SCM Surges 53% to ฿2.90 on the First Trading Day!

The share price of Successmore Being Public Limited (SCM) kicked off its first trading day with a jump of ฿1.00/share or 52.63% to ฿2.90/share from an IPO price of ฿1.90/share with a trading value of 880 million baht. 

 

SCM is expected to close higher on its first trading day in SET as the company has strong business with more than 180,000 businessmen in its network with six dealers in ASEAN to boost its sales revenue for the upcoming 3-5 years.

 

SCM is a company of distributing and selling consumer products through its Multi-level Marketing (MLM) network, which can be divided into 3 main businesses: 1) network business to distribute food supplement products and consumer products in Thailand and foreign country 2) consulting services about Multi-level Marketing and organized seminars, and 3) product development and manufacturing businesses.