Wave Entertainment Limited (WAVE) Stock Price Showing Positive Growth
Today, on September 27, 2023, reporters have noted a significant increase in the stock price of Public Company Wave Entertainment Limited (WAVE). As of 3:17 pm, the stock price stands at 0.18 baht, with a gain of 0.01 baht or 5.88%. The highest price recorded is 0.01 baht, while the lowest price reached 0.17 baht. The total trading value has reached an impressive 5.09 million baht.
Bright Future for WAVE in the 3rd Quarter of 2023
CEO of WAVE, Mr. James Andrew More, has shared his insights on the company’s performance in the 3rd quarter of 2023. He anticipates a positive growth trend compared to the previous quarter, with a projected total income of 109.80 million baht. While the profit continues to follow the same pattern, it is expected to surpass the net loss of 4.46 million baht recorded in the 2nd quarter of 2023. These projections align with the overall positive trajectory of the improving economy.
Promising Outlook for the 4th Quarter and Expansion Plans
Looking ahead to the 4th quarter of 2023, WAVE continues to display signs of improvement. This period marks the high season for Wallstreet English, with the company currently operating 15 branches. Furthermore, WAVE has invested in opening additional branches in potential areas and expanding its business through the franchise system. Recent collaborations with 2 Sub-Franchisees in Chonburi, Thailand, and Vientiane, Laos have already resulted in the opening of new branches in September 2023. These expansions are expected to contribute to the company’s revenue in the 4th quarter.
Opportunities with Carbon Taxes and Environmental Initiatives
As 2023 draws to a close, the enforcement of carbon taxes in all countries is set to bring greater clarity. Accompanied by political stability, these developments instill confidence in investors. WAVE’s subsidiary, Wave BCG Company Limited, is well-positioned to benefit from this with its comprehensive Carbon Credit business. This includes providing consultancy services, partnering with climate projects, and supporting greenhouse gas emissions reduction efforts. Additionally, the company aims to register Carbon Credits, monitor emissions reductions, and supply Carbon Credits to organizations in Thailand and Southeast Asian countries.
Promising Performance in 2023
Overall, WAVE’s performance in 2023 is expected to surpass that of the previous year. Projections indicate a total income of 300.83 million baht, compared to the previous year’s 217.18 million baht. Although a net loss of 65.81 million baht was incurred in 2022, the company anticipates a significant improvement. This positive shift in performance is primarily attributed to the expansion and development of new businesses within the educational institution segment, particularly Wallstreet English.
Collaboration to Support Carbon Credit Trading
In a recent milestone, Wave BCG Company Limited (WAVE BCG) has signed a memorandum of understanding with Escopolis Company Limited. This collaboration aims to support the purchase and sale of carbon credits (Carbon Credit) and renewable energy certificates (Renewable Energy Certificate: REC). It will utilize the FTIX platform, enabling real-time trading and seamless transfers and compensation claims. With a strong connection to the T-VER standard carbon credit register, this partnership intends to drive Thailand’s industry towards carbon neutrality sustainably and effectively.
Reporters reported that today (27 September 2023) the stock pricePublic Company Wave Entertainment Limited or WAVE At 3:17 pm, it was at the level of 0.18 baht plus 0.01 baht or 5.88%, the highest price 0.01 baht, the lowest price 0.17 baht, with a trading value of 5.09 million baht.
Mr. James Andrew More, CEO of WAVE, revealed that the operating performance trend in the 3rd quarter of 2023 is expected to grow from the 2nd quarter of 2023 with a total income of 109.80 million baht, while profit remains. follow But it is believed that it should be better than the 2nd quarter of 2023 which had a net loss of 4.46 million baht, which is in line with the overall picture of the continuously improving economy.
As for the 4th quarter of 2023, it will continue to improve. Because it is high season for Wallstreet English, the company currently has 15 branches. The company has invested in opening more branches in areas with potential. Including expanding the business through the franchise system as the company has signed a contract with 2 Sub-Franchisees to cooperate in franchising in the areas of Chonburi, Thailand and in Vientiane, Laos. The branch has already opened in September 2023 and is expected to increase revenue for the company in the 4th quarter of 2023.
In addition, towards the end of 2023, greater clarity will begin on the enforcement of carbon taxes (Carbon Tax) in all countries. along with political clarity Make investors feel confident This will be an opportunity for Wave BCG Company Limited (a subsidiary of WAVE) which operates a complete Carbon Credit business, providing consultancy services to buyers and sellers of Carbon Credits, to find to Climate Projects and their management, supporting the reduction of the Company’s greenhouse gas emissions. Supporting the registration of Carbon Credits, monitoring the reduction of the company’s greenhouse gas emissions, providing Carbon Credits to organizations in Thailand and SEA, etc., which is the company’s S-curve business.
For the overall performance in 2023, it will be better than 2022 with a total income of 300.83 million baht and a net loss of 65.81 million baht. In the first half of 2023, the company had a total income of 217.18 million baht and a net loss of 15.89 million baht , with better operating results coming mainly from the business group of the educational institution or Wallstreet English, which has continued to expand. along with developing new businesses
Meanwhile, Wave BCG Company Limited or WAVE BCG has recently signed a memorandum of understanding with Escopolis Company Limited to join as a partner and support the purchase and sale of carbon credits (Carbon Credit) and renewable energy certificates (Renewable Energy Certificate: REC) . ) through the FTIX platform which is traded in real time. It has a system to support trading transactions under the Federation of Thai Industries (FTI) and a system that is fully linked to the T-VER standard carbon credit register, making transfers and claiming compensation smooth. About this collaboration The company is confident that it will be able to drive Thailand’s industry towards the goal of carbon neutrality. Through a carbon credit trading mechanism and renewable energy certificates (RECs) for reducing greenhouse gases. and aim for the goal firmly and sustainably
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