TBN tumbles 30.59% after SET warns of high speculation – P/E soars 74x : InfoQuest

2023-06-20 10:55:55

Stock news17:482023-06-20

TBN’s stock price fell to the floor by 13.00 baht, or down 30.59%, to 29.50 baht, trading value at 4,387.97 million baht from the opening price of 42.50 baht, the highest price of 45.25 baht and the lowest price of 29.50 baht, which is today’s closing price. After entering the first day of trading yesterday (June 19, 2023), the first trading day was closed 150.00% above the reserve, closing at 42.50 baht.

This afternoon, the Stock Exchange of Thailand (SET) warns investors to be careful and study information carefully before making a decision to trade TBN Corporation Public Co., Ltd. (TBN) due to today’s morning trading conditions (June 20). ’23) found that there was high speculation with a turnover ratio of 85%, the morning closing price of 41.5 baht (144% increase from the IPO price), with the highest trading value of 3,591 million baht (yesterday, June 19). 66 at 2,438 million baht) and concentrated trading (both buy and sell) at 39% of the total turnover, currently has a P/E and P/BV of 74.85 times and 7.93 times, respectively.

While yesterday there was a sale of Big lot from the existing shareholders of 9.5 million shares at a price of 20.75 baht per share, the details of which are as specified in the information memorandum. (See more details from TBN’s news on June 16, 2023 at the SET website. www.set.or.th)

SET Therefore, investors are requested to consider carefully before making trading decisions. In addition, all member companies are requested to closely and strictly supervise the trading and operations related to TBN securities. To prevent the sending of trading orders that may be inappropriate. or not according Securities and Exchange Act

by InfoQuest News Agency (June 20, 2023)

Tags: TBN, SET, Stock Exchange of Thailand, TBN Corporation, Thai stocks
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