2024-03-21 03:13:02
March 21, 2024
Today, biotech stock BKGI has added +22%, becoming a P/E stock of 100 times.
Yesterday, Bangkok Genomics Innovation Public Company Limited or BKGI entered trading on the Stock Exchange for the first day.
The IPO offering price is 1.67 baht per share.
Representing a company value of 1,002 million baht
and has a P/E value of 31 times compared to profits in 2023
Yesterday, BKGI’s share price jumped 169.9% in one day to 4.4 baht per share.
Representing a company value of 2,640 million baht
and has a P/E value of 82 times
For today, the morning market opened with BKGI continuing to run +22.7%.
Resulting in the company’s value increasing to 3,240 million baht.
and this stock It is currently trading at a P/E multiple of 100 times.
Or that is, if the company’s profits are the same each year. go continuously
It takes 100 years.. to return the investment for holding this stock.
Unless the company’s profits keep growing, causing the P/E to decrease over time.
which if counting from the IPO price
Now BKGI stock price has risen more than 223% in just 2 days..
So what business does BKGI do?
The company operates a laboratory. and provide medical diagnosis services
BKGI provides genetic testing services that use advanced innovation. Including a variety of other basic analysis tests that covers services from pregnancy to old age
And there is a detailed genetic code analysis service for individuals (DNALL) in order to directly use genetic information in health care.
For past operating results
In 2022, there is an income of 320 million baht with a profit of 75 million baht.
In 2023, there is an income of 247 million baht and a profit of 32 million baht.
Proportion of income in the latest year comes from
– Screening for genetic abnormalities in reproductive health 83.7%
-Infectious disease group analysis 9.2%
-Technology work and others 7.1%
Warning: This post is only a presentation of information. Not recommending to buy or sell in any way.
Investing is risky. Please study the information completely before deciding to invest.
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