SISB Gains 6% on Reports of Major Expansions to Raise Capacity over 8,000 Seats by 2025

Prices of Thai-listed school operators in the market rose more than 6% on Wednesday after the report of a plan for another expansion to support increasing demand for international schools in the kingdom, according to Finansia Syrus Securities.

The stock price of SISB rose by 6.4% from THB 31.25 to THB 33.25 as of 03:52 p.m. (GMT+7, Bangkok Time) on Wednesday, after the report of SISB Public Company Limited (SET: SISB) planning to expand more capacity to its school, including 300 seats at Pracha-Uthit, 900 seats at Thonburi, and 300 seats at Chiang Mai branch with the total seats around the country of 8,065 in 2025.

SISB Public Company Limited (SET: SISB) has 4,125 students (73% Thai and 27% foreigners) in its schools at the end of Q3/23 and expects Q4/23 to add up to 4,180. The profit in Q4/23 is foreseen to reach a new high, while the executives expected the number of students in 2024 to 2026 to increase by 400 each year.