"SABUY" set goals to increase revenue 25% in 2021,New alliance from Korea, THAIVAN, New business E-Money and plan to move to the Stock Exchange of Thailand (SET) within March.

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Mr. Chukiat Rujanaphornpjee, Chief Executive Officer, Sabai Technology Public Company Limited (SABUY), revealed the results of the year 2020 that the company had revenue from sales and services for the 12 months to December 31, 2020. The income was over 1,228.35 million baht. It was an increase of 170.43 million baht or 16.11% compared to the same period last year. Gross profit was 628 million baht, an increase of 22.37% from the same period last year, and a net profit of 102.06 million baht, an increase of 57.98 million baht from the same period last year, representing 76.03%.


"The company had managed costs in terms of administrative expenses. It can generate good profits and increased revenue from selling products through vending machines. The number of vending machines of the company on December 31, 2020, is equal to 5,876 machines. Although the company was affected by the COVID-19 epidemic crisis that has caused the sales of beverage products to slow down, the company has brought products that suitably for the current situation to sell via vending machines instead. Moreover, the company can generate more revenue from the deposit and money transfer services (Banking Agent) by the behavior of users that reduce financial transactions through bank branches and ATMs. Besides, it also has revenue from service fees, advertising media on vending machines that are consistent with the service volume, and the increasing number of vending machines," said Mr. Chukiat.


Mr. Chukiat said that the Board of Directors approved to propose to the shareholders' meeting to pay a dividend of 0.03 per stock baht from the profits that are exempt from tax by specifying the list of eligible persons to receive the dividend (Record date) on April 28 and pay the dividend on May 14. In addition, the company prepares warrants to shareholders in the ratio of 10 stocks per 1 warrant. In addition, the company prepares warrants to shareholders in the ratio of 10 stocks per 1 warrant with the date that the warrants are not eligible to purchase on April 27 at the exercise ratio (Warrant: Stock) 1:1 at the exercise price (Baht per stock) 3.25 Baht.


Mr. Chukiat said that for this year's business trend, the company's total revenue will continue to grow at a rate of 25%. It is mainly driven by the top-up kiosk business, vending machine business, Food center business, POS, and new business E-Money by planning to set an investment budget this year at 800 million baht. Recently, the company has acquired THAIVAN Service Co., Ltd., a subsidiary of KOVAN from South Korea, as an alliance. THAIVAN Service Co., Ltd. has been doing business in Thailand for 15 years, providing digital network services in E-payment and Loyalty Program systems, both in the form of POS and EDC machines. It is also a system provider “Rao Chana” with Krung Thai Bank, and the company plans to move the listed securities from the Market for Alternative Investment (MAI) to be traded in the Stock Exchange of Thailand (SET) in the Commerce group within March.


Mr. DongJin Seo, Chief Executive Officer of THAIVAN Service Co., Ltd. He said that this collaboration between THAIVAN and SABUY is considered a perfect complement to the ECOSYSTEM of both parties. THAIVAN will add a payment service by SBM (SABUY MONEY WALLET) and a Loyalty program from SABUY EXCHANGE called SABUY CASH into the THAIVAN EDC system that currently supports 10,000 devices. In addition, opening a system together can allow THAIVAN system to support a variety of E-Wallets via SBM systems. For example, Alipay, Wechat, True Money, AirPay, Rabbit Line Pay, and Dolphin. Another important service is that THAIVAN will be another channel for SABUY to support interbank and international money transfer services that will launch in quarter two as well.

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