The SET warns investors to be careful when trading “MGI shares” after they jumped 255% from the IPO price of 4.95 baht, with an average trading value of 995.36 million baht, hitting a shilling 2 days in a row.
December 20, 2023 Stock Exchange of Thailand Stated that investors are asked to exercise caution when trading securities.Miss Grand International Public Company Limited (MGI) Because the price continued to increase with a high trading value throughout the 5 business days it started trading on the stock exchange, a total of +255.56% from the IPO price of 4.95 baht and an average trading value of 995.36 million baht.
Especially on December 18 – 19, 2023, the price increased to the ceiling price of the day (Ceiling) until there was no stock left for sale (Offer) for the two business days.
In the morning of trading today (20 December 2023), the price fluctuated, rising to a high at the ceiling price of 20.10 baht (+29.68%) before quickly falling to a low of 13.60 baht (-12.26%) .
It closed this morning at 17.60 baht (+13.55%) with trading value number 2 (SET+may) at 1,318 million baht, with P/E and P/BV of 41.81 times and 7.97 times, respectively.
Stock Exchange So investors are asked to be careful and consider fundamental factors. along with MGI’s trading conditions before deciding to invest.
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