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Investors are requested to use caution when trading MGI securities
The SET urges investors to exercise caution when trading the Company’s securities. Miss Grand International Public Company Limited (MGI) as the price continued to rise with a high turnover over the 5 working days that began trading on mai stock exchange, totaling +255.56% from the IPO price of 4.95 baht and an average turnover of 995.36 million baht.
In particular, on December 18 – 19, 2023, the price has risen to the ceiling price of the day until there is no volume of shares offered for both business days.
In the morning session of trading today (December 20, 2023), the price peaked at the ceiling price of Bt20.10 (+29.68%) before dropping sharply to a low of Bt13.60 (-12.26%), closing this morning at Bt17.60 (+13.55%) with the No. 2 turnover (SET+mai) at Bt1,318 million. It has a P/E and P/BV of 41.81x and 7.97x, respectively.
The SET therefore urges investors to exercise caution and consider fundamental factors. Moreover, MGI’s trading conditions before making an investment decision.
Source : Stock Exchange Investors are requested to use caution when trading MGI securities.
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