The share price of “PLANB-MACO” has fallen, fearing that it will be affected by the investment in Zipmex. Analysts estimate PLANB invest 70 million and MACO more than 140 million baht.
Today (Jul 21) the share prices of Plan B Media Public Company Limited (PLNB) and Master Ad Public Company Limited (MACO) have declined in contrast to the rising Thai stock market index. Because investors are worried regarding the case that the two companies invest in Zipmex Co., Ltd., the owner of the Zipmex platform, announced the suspension of the withdrawal of baht. Cryptocurrency is now
The PLANB price has dropped since the opening of trading. The lowest price is 5.65 baht, the highest is 6.15, before the close of trading in the morning at 6.05 baht, a decrease of 0.10 baht or 1.63%.
While MACO opened trading at 0.44 baht, the lowest price was 0.43 baht, the highest was 0.49 baht and closed in the morning trading at 0.48 baht, a decrease of 0.03 baht or 5.88%.
Research department Asia Plus Securities Company Limited or ASPS analyzed that in the case of Zipmex announced the suspension of the withdrawal of baht. Cryptocurrency has forced the price of ZMT to drop by more than 30%, and has also negatively impacted listed companies investing in Zipmex, including Plan B Media Plc (PLANB). Invested 70 million baht in Zipmex and Master Ad Plc. (MACO) invested 140 million baht.
The crypto market used to be very active, partly driven by excess liquidity in the system. But this year, the acceleration in interest rates Combined with the gradual reduction of the balance sheet, pressure on the liquidity in the system is reduced. including the crypto market For example, Bitcoin down 50%, Ethereum down 58%, Cardano down 62%, Solana down 75%, while the SET Index is down less than 7.1%.
