Fund sweeps “Kerry” profit, first day trading above 83% reservation, COVID-19

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Thai and foreign funds. Kerry stock accounting profit of more than 1,950 million baht after the first day’s closing price soared 83% above reserve. Kerry delighted investors interested in the bustling business. Expect 3-5 years of business income to grow at least 20%. New rounds of COVID-19 boost sales volume

Thai and foreign funds Record an 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 Stock Exchange of Thailand. Thailand for the first time yesterday (24 Dec) closed at 51.25 baht, an increase of 23.25 baht or 83% from the reservation price of 28 baht.

By opening the market at 65 baht, an increase of 132% from the reserve price during the day, the trading price fluctuates the highest at 73 baht and the lowest at 46 baht.

KEX offers 300 million IPOs, divided into 191.70 million shares to domestic investors and 108.30 million foreign investors, offering a price of 28 baht per share.Both domestic and international funds are allocated 83.90 million shares. Domestically, 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. Principal Asset Management, 1 million shares each

The eight allocated foreign funds consist of 13.90 million shares of GIC Private, the Singapore Government Investment Fund, and 12 million shares under the guidance 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 Chief Executive Officer Management of the Investment Division, KEX said that the opening price of KEX at the level of 65 baht is considered satisfactory. That investors support And an overwhelming interest in the transportation service business

The money received from this fundraising The company plans to expand the business to support continuous growth. Both in terms of service Expansion of investment in wholesale stores And distribution To increase efficiency in business operations To support e-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 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 reduce costs. So that the company can still maintain the margin at the same level as before

The new COVID-19 outbreak acknowledges that it has a positive impact on the company. Because some areas have been locked down Especially Samutsakorn Which will encourage online trading to grow There may be some groups of customers ready to order online to stock up for additional lockdowns in the future if COVID-19 The new round has a wide distribution. And more serious

If you look at shipping during the first round of COVID-19 lockdown last April And there is a lock down in the whole country The number of shipments increased by 50%, or around 1.9-2 million units per day. Therefore, COVID-19 This time, the company has to prepare the ability to support the delivery of enough products as well.

“Today our delivery capacity is 1.9 million pieces per day. This time, we believe Thais understand COVID-19 better and are not very shocked. But the volumes are likely to continue to go up because Dec. is when there is a special sale promotion 12/12, so there are still remaining orders throughout the month. Even if there were no new rounds of COVID-19, the delivery volume would have grown But after this it may continue to increase According to the growth of e-commerce “

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