Broker WICE looks positive, joins SAT to develop distribution centers, keep an eye out! 2022 profit touched 571 million baht.

Dao Securities said in the analysis today (February 7, 2023), WICE Logistics Public Company Limited or WICE recommends a strategic target of 13.00 baht by evaluating the income from the collaboration between WICE and the company Somboon Advance Technology Public Company Limited or SAT on an area of ​​50,000 square meters at 150-250 million baht per year, accounting for 4-5% of WICE’s 2023 revenue projection, ready to follow up on new collaborations.

Cross-border business will improve in 2023 after China and the world officially relax COVID measures. The estimated net profit in 2022 was 571 million baht, an increase of 6.7% compared to the same period last year, while in 2023 it was 520 million baht, a decrease of 8.9% compared to the same period the last year.

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