The share price of Master Style Public Company Limited (SET: MASTER) at the closing of the morning session on Thursday has nosedived 20.50% to THB 32.00 per share. The lowest price during the session was THB 28.25 and the highest was THB 36.25, with a total trading value of THB 1.11 billion.
On Thursday morning, there was one big-lot transaction of MASTER at around 11.36 million stocks, totaling THB 420.57 million at the average price of THB 37 per share, which is lower than yesterday’s closing price of THB 40.25 per share.
Over three trading days (13-15 January 2024), MASTER price has continuously fallen from THB 47.00 on 10 January to the recent price of THB 32.00 (16 January), the price has gone down for a total of 32%.
Meanwhile, the total amount of stocks sold during the morning session of 11,366,900 shares, if compared to all paid-up shares of MASTER, the sold shares accounted for around 3.76% of the company’s stake.
According to the data at the end of November 2024 from the Stock Exchange of Thailand, a total of MASTER’s 27,149,147 shares have been put on collateral margin across trader’s accounts, representing a total of 9% of MASTER’s paid-up shares.
Based on information published in the Thai Exchange, Mr. Raweewat Maschamadol held 49.22% of MASTER’s shares, while In Glory Investments Limited held 16.67% of the company’s shares.
In Glory Investments Limited is a holding company incorporated in Hong Kong in which Mr. Raweewat Maschamadol holds 100% stake.
Following a sharp decline in share price, Krungsri Securities has pointed out that:
- The buyer and seller of the morning big-lot transaction has not been identified yet.
- The 9% collateral margin of MASTER’s share, totaling around 27 million shares.
- Consensus lean toward strong 4Q24 profit of around THB 200 million (+22% year-on-year and +83% quarter-on-quarter), due to a new-high revenue from cosmetic surgery hospitals and high profits from joint ventures.
- Based on the trend of easing policy rates, growth stocks are losing their popularity. Stocks with premium value got derated.
