World-renowned international funds (eg Templeton Fund, etc), awell as domestic funds, have executed big-lot transactions to buy a total of 41.066 million JWD shares, which reflects JWD's strong fundamentals and will reduce the volatility in the stock's prices. After JWD's 132% jump in net profit to THB 333 million in 2015, the company's shareholders have declared for the Sep-Dec'15 results a stock dividend valued up to THB 210 million, consisting of up to 420 million ordinary shares with a par value of THB 0.50 each, at 10 existing ordinary shares per seven new shares. The ex-dividend date will be 4 May, the book closing date 11 May and the dividend date 23 May.
Dr Eakapong Tungsrisanguan, Chief Financial Officer of JWD Infologistics Public Company Limited, or JWD, Thailand's leading provider of fully integrated land-based logistics services, revealed that, JWD's stock has attracted interests from international funds that are confident in JWD's strong fundamentals, and that, most recently, a total amount of 41.066 million JWD shares, which represents 6.84% of the company's paid-in registered capital, have been bought by those funds in big-lot transactions with the company's major shareholders, namely, Ms Amornphan Banditkritsada (28.066 million shares) and Ms Atchara Nimitpanya (13 million shares).
The transactions will not lead to a change in management or business approach, but they reflect the international funds' confidence in JWD's strong fundamentals and competitiveness, which have contributed to impressive growths in the past and enabled the company to grow its logistics business both domestically and across the Asean region and aim for Asean leadership in the fully integrated land-based logistics industry in the future.
“We have regularly joined roadshows, where we met international institutional investors who expressed their interests in our stock. Presence of institutional investors will lower the level of volatility in stock prices," he said.
The CFO added that, at the 2016 annual general meeting, held on 26 April, JWD's shareholders approved for the Sep-Dec'15 results a stock dividend valued up to THB 210 million, consisting of up to 420 million ordinary shares with a par value of THB 0.50 each, at 10 existing ordinary shares per seven new shares, in hope of increasing liquidity. The ex-dividend date will be 4 May, the record date (for both stock and cash dividends) 10 May, the book closing date 11 May and the dividend date 23 May.
JWD achieved dramatic growths in 2015, recording a net profit figure of THB 333 million, a 132% year-on-year jump, and a total revenue figure of THB 2.385 billion, an 8.1% year-on-year rise, due to healthy revenue growth rates of various segments, including dangerous cargo storage and management (9.8%), cold and frozen cargo storage and management (33.8%), integrated document and data management (13.1%) and domestic and cross-border cargo transport (24.9%). It also successfully enhanced cost efficiency and, hence, the overall competitiveness.