The Newly Listed ‘Genesis Fertility Center’ Expects 30% Growth in 2023 with Two Branch Expansions

Genesis Fertility Center PLC (mai: GFC) stock debuted yesterday (13 Sep) in mai exchange for a smaller alternative Thai PLC stock. GFC price opened at THB 10.7 and closed at THB 10.5, which was higher than its IPO at THB 7.0 with traded value of THB 2 billion (USD 56 million).


GFC is specialized in fertility clinic as the name suggest and also enhanced its Early Embryo Viability Assessment (EEVA) process with AI technology. The company believed that its revenue would grow 30% YoY as it debuted in the stock market and the Thai economy will recover in the later half of this year which will attract more foreign customers.


The attribution of GFC’s revenue came from 90% domestic and 10% foreign customers through its agencies. The company will invest the funds raised from an IPO to expand its operation. GFC will open more branches in both domestic and neighboring countries. The soon-to-be Suvarnabhumi-Rama 9 and Ubon Ratchathani branch are expecting 4 to 5 and 2 to 3 years for a full return on investment, respectively.