Wake Up to the News: Floor Sales on Stocks Send MASTER, PSG, and PROEN Tumbling
The stock market woke up to a storm today as floor sales sent several individual stocks plummeting, with MASTER, PSG, and PROEN taking the hardest hits. The sudden drop in prices has left investors scrambling for answers, while company executives rush to reassure stakeholders.
Table of Contents
- MASTER Stock Takes a Dive Amid Major shareholder Sale
- Small Stocks Hit Hard: PROEN and PSG follow Suit
- What’s Behind the Sudden Sell-Off?
- Key Takeaways from Today’s Market Activity
- what’s Next for Investors?
- Margin Account concerns Addressed
- Market Reactions and Investor Sentiment
- Key Takeaways
- Looking Ahead
- Strong Q4 2024 Performance Expected
- 2024 and 2025 Financial Outlook
- Major Shareholders and Market Confidence
- Key Takeaways at a Glance
- Why MASTER Remains a top Pick
- PSG Shares: Sharp decline Amid Market Uncertainty
- MASTER Shares: Strategic Moves and Reassurances
- Margin Account Concerns Addressed
- Market Reactions and investor Sentiment
- Key Takeaways
- Looking Ahead
- Investor Advice
The MASTER stock price opened the day at a concerning low of 28.25 baht, a sharp decline from yesterday’s closing price of 40.25 baht. This drop followed news of a big lot transaction involving 11.37 million shares, or 3.8% of the company’s total shares, at an average price of 37 baht per share. The transaction, valued at 420.58 million baht, was 8% lower than the previous day’s closing price, sparking fears among investors.
By 1:30 p.m., Master Style Company (MASTER) held an urgent press conference from Indonesia.The company’s CEO, Laphatsrada, confirmed that the fundamentals of the business remained unchanged. following the press conference, the stock price rebounded slightly, closing at 32.25 baht, still down 8 baht or 19.88% for the day.The trading volume for MASTER reached 85.13 million shares, with a total trading value of 2,759 million baht.
Small Stocks Hit Hard: PROEN and PSG follow Suit
The ripple effect of the floor sales wasn’t limited to MASTER. Smaller stocks like PROEN and PSG also experienced significant declines. PROEN closed at 1.42 baht,down 0.62 baht or 30.39%,with 60.11 million shares traded and a total trading value of 92.93 million baht.
While details about PSG’s performance were less explicit in the report, the overall trend suggests that the stock was similarly affected by the market’s volatility.
What’s Behind the Sudden Sell-Off?
The big lot transaction involving MASTER shares appears to have been a key driver of the market’s downward spiral. The sale of 11.37 million shares to a fund was intended to increase free float, but the move backfired, triggering a wave of panic selling.
Despite the turbulence, Laphatsrada emphasized that the company’s fundamentals remain strong. “The basics haven’t changed,” she stated during the press conference, urging investors to remain calm.
Key Takeaways from Today’s Market Activity
| Stock | Closing Price | Change | Trading Volume | Trading Value |
|———–|——————-|————|———————|——————-|
| MASTER | 32.25 baht | -19.88% | 85.13 million shares| 2,759 million baht|
| PROEN | 1.42 baht | -30.39% | 60.11 million shares| 92.93 million baht|
| PSG | N/A | N/A | N/A | N/A |
what’s Next for Investors?
For investors,the day’s events serve as a stark reminder of the volatility inherent in the stock market. While the immediate future remains uncertain, the reassurance from MASTER’s leadership suggests that the company is committed to weathering the storm.
as the market continues to react, staying informed and vigilant is crucial. For more updates on MASTER, PROEN, and PSG, keep an eye on reliable financial news platforms like HoonSmart.
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This article is based on information from HoonSmart. For further details,visit the original source.PSG Shares Plummet 31.82% Amid Market Uncertainty,MASTER Executives Reassure Investors
In a dramatic turn of events,PSG shares closed at 0.30 baht, marking a significant drop of 0.14 baht or 31.82%. The trading volume reached 96.75 million shares, with a total trading value of 33.36 million baht.The sharp decline has raised eyebrows among investors, but major shareholders have stepped forward to clarify the situation, emphasizing that there are no Forcex shares involved and no margin-related issues.
