EA Soars 3% to ฿50.25, Having 4,558 Units Subscription for “MINE Mobility”
With a positive sentiment from Bangkok International Motor Show 2019, EA rose 3% in the morning session on April 9, 2019.
The price of Energy Absolute Public Company Limited (EA) in the morning session rose ฿1.50/share or 3.08% to ฿50.25/share with a trading value of THB 780 million. The highest price was ฿50.25/share and the lowest was ฿49.25/share.
The share price rose as the new EA’s electric vehicle, MINE Mobility, gained popularity in the Bangkok International Motor Show 2019 with 1,058 units subscribed in the event. Moreover, EA also signed an MOU with Suvarnabhumi Pattana Credit Union Cooperative Limited, taxi service operator, for a prior subscription of 3,500 units, making the overall subscription of MINE Mobility rose to 4,558 units. EA estimates that the subscription of MINE Mobility will reach 5,000 units this year.
KTB Securities (Thailand) has a positive view on EA seeing the high subscriptions for MINE Mobility around 4,500 units would yield a net profit, by estimation, of 20% or THB 900 million.
