WICE Logistics Public Company Limited, or WICE, started trading on the Stock Exchange of Thailand (SET) today (28 July 2015) with a launch event at the SET building this morning.
The company says it is ready to see significant business expansion as there has been rising demand for logistics services in Thailand and in international markets. WICE is confident that it can obtain sustainable profitability considering its strong logistics operations, strong performance, robust finance and low debt-to-equity ratio.
Ms. Araya Kongsoonthorn, WICE Logistics’ Chief Executive Officer said this funding would be used to increase the company’s expansion – building warehouses, purchasing trucks and trailers, expanding truck service areas, improving the information system, and providing working capital. This is to handle a growing customer base and wider range of services, which seems to be growing continuously.
“Our performance has been outstanding and progressing constantly as WICE provides unique services, unlike other companies in the logistics business. We strongly believe that WICE is likely to become a new interesting stock on the SET,” Ms. Kongsoonthorn said.