STAR: Trying to Light Up in the Dark
STAR: Trying to Light Up in the Dark
STAR: Trying to Light Up in the Dark
15 ธ.ค. 2563

Star Universal Network Public Company Limited (STAR) is a long-losting star that tries to light itself up in the dark as the company faces loss for 2 consecutive years. 
 
For the nine-month period, STAR recorded a loss of 150 million baht, assuming to post another loss for this year’s operation as well, which caused STAR to become out-of-radar stock recently. STAR was once a popular stock, which was well known as toilet stock.!! 
 
The turning point of STAR was between 2016-2018 since the Company announced the capital increase by issuing and offering newly issued ordinary shares to existing shareholders as a source of funds for working capital to invest in 3 new businesses including 1) construction materials distribution 2) real estate and 3) advertising media production business.
 
After that STAR had an internal restructure, Company’s CEO resigned and the sanitary ware business was abolished, the toilet stock became only a legend.  
 
STAR since then turned to a lost star…Eventhrough STAR had once invested in waste management services in Australia, which was buzzing for a while, but in the end the company had internal problems causing STAR to not be able to recognize the revenue as expected, thus making STAR stocks silent again…
 
However, STAR lately plans to invest in Sitti International Company Limited (SITTHI), which is an agent of supply the consumer goods for distributing in Lao PDR, by acquiring 40% of SITTHI’s registered capital from Mr.Khamsone Sitthixay and Mr.Chanthone Sitthixay with the total transaction value at THB 140 million.
 
SITTHI is a newly registered company in June 2020, which was previously operated by Khouanchay Trading Import-Export Co., Ltd (KCT), a company that had been rumored to sign an MOU with STAR in 2018 in order to further invest in Lao PDR.
 
But this time SITTHI will be appointed by KCT to be an agent to supply the consumer goods for KCT to distribute in Lao PDR with a 7-year (2021-2027) minimum order guarantee of one billion baht and provides a commission rate to SITTHI at 6.5% of the purchase value each year. 
 
It is worth keeping an eye on STAR’s future, will this star stock light up again ..? Or will it be a star that no one cares about …
 