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SIRI disposed two joint venture companies with U for 1,188.19 million baht, while investing in other joint venture companies at a value of 1,547.19 million baht. Mr. Uthai Uthaisangsuk, Director of SIRI, revealed that the transaction was to increase its ability for further project development, emphasizing that the relationship with U is still intact.
In 2020E, KTBST estimated net profit to drop -18% to ฿297mn. Looking ahead, estimating 2021E net profit to rise significantly +20% in expectation of a full-year revenue contribution from the latest cold storage #9 and the new barge terminal business, and stronger revenue from the auto warehouse yard management and dangerous goods warehouse businesses.
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