BLESS closes the first trading day at 140 baht, the price is unchanged from the IPO price of 1.40 baht, the trading value is 1,574.06 million baht, from the opening price of 1.56 baht, the highest price is 1.71 baht, the lowest price is 1.40 baht.
Finansia Syrus Securities (a distributor of BLESS’s IPO) stated in the analysis that Bless Asset Group Public Company Limited (BLESS) operates in the development of low-rise residential properties. Mainly Mid-to-Low and developing 1 Low Rise condo with a brand covering all customer groups Emphasis on the design of functions to meet the highest consumer demands. Located on a potential location in Bangkok and its vicinities at a reasonable price driven by the experience of executives in the real estate industry for more than 20 years
The growth factor came from a solid low-rise market. This will also benefit from government stimulus measures and the easing of LTV. We forecast 3 year earnings +26% CAGR from focusing on selling and transferring existing projects. plus plans to launch new projects
Finansia Cyrus estimates the price target for 66 at 1.50 baht.
By InfoQuest News Agency (07 Jul 65)
Tags: BLESS, IPO, Thai stocks, Bless Asset Group