Demand Forecasting by Institutional Investors 1240.9 to 1… KOSDAQ records highest
Kim Jeong-ha President of THiRA-UTECH
[Asian Economy Kum Bo-ryeong reporter] Kim Jeong-ha, CEO of THiRA-UTECH, said on the 1st that, “Now, more than 70% of our customers are large companies, and from this year, we are expanding into mid-sized and small-sized enterprises.”
Saying this in an interview with the Asian economy on the day he said, “I expect the results to be much better next year, after concrete results come out from the second half.”
THiRA-UTECH, listed on the KOSDAQ on the 31st of last month, received an amazing score of 1240.9 to 1 in demand forecasting for institutional investors on the 16th – 17th of the same month. Recording the highest competition ever in the KOSDAQ’s history, the public offering price was also confirmed at the top of the band. In the follow-up offer for general investors, the competition rate was 1164.16: 1. “They are interested in the idea of the Smart Factory itself,” he said. “The government is also supporting the Smart Factory sector to strengthen the manufacturing industry.”
Founded in 2006, THiRA-UTECH is a smart factory software company that develops a production management system (MES), supply chain management (SCM), and facility automation software for smart factory construction. It has a wide range of products, including THiRA Planner, THiRA Scheduler, and THiRA DCP.
The fact that a direct investment was made by large companies also contributed to the rise of THiRA-UTECH’s share price. Kim said, “SK has made a strategic investment and I can’t ignore it,” adding that “I have worked with SK for more than 10 years, and investors seem to think we are a good company because we have a stable captive market.” In addition, the company is supplying solutions to SK Hynix and SK Innovation in collaboration with SK C&C. Samsung Electronics, LG Chem, and Hanwha Q CELLS are also customers of THiRA-UTECH.
In order to become a firm that has generated interest over a long period of time rather than a shiny new company, it is preparing for strategic overseas expansion into China, Vietnam, and Singapore. Next year, it will open a branch in Vietnam. Last week, he participated in a related exhibition in Vietnam. “We can’t do everything as we do in Korea, so we have to hire local people,” he said and stressed that “We are looking for Vietnam strategic investor (SI) companies, and more than 10 companies have contacted us.”
The funds secured by this public subscription will be invested in human resources. This is because securing technical manpower is important in the business sector. Kim said, “We rarely spend investment on facilities.” And he was confident that “Maybe the company can become better known after its listing on the KOSDAQ and a lot of good talent will come.”
The stock price of THiRA-UTECH, which had a public offering price of 12,050 won, began trading at 24,100 won on the day of the listing and closed at 20,650 won.
Source : https://view.asiae.co.kr/article/2019110111290349554