The news comes as Master Style Company (MASTER), a key player in the market, also made headlines. Ms. Lapassarada Lertpanuro, CEO of MASTER, revealed that a large block of MASTER shares, totaling 11.37 million shares or 3.8% of the company, was sold at 37 baht per share during the morning trading session. The shares were sold by Mr. Rawiwat Maschamadon (Mor Se), a major shareholder and director of MASTER, to four foreign funds. These funds have agreed to a lock-up period of 6-12 months, a move aimed at increasing the company’s free float.
Ms. Lapassarada clarified that the sale was conducted on behalf of IN GLORY INVESTMENTS LIMITED, a company wholly owned by Dr. Se. She assured stakeholders that the shares were not forcibly sold and that the transaction was part of a strategic decision to enhance liquidity.
Margin Account concerns Addressed
Amid growing concerns, MASTER executives also addressed the issue of margin accounts. Approximately 27 million shares, representing 9% of the company’s total shares, are currently held as collateral in margin accounts. However, Ms. Lapassarada confirmed that these shares do not belong to the major shareholder or any affiliated group. she further stated that the sale of MASTER shares would not exceed 5% of the total shares and that no additional sales are anticipated in the near future.
Market Reactions and Investor Sentiment
the sudden drop in PSG shares has left investors questioning the stability of the stock. However, the reassurances from MASTER’s leadership have provided some relief. The company’s proactive approach to increasing free float and its obvious interaction regarding margin accounts have been well-received by market analysts.
Key Takeaways
| Aspect | Details |
|————————–|—————————————————————————–|
| PSG Share Price | closed at 0.30 baht, down 31.82% |
| MASTER Share Sale | 11.37 million shares sold at 37 baht/share to foreign funds |
| Margin Account Shares | 27 million shares (9% of total) held as collateral, not by major shareholders |
| Future Sales | No further sales expected; total sales capped at 5% of shares |
Looking Ahead
As the market digests these developments, investors are advised to stay informed and monitor updates from both PSG and MASTER. The strategic moves by MASTER’s leadership, including the sale to foreign funds and the clarification on margin accounts, suggest a commitment to maintaining investor confidence.
For more insights into the latest market trends and stock performance, explore our in-depth analysis here.
What are your thoughts on the recent developments in PSG and MASTER shares? Share your opinions in the comments below or join the conversation on our social media channels.
Stay tuned for more updates as we continue to track these evolving stories.MASTER Shares Poised for Growth as Operating Results Surge, Analysts Recommend “Buy”
MASTER, a leading player in the healthcare and surgical hospital sector, continues to demonstrate robust growth in its operating results, driven by strong performance from both domestic and international markets. Notably, the company has seen a significant uptick in sales from Indonesia, following strategic partnerships, and remains optimistic about the growth of profit-sharing from associated companies.
Strong Q4 2024 Performance Expected
According to Krungsri Securities, MASTER’s profit trend for the fourth quarter of 2024 is projected to reach approximately 200 million baht, marking a 22% year-on-year (YoY) and 83% quarter-on-quarter (QoQ) increase. This growth is attributed to record-high income from its surgical hospital operations and substantial profits from associated companies. However, the firm cautions that slower-than-expected interest rate declines could make growth stocks less attractive, leading to a derating of premium trading stocks. Despite this, Krungsri Securities maintains a “buy” recommendation for MASTER shares, with a target price of 58 baht.
Similarly, ASL Securities has reiterated its “buy” recommendation, setting a 2025 target price of 67.50 baht per share. The firm anticipates that MASTER will achieve a new high in the fourth quarter of 2024, driven by increasing demand from both Thai and foreign customers, as well as deferred income recognition from clients in the northern region. Net profit for the quarter is forecasted at 215 million baht, reflecting a 34.5% YoY and 96.5% QoQ growth.
2024 and 2025 Financial Outlook
For the full year of 2024, MASTER is expected to report revenue of 2,132 million baht and net profit of 518 million baht, representing growth rates of 11.2% and 24.5%, respectively. Looking ahead to 2025, preliminary forecasts suggest revenue and net profit will rise to 2,475 million baht and 624 million baht, marking 16.1% and 20.3% growth,respectively.
The company’s executives have set an enterprising target of 20% revenue growth from hospital operations, primarily fueled by increased income from foreign customers. Additionally, the OR (Operating Room) capacity remains sufficient, enabling an improvement in Gross Profit Margin (GPM) compared to the previous year.
