Rewrite text
Stock news 18:08 hours 2023-11-17
Mr revealed Wirat Morakotkarn, CEO of the Commercial and Investment Group, Sabai Technology Public Company Limited (SABUY), that the company has continuously expanded its business and added partners in the first 9 months of 2023. Covering and strengthening the ecosystem, including expand and strengthen the potential (Synergy) of the group of companies. The business is grouped into 6 main business groups: 1. Connection 2. Enterprise and Life 3. Payments and Wallet 4. Financial Inclusion 5. InnoTainment and 6. Venture, which have significant changes as follows.
1. Enterprise and Life Business Group: The Company has invested in S2SMART Company, which provides labor contracting services in the central region. To expand the size of the business for the SABUY Outsourcing group and has plans to invest further in the future.
2. Payments and Wallet Business Group: The Company has collaborated with Bangkok Bank (BBL) is the Banking Agent through SABUY COUNTER, which will be a service point for depositing and withdrawing cash through stores that provide fast delivery and receive services throughout Thailand. Use the SABUY SPEED network with more than 150 cash deposit and withdrawal service points nationwide. and deposit services through supplementary machines “Tem Sabai Plus” makes cash back deposit transactions more convenient and easier.
3. InnoTainment Business Group: From the Company’s previous investment in AS, the Company has acknowledged and agreed to allow AS to invest in Bitkub Online (BO) in order to expand its Digital Platform, Exchange, and technology businesses Blockchain in BO is great potential. Expanding different SABUY business groups and investing in NIPA Cloud Company to increase the potential of the Cloud and Digital Marketing Agency in Southeast Asia. and applied to the Digital Asset business, including the Digital Platform, particularly with SABUY Digital and SABUY Infrastructure.
The company has raised the level of the ecosystem by investing with various partners in 2022, such as SBNEXT, Asphere, SPEED (Drop-Off business group), LOVLS, BZB and others who are diverse and different in their businesses. Including the establishment of subsidiaries in the group When imported into the Company’s Ecosystem, it is able to meet the needs of all service users/customers in each target group. Including effective control of unit costs.
In this regard, the implementation of the stock exchange between TKC – AIT is currently underway. The entire process is expected to be completed by the end of November, which will strengthen the SABUY Group in expanding its comprehensive services to large corporate customers.
Mr. Narongchai Wongthanavimok CEO of SABUY Accounting and Finance Group reveals operating results for the first 9 months of this year. still growing With a total income of 7,564 million baht, a growth of 165% from a total income of 2,850 million baht, and normal profit grew 91% of normal profit in the first 9 months of last year. But there was a net profit of 383 million baht, a decrease of 964 million baht in the same period last year. This is because last year there was a high return on investment valuation.
For the 3rd quarter of 2022, the company had a total income of 2,468 million baht, an increase of 111% from a total income of 1,172 million baht from the same period last year, and a gross profit of 667 million baht, an increase of 297 million baht. or 80% The gross profit margin was 27%, decreased from 32% but increased from 24% in the second quarter of 2023. The main reason was the result of the group having a wider range of products and services and increasing wholesale sales. which has different price competition markets With an operating profit after additional business creation costs of 203 million baht.
And net profit for the period was 37 million baht, a decrease of 463 million baht from the same period last year, or 93%, mainly due to the profit from measuring the fair value of investments in the previous year.
However, in order to increase efficiency and performance in the future, the company has taken measures to adapt, such as adding measures to choose water filter customers in the installment payment system to make it even more strict. This allowance was increased to prepare for fragile economic conditions in the future. Consider selling some businesses that do not advance the ecosystem and reduce duplication of operations by continuing to work according to the company’s structure plan. Add value and increase the ability to cope with future changes. And the company will proceed according to the plans carefully and cautiously to increase operating results in challenging economic conditions in order to satisfy customers and partners, including all stakeholders. In this regard, the company still believes in the plan of action, including the management of various expenses, which remains tight. This is reflected in the ability to generate income which remains good. Even in difficult situations like today
In 3Q23, the group of companies had increased income from the same main companies such as, SBNEXT, SABUY Market Plus, SABUY SPEED, SABUY Alliances, PTECH, BZB, and LOVLS, which are companies with the potential to grow consistently .. Continue this quarter Including looking for new business opportunities. which enhances the company’s growth, such as adding touch points and B2C sales channels through the ShopDD platform and acting as a banking agent for Bangkok Bank in depositing and withdrawing cash through the company’s channels, etc. The company also implements strategies Focus on sustainability in personnel development Risk management and internal audit Including improving the sales and service system according to the 7 SMART guidelines to increase income in All products and services In addition, the company Bu looking for new sales channels and markets. Including a holistic organizational restructuring, emphasizing the sale of solutions to be consistent with the 7 SMART business plan, the company continues to maintain sustainable growth as targeted.
By InfoQuest News Agency (17 Nov ’23)
Tags: SABUY , Wirat Morakotkarn , Sabai Technology , Thai stocks
, make it unique and different from the original text, edit it to look like written by a professional journalist for a newspaper and make it grammatically correct content. Tone: Neutral. formal and professional. Use HTML for formatting, include h2 tags, h3 tags, lists and bold.
