Reporters reported today (5 April 2024) the stock price Sabai Technology Public Company Limited or SABUY At 10:01 am, 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 58% went
The Stock Exchange of Thailand (SET) asks investors to carefully consider the information 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 fell to the lowest level of the day (Floor) for 2 business days in a row (-51%). Yesterday (4 April 2024) the price fell to the Floor until there were no bids left. I have been here since the market has been 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 who 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 at a price that was greatly reduced the previous day.
SABUY explained yesterday at 12.31 that there were no business developments that had any impact on the stock price. Although the proportion of short selling is not large and mainly selling by small investors who are forced to sell, on April 4, 2024, the morning session, there is no short selling program.
Meanwhile, as of April 3, 2024, short selling accounted for 0.20% of the trading volume. All sales are small. Therefore, the Stock Exchange Therefore, investors are asked to consider information about trading and trading. and SABUY information carefully before deciding to trade.
Mr revealed Wirat Morakotkarn, Chief Executive Officer of Sabai Technology Public Company Limited or SABUY, that the trading price of SABUY’s shares has changed in a price level that has fallen significantly during the period between April 3, 2024 and the morning of April 4, 2024 The company would like to clarify that there are any business developments that affect the stock price in any way. that the stock price fell caused by external factors and other circumstances that are not under the control of the Company. If there are any important developments affecting business operations, investors will be notified. and will continue to strictly comply with the relevant criteria
In the case of the company’s stock price falling sharply in the last 1-2 days because the main shareholder was forced to sell (Forced Selling) in the margin account. and there was a bombardment of shares from other shareholders as well. Of course, margin accounts aren’t just used by large shareholders. and the transaction is not related to SABUY. However, as an executive, we have to build back the confidence of investors by speeding up and driving the business to strength.
Initially, the company plans to sell shares in SABUY subsidiaries (not the core business) where it holds 100% of the shares to partners. which have a lot of negotiations Or reduce the share portion to 50-60%, such as businesses related to lending or credit. Currently, there are 2-3 interested parties and the vending machine business, etc., including considering the sale of assets that are not useful, such as buildings or flats 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 about 1,500 million baht of bonds outstanding at the end of the year, with the expectation that it will be able to repay them as scheduled. and may consider not issuing new bonds due to adverse market conditions. But it will use the ability from the capital base of the current business that generates an average monthly cash flow of no less than 100 million baht and the capital reserve plan from the plan to reduce shareholdings to partners as mentioned above.
Regarding the direction of operating results in the 1st quarter and 2nd quarter of 2024, it is still quite stable. Since the economy is not yet stimulated, SABUY business is fortunate enough to get positive results from the use of tourism. and hot weather Make drinks sell well and other products that are quite diverse He is confident that operating results will come back strongly in the second half of 2024. and turn around and make a profit Due to the economic recovery and stimulating various government policies after the 2024 budget is passed.
In addition, the company recently announced a collaboration to sign a contract to buy chili paste with Miss Grand International Public Company Limited or MGI, starting with 100,000 jars, distributed through SABUY cabinets through 2 models: joint cabinet model and a future cabinet rental model. The strong point of SABUY vending machine is that it has a low cost and can be bought and consumed immediately. There is no need to wait for online purchases. and have a group of customers who do not use social media as well
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