Thursday, October 22, 2020

JKN share price rockets more than 90%

Sep 23. 2020
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By THE NATION

Shares in content manager and distributor JKN Global Media (JKN) reached a new high of Bt11.90 on Tuesday before closing at Bt11 per share.

The JKN share price has risen 90.4 per cent from its September 1 level of Bt6.25.

The current price was defined as “expensive”, surpassing the estimates of several analysts.

Yuanta Securities said the price was being driven up by two factors: the company’s strong performance and its decision to shift from the Market for Alternative Investment (MAI) to the Stock Exchange Thailand (SET) Index.

Yuanta analyst Thakol Banjongruck forecast stronger overseas sales would drive JKN past its previous annual growth estimate of 6 per cent to Bt268 million net profit in 2020.

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