Stock news 18:08 hours 2023-11-17
Mr revealed Wirat Morakotkarn, CEO of the Commercial and Investment Group, Sabai Technology Public Company Limited (SABUY), that the company has continuously expanded its business and added partners in the first 9 months of 2023. Covering and strengthening the ecosystem, including expand and strengthen the potential (Synergy) of the group of companies. The business is grouped into 6 main business groups: 1. Connection 2. Enterprise and Life 3. Payments and Wallet 4. Financial Inclusion 5. InnoTainment and 6. Venture, which have significant changes as follows.
1. Enterprise and Life Business Group: The Company has invested in S2SMART Company, which provides labor contracting services in the central region. To expand the size of the business for the SABUY Outsourcing group and has plans to invest further in the future.
2. Payments and Wallet Business Group: The Company has collaborated with Bangkok Bank (BBL) is the Banking Agent through SABUY COUNTER, which will be a service point for depositing and withdrawing cash through stores that provide fast delivery and receive services throughout Thailand. Use the SABUY SPEED network with more than 150 cash deposit and withdrawal service points nationwide. and deposit services through supplementary machines “Tem Sabai Plus” makes cash back deposit transactions more convenient and easier.
3. InnoTainment Business Group: From the Company’s previous investment in AS, the Company has acknowledged and agreed to allow AS to invest in Bitkub Online (BO) in order to expand its Digital Platform, Exchange, and technology businesses Blockchain in BO is great potential. Expanding different SABUY business groups and investing in NIPA Cloud Company to increase the potential of the Cloud and Digital Marketing Agency in Southeast Asia. and applied to the Digital Asset business, including the Digital Platform, particularly with SABUY Digital and SABUY Infrastructure.
The company has raised the level of the ecosystem by investing with various partners in 2022, such as SBNEXT, Asphere, SPEED (Drop-Off business group), LOVLS, BZB and others who are diverse and different in their businesses. Including the establishment of subsidiaries in the group When imported into the Company’s Ecosystem, it is able to meet the needs of all service users/customers in each target group. Including effective control of unit costs.
In this regard, the implementation of the stock exchange between TKC – AIT is currently underway. The entire process is expected to be completed by the end of November, which will strengthen the SABUY Group in expanding its comprehensive services to large corporate customers.
Mr. Narongchai Wongthanavimok CEO of SABUY Accounting and Finance Group reveals operating results for the first 9 months of this year. still growing With a total income of 7,564 million baht, a growth of 165% from a total income of 2,850 million baht, and normal profit grew 91% of normal profit in the first 9 months of last year. But there was a net profit of 383 million baht, a decrease of 964 million baht in the same period last year. This is because last year there was a high return on investment valuation.
For the 3rd quarter of 2022, the company had a total income of 2,468 million baht, an increase of 111% from a total income of 1,172 million baht from the same period last year, and a gross profit of 667 million baht, an increase of 297 million baht. or 80% The gross profit margin was 27%, decreased from 32% but increased from 24% in the second quarter of 2023. The main reason was the result of the group having a wider range of products and services and increasing wholesale sales. which has different price competition markets With an operating profit after additional business creation costs of 203 million baht.
And net profit for the period was 37 million baht, a decrease of 463 million baht from the same period last year, or 93%, mainly due to the profit from measuring the fair value of investments in the previous year.
However, in order to increase efficiency and performance in the future, the company has taken measures to adapt, such as adding measures to choose water filter customers in the installment payment system to make it even more strict. This allowance was increased to prepare for fragile economic conditions in the future. Consider selling some businesses that do not advance the ecosystem and reduce duplication of operations by continuing to work according to the company’s structure plan. Add value and increase the ability to cope with future changes. And the company will proceed according to the plans carefully and cautiously to increase operating results in challenging economic conditions in order to satisfy customers and partners, including all stakeholders. In this regard, the company still believes in the plan of action, including the management of various expenses, which remains tight. This is reflected in the ability to generate income which remains good. Even in difficult situations like today
In 3Q23, the group of companies had increased income from the same main companies such as, SBNEXT, SABUY Market Plus, SABUY SPEED, SABUY Alliances, PTECH, BZB, and LOVLS, which are companies with the potential to grow consistently .. Continue this quarter Including looking for new business opportunities. which enhances the company’s growth, such as adding touch points and B2C sales channels through the ShopDD platform and acting as a banking agent for Bangkok Bank in depositing and withdrawing cash through the company’s channels, etc. The company also implements strategies Focus on sustainability in personnel development Risk management and internal audit Including improving the sales and service system according to the 7 SMART guidelines to increase income in All products and services In addition, the company Bu looking for new sales channels and markets. Including a holistic organizational restructuring, emphasizing the sale of solutions to be consistent with the 7 SMART business plan, the company continues to maintain sustainable growth as targeted.
By InfoQuest News Agency (17 Nov ’23)
Tags: SABUY , Wirat Morakotkarn , Sabai Technology , Thai stocks
#SABUY #aims #close #TKCAIT #deal #November #expand #ecosystem #explaining #budget #months #net #profit #plunged #normal #profit #soared #InfoQuest
