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December 25, 2020
97
Thai and foreign funds. Kerry stock accounting earnings of more than 1.95 billion baht after the closing price on the first day soared 83% above reserves. Kerry delighted investors interested in the bustling business. Expect 3-5 year business income to grow by at least 20%. New rounds of COVID-19 boost sales volume
Thai and foreign funds Record immediate accounting profit of more than 1,950 million baht after the shares of Kerry Express (Thailand) Public Company Limited or KEX were traded on the Thai Stock Exchange. Thailand for the first time yesterday (December 24) closed at 51.25 baht, an increase of 23.25 baht or 83% from the reserve price of 28 baht.
By opening the market at 65 baht, a 132% increase from the reserve price during the day, the trading price fluctuates higher at 73 baht and lower at 46 baht.
KEX offers 300 million IPOs, divided into 191.70 million shares to domestic investors and 108.30 million to foreign investors, offering a price of 28 baht per share. Both national and international funds have 83.90 million shares assigned. Nationwide, Kasikorn Asset Management and Bualuang Asset Management are allocated 8 million shares each, 4.5 million shares of SCB Asset Management, Krung Thai Asset Management, MFC Asset Management Company, AIA 4 million shares each , UOB Asset Management (Thailand) and TISCO Asset Management, each 3 million shares, Kiatnakin Asset Management, One Asset Management and Thanachart Asset Management Co., Ltd. Main asset management, 1 million shares each
The eight foreign funds allocated consist of 13.90 million shares of GIC Private, the Singapore Government Investment Fund and 12 million shares under the direction of Capital Research.
JP Morgan Asset (Singapore) 4 million shares, New Silk Road Investments 4 million shares, Phil Investments 3.5 million shares, Magna New Frontier 2.01 million shares, Mattew International Fund, 1 million shares, Oak Emerging and Frontier 0.98 million shares
Mr. Issarin Phatramai Managing Director Investment Division Management, KEX, said that KEX’s opening price at the 65 baht level is considered satisfactory. That investors support And a great interest in the transportation services business.
Money received from this fundraiser The company plans to expand the business to support continued growth. Both in terms of service Expansion of investment in wholesale stores AND distribution To increase efficiency in commercial operations Support electronic commerce that will grow in the future
Initially, the company set an investment budget in 2021 at approximately 1 billion baht, which is the target set before the new round of COVID-19, with a 3-5 year revenue target that will grow by at least 20%. in line with the expansion of e-commerce.
For pricing strategy the company believes The cost of transportation in the future may see a reduction in line with the potential increase in competition in the future. But the company will try to cut costs. So that the company can keep the margin at the same level as before
The new COVID-19 outbreak recognizes that it has a positive impact on the company. Because some areas have been blocked especially Samutsakorn which will encourage the growth of online commerce. There may be some groups of customers ready to order online to support additional locks in the future if COVID-19 The new round is widely distributed. And more serious
If you look at the shipment during the first round of COVID-19 lockdown last April AND there is a lockdown in the country The number of shipments increased by 50%, or about 1.9-2 million units per day. Therefore, COVID-19 This time, the company also has to prepare the capacity to support the delivery of enough products.
“Today our delivery capacity is 1.9 million pieces per day. This time around, we think Thais have a better understanding of COVID-19 and are not very surprised. But volumes are likely to continue to rise because December is when there is a 12/12 special sale promotion, so there are still orders left throughout the month. Even if there is no new round of COVID-19, the delivery volume is already growing. But after this it can continue to increase. According to the growth of electronic commerce “
