2024-04-05 03:17:19
Reporters reported that today (5 April 2024) the stock price Sabai Technology Public Company Limited or SABUY At 10:01 a.m., it was at the level of 1.94 baht, minus 0.32 baht or down 14.16%, highest at 1.94 baht, lowest at 1.75 baht, with a trading value of 314.71 million baht, if viewed from a heavy decline for 5 business days. went 58%
The Stock Exchange of Thailand (SET) asks investors to consider the information carefully before trading SABUY securities, as trading conditions have greatly decreased on 3 and 4 April 2024, which can be summarized as follows: trading conditions have decreased significantly. The price dropped to the lowest level of the day (Floor) for 2 consecutive business days (-51%). Yesterday (4 April 2024) the price dropped to the Floor until there were no bids left. I’ve been here since the market opened. and remained unchanged to close in the morning at 2.28 baht, a decrease of 29.63% with a trading value of 90 million baht, while the SET Index and Sector Index (COMM) decreased by 0.29% and increased by 0.12%, respectively, and many sellers concentrated in some person which found that many sellers Especially yesterday (4 April 2024) reached 85% of the total trading volume. It is a sale by a person who was forced to sell from a greatly reduced price on the previous day.
SABUY yesterday at 12.31 clarified that there were no business developments that had any effect on the stock price. While the proportion of short selling is not large and is mainly selling from small investors who are forced to sell, on April 4, 2024, morning session, there is no short selling program.
Meanwhile, on April 3, 2024, there was a short selling proportion of 0.20% of the trading volume. All sales are small. Therefore, the Stock Exchange Therefore, investors are asked to consider information on both trading and trading. and SABUY information carefully before deciding to trade.
Mr. Wirat Morakotkarn, Chief Executive Officer of Sabai Technology Public Company Limited or SABUY, revealed that the trading price of SABUY’s shares has changed in the price level which has decreased significantly during the period of April 3, 2024 to the morning of April 4, 2024. The company would like to clarify that there are no business developments that affect the stock price in any way. which the stock price decreased caused by external factors and other circumstances not under the control of the Company. If there are any important developments affecting business operations, investors will be informed. and will continue to strictly comply with relevant criteria
In the case of the company’s stock price falling sharply in the past 1-2 days because the major shareholder was forced to sell (Forced Sell) in the margin account. and there was a bombardment of shares from other shareholders as well. Of course, it is not only major shareholders who use margin accounts. and the transaction is not related to SABUY. However, as an executive, we must build back investor confidence by accelerating and driving the business to strength.
Initially, the company plans to sell shares in SABUY subsidiaries (not the core business) in which it holds 100% of shares to partners. which has many negotiations Or reduce the shareholding proportion to 50-60%, such as a business related to lending or credit. Currently, there are 2-3 interested parties and the automatic vending machine business, etc., including considering selling unprofitable assets such as buildings or apartments. etc. in order to prepare to create liquidity to support the repayment of bonds that will mature in the near future. and strengthen liquidity Because in the past since entering the stock exchange More than 13,000 million baht has been invested and borrowed.
For 2024, the company has approximately 1,500 million baht of bonds due at the end of the year, with the expectation that they will be able to repay them as scheduled. and may consider not issuing new bonds due to unfavorable market conditions. But will use the ability from the capital base of the current business that generates an average monthly cash flow of not less than 100 million baht and the capital reserve plan from the plan to reduce shareholding proportions to partners as mentioned above.
As for the direction of operating results in the 1st quarter and 2nd quarter of 2024, it is still quite stable. Because the economy has not yet been stimulated, the SABUY business is quite fortunate to receive positive results from consumption from tourism. and hot weather Make drinks sell well and other products that are quite diverse It is confident that in the second half of 2024, operating results will come back strong. and turn around and make a profit Due to the economic recovery and stimulating various government policies following the 2024 budget is passed.
In addition, the company recently announced a collaboration to sign a contract to purchase chili paste with Miss Grand International Public Company Limited or MGI, starting with 100,000 jars, distributed through SABUY cabinets through two models: joint cabinet model and cabinet rental model in the future. The strong point of SABUY’s automatic vending machine is that it has a low cost and can be bought and eaten right away. No need to wait for online purchases. and get a group of customers who don’t use social media as well
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