GLOBAL Falls 4-Day in a Row as Concerns Grow over Store Closures to Impact 3Q Revenue
The share price of GLOBAL fell a total 9% in the 4-day losing streak as concerns over store closures grow.
The share price of Siam Global House Public Company Limited (GLOBAL) fell ฿0.30/share or 1.40% to close the day at ฿21.10/share with a trading value of 273 million baht. GLOBAL closed lower for the fourth consecutive day.
The service sector is having a difficult time maintaining 3Q21 performance as the government’s lockdown measure, including closures of department stores and GLOBAL’s stores, and investors were raising concerns over the lower revenue and earnings in the third quarter of 2021, while there is no telling when will the lockdown measure be lifted.
The share price of GLOBAL dropped by a total of 9% during this 4-day plunge.
