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29 MAY 23

TBN IPO Roadshow Success: Thailand’s Low-Code & AI-Driven Leader Set for mai Listing | TBN

TBN Corporation PLC has revealed its core strengths during the TBN IPO Roadshow, highlighting the rapid growth of the new tech stock after clocking a stellar gross profit margin of 42% in Q1/2023. CEO Panayu Sirikrachangsri outlined his strategic vision to leverage Mendix Low-Code and AI-driven platforms to revolutionize the digital solutions industry. By operating as a comprehensive One-Stop Service provider, TBN is fully positioned to accelerate its business expansion and capture high-growth opportunities across the regional market.
IPO roadshow

The Visionary Edge: The Visionary Edge: Low-Code & AI-Driven Synergies

Mr. Panayu Sirikrachangsri (CEO, TBN) emphasized the company’s mission to become Asia’s recognized leader in Digital Solutions. By leveraging Mendix Low-Code—a technology that accelerates application development by 6-10 times—and integrating AI-driven methodologies, TBN provides a "One Stop Service" that drastically improves business outcomes for enterprise clients.

Strategic Growth: Scaling via TBN MENDIX Academy

To address the skyrocketing demand for Digital Transformation, TBN has established the TBN MENDIX Academy. This initiative focuses on developing specialized tech talent to maintain cost leadership and support large-scale projects across the manufacturing, F&B, and financial sectors throughout the Asian region.

Financial Resilience: 50% Recurring Income & Exceptional Margins

TBN’s business model is anchored by a high degree of stability and growth potential:

High Profitability: Reported a remarkable 42.13% Gross Profit Margin in Q1/2023.

Revenue Stability: Over 50% Recurring Income at the end of 2022, instilling deep investor confidence.

Exclusive Expertise: TBN is the first and only authorized distributor of Mendix in Thailand, trusted by global leader Siemens.

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