Seamico’s continued gains prompts SET alert

The Stock Exchange of Thailand (SET) warned, on Tuesday, investors looking to trade Seamico Capital (ZMICO), a securities company, after the price rose irregularly. The SET flagged the stock in its alert list.

Shares of Seamico Capital closed the morning session by increasing 7.72 per cent before falling 1.63 per cent to 4.84 baht when afternoon trading began.

The short blip was only momentary as the stock began to rise again in the afternoon. The price per share increased by 2.64 per cent to 5.05 baht as of 3.25 pm, with a transaction value of 291 million baht, prompting the SET to warn investors to consider the fundamentals of the stock before deciding to buy shares.

SET notified that the share price of Seamico Capital has risen up around 120 per cent since February 22 when it was first put on an alert list requiring investors to pay the full amount in cash prior to trading.

“The main factors used as criteria for the restricted securities above are the turnover ratio, the trading value, and the price not corresponding with the fundamental factors such as price-to-earnings ratio,” the SET said.

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