TBN goes down the floor, SET warns of high speculation, Turnover Ratio 85%

2023-06-20 11:42:31

HoonSmart.com>>”TBN Corporation (TBN)”, a hot stock, just traded for the second day. cheap by the stock market Warned investors to consider the information carefully and cautiously before going ahead following trading conditions this morning (June 20, 2023) with high speculation, turnover ratio at 85%, the highest trading volume in the market, surpassing Delta and concentrated. The morning session jumped 144% from the final IPO price, closing the floor at 29.50 baht, while yesterday there was a big lot from existing shareholders of 9.5 million shares at a price of 20.75 baht / share, pulling small stocks down in a row, OTO fell -15.20%. Big Brother DELTA slumped 18.30%, affecting the index -21 points.

The Stock Exchange of Thailand (SET) warns investors to be careful and study the information carefully before deciding to trade TBN Corporation (TBN) shares due to today’s morning trading conditions (June 20). 2023) 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, 2023, 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.

Yesterday, there appeared a transaction of selling Big lot from existing shareholders in the amount 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

The warning launch in the followingnoon of June 20, 2023 immediately affected TBN’s share price, with strong selling pressure. Until the stock price closed at 29.50 baht, plunging 13 baht to 30.59% from the day’s highest price at 45.25 baht with a trading value of 4,387.97 million baht, higher than Delta stock (DELTA) traded at 4,382.78 million baht.

As for another bad stock, One To One Contacts (OTO), which had been hit 5 floors, although tried to stand up and close the day before. But today I can’t go Found selling pressure, closing at 2.90 baht, falling 0.52 baht or -15.20% from the highest run of 3.34 baht and the lowest of 2.62 baht.

For the big brother, DELTA closed at 96 baht, fell 21.50 baht or -18.30% from a high of 103 baht and a low of 90.75 baht, which affected the stock index down 21 points.

On the Stock Exchange of Thailand, on June 20, 2023, the index closed at 1,537.59 points, down 19.33 points or -1.24%, trading value at 45,983.21 million baht, with foreign investors returning to buy net 1,436.25 million baht, securities accounts bought net 689.22 baht and investors Thai investors bought a net of 580.38 million baht, while institutions sold a single group of 2,705.84 million baht.

Mr. Wichit Arayaphisit, Investment Strategist Liberator Securities said today’s stock market has declined, mainly from DELTA stocks, which have corrected a lot. If there is no DELTA, the market will be slightly positive as well. Because the overall picture of other stocks has pulled the index up to some extent. Like stocks in the energy, communications, banking, finance groups spread up.

Equities in most Asian markets were slightly negative. Like all European markets that traded this followingnoon, they were negative. due to concerns regarding the global economic slowdown And waiting to see the Fed’s comments this week. At the same time, the Fed chairman will have to make a statement to the lower house and upper house regarding the direction of the US economy on June 21-22.

for the Chinese interest rate cut that occurred The market has already realized People need more fiscal measures than monetary measures. because you will see results quickly But it still hasn’t come out concrete.

Investment trend tomorrow (June 21), the market will swing sideways with support 1,525 points and resistance 1,550 points.

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