The latest stock exchange data reveals MASTER’s top three major shareholders:
- Mr.Rawiwat maschamadol, holding 129,937,368 shares (49.22%)
- IN GLORY INVESTMENTS LIMITED, with 44,000,000 shares (16.67%)
- Mr. Phongsak Thamthatcharee, owning 6,609,870 shares (2.50%)
This strong ownership structure underscores confidence in MASTER’s growth trajectory and long-term potential.
Key Takeaways at a Glance
| Metric | 2024 Forecast | 2025 Forecast |
|————————–|————————-|————————-|
| Revenue | 2,132 million baht | 2,475 million baht |
| Net Profit | 518 million baht | 624 million baht |
| Growth Rate (revenue) | 11.2% | 16.1% |
| Growth Rate (Net Profit) | 24.5% | 20.3% |
Why MASTER Remains a top Pick
With its strong performance in both domestic and international markets, MASTER is well-positioned to capitalize on growing demand for healthcare services. the company’s strategic partnerships, particularly in Indonesia, have already yielded significant results, while its focus on expanding hospital operations and improving operational efficiency bodes well for future growth.
For investors seeking exposure to the healthcare sector, MASTER offers a compelling opportunity. Analysts’ “buy” recommendations and optimistic target prices reflect confidence in the company’s ability to deliver sustained growth and value.Stay updated on MASTER’s performance and market trends by following our latest insights.
(image source: HoonSmart)
The recent developments in PSG and MASTER shares have sparked notable market interest and investor concern. Here’s a breakdown of the key points and implications:
- PSG shares plummeted by 31.82%, closing at 0.30 baht, with a trading volume of 96.75 million shares and a total trading value of 33.36 million baht.
- The sharp decline raised concerns among investors, but major shareholders clarified that there are no Forcex shares involved or margin-related issues.
- The drop highlights market volatility and underscores the need for investors to closely monitor developments.
- MASTER, a key player in the healthcare and surgical hospital sector, saw a significant block of 11.37 million shares (3.8% of the company) sold at 37 baht per share by Mr.Rawiwat Maschamadon (Mor Se),a major shareholder and director.
- The shares were sold to four foreign funds, with a lock-up period of 6-12 months, aimed at increasing the company’s free float and enhancing liquidity.
- Ms. Lapassarada Lertpanuro, CEO of MASTER, reassured stakeholders that the sale was strategic and not forced, emphasizing that the shares were sold on behalf of IN GLORY INVESTMENTS LIMITED, a company wholly owned by Dr. Se.
Margin Account Concerns Addressed
- Approximately 27 million shares (9% of total shares) are held as collateral in margin accounts,but these do not belong to major shareholders or affiliated groups.
- MASTER executives confirmed that no further sales are expected, and total sales will not exceed 5% of the company’s shares.
Market Reactions and investor Sentiment
- The sharp decline in PSG shares has raised questions about market stability, but MASTER’s proactive measures and reassurances have provided some relief.
- Analysts have responded positively to MASTER’s strategic moves, including the sale to foreign funds and the clarification on margin accounts.
Key Takeaways
| Aspect | Details |
|————————–|—————————————————————————–|
| PSG Share Price | Closed at 0.30 baht,down 31.82% |
| MASTER Share Sale | 11.37 million shares sold at 37 baht/share to foreign funds |
| Margin Account Shares | 27 million shares (9% of total) held as collateral, not by major shareholders |
| Future Sales | No further sales expected; total sales capped at 5% of shares |
Looking Ahead
- MASTER is poised for growth, with strong operating results driven by domestic and international markets, notably in Indonesia.
- Analysts project Q4 2024 profit to reach 200 million baht, a 22% YoY and 83% QoQ increase, driven by surgical hospital operations and profit-sharing from associated companies.
- Krungsri Securities maintains a “buy” recommendation with a target price of 58 baht, while ASL Securities sets a 2025 target price of 67.50 baht per share.
Investor Advice
- Investors are advised to stay informed and monitor updates from both PSG and MASTER.
- MASTER’s strategic moves and strong operating results suggest a commitment to maintaining investor confidence, making it a stock to watch in the healthcare sector.
For more insights into the latest market trends and stock performance, explore our in-depth analysis here.
What are your thoughts on the recent developments in PSG and MASTER shares? Share your opinions in the comments below or join the conversation on our social media channels.
stay tuned for more updates as we continue to track these evolving stories.
