
2018 The company received ISO 9001:2015
2019 The Company invested in the water quality improvement business for shrimp farms with ultrafiltration and ozone systems.
2020 The company has been appointed as the sole official distributor in Thailand. To distribute products under the brand Brunton Shaw, the world's leading manufacturer of wire ropes. from England
2023 The company expanded branches to Songkhla province. To support expansion and ensure timely service to customers in the southern region.
1. Inventory Storage Risk
The company sells more than 3,000 items of wire rope products and carrying equipment. There is a need to have inventories in reserve waiting to be sold. to support the needs of customers sufficiently and quickly because if there is a case where at some time the company There is no stock in stock waiting to be sold. And customers have immediate demand for products, the company may lose business opportunities in selling those products and may not be able to maintain that customer base, including some products that must be reserved as a Safety Stock for customers who have continuous order Most of them are customers with contracts. It may cause cases where some products are not sold for a short period of time. and remain in the warehouse This will result in storage costs. including if the inventories are not well maintained may cause the product to deteriorate which resulted in impairment in the said product
2. Risk from competition in the industry
Because the industry procures and sells wire rope products and carrying equipment. including the products that the company Selling some brands There will be other distributors who sell the same products or have the same standards as the products that the company sells. Therefore, customers may choose to use products from other manufacturers or other distributors easily. Therefore, the company may be at risk from Competition in the industry from both existing entrepreneurs and the entry of new entrepreneurs This will negatively affect the creation of more new customer bases. Maintaining the existing customer base and the overall performance of the company in the end.
| as of 28/06/24 | THMUI | SERVICE | mai |
|---|---|---|---|
| P/E (X) | - | 123.70 | 40.95 |
| P/BV (X) | 0.53 | 2.41 | 1.79 |
| Dividend yield (%) | - | 2.00 | 2.06 |
| 28/06/24 | 28/12/23 | 30/12/22 | |
|---|---|---|---|
| Market Cap (MB) | 193.80 | 204.00 | 323.00 |
| Price (B/Share) | 0.57 | 0.60 | 0.95 |
| P/E (X) | - | 58.00 | 383.33 |
| P/BV (X) | 0.53 | 0.56 | 0.89 |