Report
EUR 13.72 For Business Accounts Only

TICON INDL.CONNECTN.PCL. sees a downgrade to Neutral on account of less fundamental stars

The independent financial analyst theScreener just lowered the general evaluation of TICON INDL.CONNECTN.PCL. (TH), active in the Real Estate Holding & Development industry. As regards its fundamental valuation, the title now shows 0 out of 4 stars while market behaviour can be considered defensive. theScreener believes that the title remains under pressure due to the loss of a star(s) and downgrades its general evaluation to Neutral. As of the analysis date December 18, 2018, the closing price was THB 14.50 and its target price was estimated at THB 13.77.
Underlying
Ticon Industrial Connection

TICON Industrial Connection Public Company Limited is a Thailand-based real estate developer engaged in the development of factories and warehouses for rent and sale, as well as the provision of construction services. It buys land and develops standard factory and warehouse buildings for leasing on flexible terms. The Company's properties are mainly located in industrial estates in Thailand, including Amata City, Amata Nakorn, Bangpa-In, Eastern Seaboard, Hi-Tech, Leam Chabang, and Pinthong industrial estates, among others. The Company also facilitates tenants in obtaining licenses, approvals, work permits, modifications and utilities. Its subsidiaries include ECO Industrial Services Company Limited, TICON Logistics Park Company Limited, Shanghai TICON Investment Management Company Limited and TICON Property Incorporation.

Provider
TheScreener
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