BWG Continues to Fall, Posting 8% Down after the Entrance of ETC

The share price of Better World Green Public Company Limited (BWG) dropped ฿0.06/share or 12.50% to ฿0.56/share at the opening bell on August 19, 2020, after a plummet of 14.67% in yesterday’s session as its subsidiary, Earth Tech Environment Public Company Limited (ETC), debuted the first trading day in the stock market.

 

The share price then erased the deficit to down 7.81% as of 11:30 in the morning session. Meanwhile, ETC’s share price fell 1.47% to ฿2.68/share after a small gain of 4.62% on its first trading day.

 

Mr. Kitpon Praipaisarnkit, Director of Strategist Department of UOB Kay Hian Securities (Thailand), stated yesterday that the movement of BWG is the same as Sri Trang Agro-Industry Public Company Limited (STA) when Sri Trang Gloves (Thailand) Public Company Limited (STGT) first traded in the market.

Mr. Kitpon also stated that prior to the first trading day of ETC, investors had been purchasing BWG as an indirect investment on ETC, which was why investors would choose to invest in ETC once it entered the market as the subsidiary has a promising outlook than its parent company. Normally, the parent company would trade at a discount price from its subsidiary.