The share price of Sabuy Technology Public Company Limited (SET: SABUY) surged more than 15% on Tuesday to nearly a two-month high at THB 8.55 per share on the report of foreign funds investing in the company’s shares.
SABUY published a statement Wednesday morning that over the past 6-8 months, there has been continuous interest from foreign funds in the company, expressing their intention to purchase shares for investment. The company has been in regular communication with investors throughout this period. However, during this timeframe, 1-2 foreign funds have expressed their specific interest in purchasing shares of the company, leading to ongoing negotiations. The company has coordinated meetings with 2-3 major shareholders to discuss various terms and conditions of the potential investment. Currently, the company has designated the major shareholders as the primary points of contact for any progress updates on this deal.
The company noted that these considerations are part of ongoing discussions between the funds and major shareholders. Regarding covering short positions, SABUY stated that the company has not issued any official statements on this topic. The company clarified that there have been no official announcements made by the company in this regard, and any news reported in the media should not be attributed to the company.
According to the Thai NVDR report, SABUY had the highest trading volume in the market yesterday and fifth in trading value.
Top 30 purchased shares in total volume.
| Symbol | Buy | Sell | Total | Net | %* |
| SABUY | 40,521,758 | 19,230,702 | 59,752,460 | 21,291,056 | 13.61 |
| WHA | 24,779,400 | 7,403,700 | 32,183,100 | 17,375,700 | 21.59 |
| TU | 16,500,014 | 3,502,805 | 20,002,819 | 12,997,209 | 33.23 |
| TTB | 32,623,145 | 22,719,100 | 55,342,245 | 9,904,045 | 24.69 |
| CIG | 12,816,400 | 3,450,000 | 16,266,400 | 9,366,400 | 3.70 |
| XPG | 23,616,500 | 14,743,700 | 38,360,200 | 8,872,800 | 7.25 |
| BANPU | 23,615,366 | 15,163,224 | 38,778,590 | 8,452,142 | 20.36 |
| DCON-W3 | 10,193,000 | 1,943,400 | 12,136,400 | 8,249,600 | 6.71 |
| VIBHA | 4,958,700 | 148,700 | 5,107,400 | 4,810,000 | 29.32 |
| TLI | 6,386,322 | 1,663,678 | 8,050,000 | 4,722,644 | 13.39 |
Top 30 purchased shares in total value
| Symbol | Buy | Sell | Total | Net | %* |
| PTTEP | 547,667,751 | 301,435,750 | 849,103,501 | 246,232,001 | 43.20 |
| CPALL | 428,764,703 | 211,092,714 | 639,857,417 | 217,671,989 | 28.70 |
| BH | 469,845,304 | 280,507,500 | 750,352,804 | 189,337,804 | 30.15 |
| TU | 233,134,130 | 49,457,261 | 282,591,391 | 183,676,870 | 33.14 |
| SABUY | 336,557,674 | 160,565,604 | 497,123,278 | 175,992,071 | 13.57 |
| CBG | 183,920,703 | 65,623,777 | 249,544,480 | 118,296,926 | 27.71 |
| WHA | 133,306,115 | 39,683,490 | 172,989,605 | 93,622,625 | 21.59 |
| ADVANC | 338,034,921 | 260,387,259 | 598,422,180 | 77,647,662 | 27.46 |
| IVL | 172,630,755 | 95,414,793 | 268,045,548 | 77,215,962 | 31.13 |
| BDMS | 307,787,063 | 231,789,725 | 539,576,788 | 75,997,338 | 24.23 |
Though there are no official report of short covering, Mr. Chookiat Rujanapornpajee, Chief Executive Officer of SABUY, told ‘Kaohoon’ that it is possible as SABUY has been shorted for the past six months for more than 113 million shares.
The CEO expected a better performance in the second half of this year from its synergy between subsidiaries. SABUY should be able to achieve its target of THB 12,000 million in revenue this year, up more than double from THB 5,300 million in 2022.
