Sonic Interfreight Pcl. Advances Its Business Potential with an Eye on Growth To Be Leader in Integrated Logistics and Supply Chain Management in ASEAN

Stocks and Financial Services Press Releases Friday October 19, 2018 18:02
Bangkok--19 Oct--MT Multimedia

Sonic Interfreight Pcl. (SONIC), a leading regional provider of integrated freight and logistics services, is ready to be traded in the Market of Alternative Investment (MIA) for the first time on October 19 with full confidence of positive investors' response. SONIC executives are prepared to go full steam with plans to increase freight trucks to handle increasing land and cross-border transportation demands; develop modern goods collection and distribution centers; purchase commercial buildings as a branch in Laem Chabang; and develop an information system to boost capacity to serve customers more effectively, all with an aim to propel SONIC to be the leader in integrated logistics services and management in ASEAN.

Dr.Santisuk Kosiarpanant, CEO of Sonic Interfreight Pcl. (SONIC), a leading regional provider of integrated freight and logistics services, has revealed that the company will list its shares for trading in the MIA for the first time on October 19 under the symbol SONIC. He expressed confidence the company's stock will receive positive investors' response because of the company's growth-oriented policy and plan to increase its business potential in providing a high-efficiency, integrated logistics system management to respond to customers' demand and future growth stemming from Thailand's sustained export expansion.

SONIC's current investment plans include: 1. Increasing the number of trailer trucks, trailers and trucks to expand services for land and cross-border transport to enhance service coverage; 2. Improving and modernizing facilities for collecting and distributing goods to increase efficiency in the management and distribution of goods and services; 3. Purchasing land and commercial buildings for a branch in Laem Chabang to lower rental costs in the long term; and, 4. Developing an information system as a tool to collate and analyze information for further operational improvement.

"All these investments will help us better provide a more efficient integrated logistic services and management, which will have a positive impact on our ability to provide an integrated management model as a One Stop Service and help SONIC grow sustainably as the leading integrated logistics services and supply-chain management provider in ASEAN," Dr. Santisuk said.

Mr.Akekajak Buahapakdee, managing director of Capital One Partner Co., Ltd., a subsidiary of Globlex Securities Co., Ltd., as the financial consultant and underwriter, says SONIC has a strong business and growth potential as Thai exports and imports continue to grow. This is the result of Thailand's advantage as the center of the ASEAN region while the government puts in efforts to attract foreign investments to establish manufacturing bases for export to all regions in the world.

As a provider of integrated logistics services covering freight forwarding to neighboring countries via air, sea and land, SONIC has a competitive edge over its competitors. Furthermore, the company has a global network of allied companies, which enables it to provide integrated services for freight forwarding in various modes in response to customers' logistic needs.

"With over 20 years of experience and a clear vision, SONIC has planned more investments to boost its competitive edge in providing integrated services to respond to customers' growing demand along with increasing exports. Such developments will result in growing revenue and initial profitability for the company," Mr.Akekajak says.

Latest Press Release

Photo Release: CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN

Tengku Dato' Sri Zafrul Aziz, Group CEO of CIMB Group (right), and Brad Garlinghouse, Ripple CEO (left) commemorating the strategic collaboration between CIMB Group and Ripple to power instant payments across ASEAN at the Singapore FinTech festival 2018...

CIMB Group Joins RippleNet to Power Instant Payments Across ASEAN

CIMB is one of the first banks to leverage blockchain technology to tap into region's USD120 billion remittance business CIMB Group ("CIMB" or "the Group") and Ripple have entered into a strategic collaboration to enable instant cross border payments...

Fitch Rates EXIM#s USD Senior Notes #BBB+(EXP)#

Fitch Ratings has assigned an expected rating of 'BBB+(EXP)' to Export-Import Bank of Thailand's (EXIM, BBB+/Stable) five-year senior unsecured notes of up to USD300 million. The notes will be issued under the bank's USD1.5 billion medium-term note (MTN)...

KTC joins hands with partners to launch new payment method Garmin Pay.

Mrs. Pittaya Vorapanyasakul (right center), Executive Vice President - Credit Card Business, "KTC" or Krungthai Card Public Company Limited together with Mr. Krairop Luang U-Thai (left center), General Manager, GIS Company Limited, Miss Aileen Chew...

Photo Release: Newly redesigned K-Cash Connect Plus website to facilitate business customers

Mr. Silawat Wantivisat, KBank Executive Vice President, introduced the newly redesigned K-Cash Connect Plus website, which is more user-friendly for business customers to facilitate their online financial transactions and data verification with greater...

Related Topics