Stocks in the news (kumwel, loxley, rs, sccc, spali) 01.08.19
KUMWEL: electrical contractor, Kumwell Corp, debut IPO 130m shares at Bt 1.1 apiece.
Comment: An IPO that has gone up! Either the trading gods have returned or perhaps these small IPOs are priced as expensively as they were for the past 2 years
LOXLEY: gets nod from government lottery office (GLO) to bid for new game “12 Thai Zodiac” to compete without underground draw.
RS: launch home shopping campaign, Gifts For Monday from August 1-15, to boost 3Q sales, maintain 30% FY19 revenue growth target above Bt 5b.
SCCC: report Bt 637m -38% yoy; missed Bt 879.5m estimate, pays interim Bt 4 dps, XD Aug 13.
Comment: Looks like the construction materials sector performance isn’t following the same story that the government likes to keep spouting
SPALI: to launch 2 SDH projects, Supalai Park Ville Rama 2 & Supalai Bella Kanjanapisek, worth Bt 2b, presales kick-off Sat, August 3.