Last Trading Day to Get SISB’s Bt0.076 Dividend Payment as CEO Expects 25% Growth in 2021
Last Trading Day to Get SISB's Bt0.076 Dividend Payment as CEO Expects 25% Growth in 2021.
Last Trading Day to Get SISB's Bt0.076 Dividend Payment as CEO Expects 25% Growth in 2021.
11 ส.ค. 2564

The share price of SISB Public Company Limited (SISB) has risen 55% since its low in March 2020 when the coronavirus outbreak hit the Thai stock market, and the economic activities came to a halt.
 
As the economy started to recover from the plummet, so did SISB. Even the company reported a decline of 30% YoY for its 2020 earnings, SISB still recognized a very strong 4Q20 net profit of Bt68mn (+3.2% YoY, +136.9% QoQ), while its 4Q20 normalized profit was Bt68mn (+3.6% YoY, +58.29% QoQ).
 
The resurgence of the coronavirus in December that dragged until late January does not seem to affect SISB much as both students and teachers are already familiar with an online session. Nevertheless, the school has reopened since early February and continued the session without any obstacles due to efficient protection measures.
 
In the Kaohoon TV Program lived on March 9, 2021, Mr. Yew Hock Koh, Chief Executive Officer of SISB, stated that the company is expecting to record a 20-25% growth in revenue and profit in 2021 as the operation returned to normal.
The driver in 2021 will be the expansion of Singapore International Thonburi, known as “Phase 2,” which will add 600 availability to the max capacity of Thonburi Campus from the existing 900 students. The opening of Phase 2 is expected to be within August 2021, and will increase SISB’s total capacity from all campuses to more than 4,500 students.
Moreover, the company had purchased a plot of land in Nonthaburi to establish another campus. The construction in the middle of 2021 and the opening of Nonthaburi Campus is expected to be around mid 2022.
Mr. Yew Hock Koh stated that SISB is a growth stock with consistent recurring income with a stable business outlook as the company continues to devote itself to raise students, the company also gains trust from the parents, which will result in further growth for SISB.
 
Lastly, the Board of Directors of SISB resolved to approve a dividend payment of ฿0.076/share to be paid on April 30, 2021. The ex-dividend date is March 10, 2021, meaning that today is the last day to purchase the share in order to gain the rights for a dividend payment.
 