PACO, an auto air condition part manufacturer, President Automobile Industry pcl, debuts today, 260m shares IPO at Bt1.4 apiece.
Comment: BOOM, small name, same float, great first day pop.
PPS sets Bt500m revenue target this year, +10% yoy, GPM at 24%, supported by Bt563m backlog, of which Bt300-400m to book this year.
S sets Bt20b revenue target by 2023, seeks shareholder approval for investment in IE and PP worth Bt3.8b, while property business backlog stands at Bt5.22b.
Comment: Still doubt the quality of the management across the group companies. But it doesn’t matter a POS can still give great returns when the situation goes from super-$hit to less $hit (yes these are technical investment terms that are laid out in the CFA program)
SPACK anticipates ATH profit this year after secured box packaging order for canned & frozen foods products, expects strong margins from higher utilization rates and location advantage as client’s factory nearby existing rubber gloves client, will wrap up 3 more contracts from Malaysia, India and TH clients this year.
SVOA expects meaningful turnaround, supported by strong contributions from leasing and IT subsidiaries including IT, LIT and SPVI.
Comment: Should be performing far better than it has…makes you question quite a few things.