'SINO' in first day of trading on SET

Editorial Staff

'SINO' in first day of trading on SET

“Sino Logistics Corporation Public Company Limited” (SINO), an integrated international logistics service provider launched the company’s first day of stock trading in The Stock Exchange of Thailand (SET) for the first time on September 20

The company aims to move forward with the expansion of container storage yards, while also getting ready to join up with partners to further invest both domestically and in the ASEAN region. The company is also proactively fostering growth in every business group in its determination to become one of the leaders in the provision of integrated international logistics services in the ASEAN region.

Mr. Nanmanus Witthayasakpant, chief executive officer of SINO), announced that the company was listing its shares for trading on the SET for the first time on September 20, using the abbreviation “SINO” and classified in the “transportation & logistics” business sector in the “Services” Group following the successful initial public offering (IPO).

This important milestone clearly reflected the company’s strong business fundamentals and good growth potential as an integrated international logistics service provider with complete expertise in international freight forwarding by sea, air and land, as well as warehouse rental services, customs clearance services and other support services related to logistics.

As for the strategy to foster growth going forward, the company plans to invest in companies that operate freight forwarding businesses in Southeast Asian countries to increase regional market share and further expand customer base. This will help to promote long-term competitiveness in providing international logistics services in all forms.

Mr. Somphop Keerasuntonpong, president of Finansia Syrus Securities Plc, as the underwriter, said that the offering of 292 million SINO shares at 1.40 baht per share was received with great interest from investors.

This reflected confidence in the company’s potential to become an integrated international logistics service provider with the expertise in providing services on international sea freight routes covering more than 100 countries, such as on the Thailand-North America, Thailand-Asia and Thailand-Europe routes. All those are the main export and import arteries for world trade. Also significant is the strategic investment plan aimed at improving service quality and to expand service coverage to countries in the ASEAN region. We believe that SINO will be a new stock that will create good returns for investors in the long term.