MONO Plunges 6.67%, Hits an All-Time Low after Facing a Consecutive Loss

The share price of MONO continues to decrease its value for 4 consecutive days, today at 15:03, the share price was at 0.84 baht/share dropped 0.06 baht/share or 6.67%. On 24 January 2020, the share price closed at 0.98 baht/share, currently the price decreased 0.14 baht/share or 14.29% which hit the lowest point since MONO has entered to the Stock Exchange of Thailand

The analyst recommends to “sell” the MONO’s stock at a target price of 1.20 baht/share as the outlook was not good enough after 2 years. The company still faces a loss as a high competition of digital TV business.

With the deficit of MONO, the analyst expected that the company would not distribute the dividend and would continue in the loss zone, by estimating from the overall financial performance of 2019 – 2020, MONO lost 562 million baht in 2019 and 336 million baht in 2020.