JKN Gains 3% in Delight of Cooperation with GMM 25, Analyst Recommends “BUY” at ฿12.40

On 6 June 2019, JKN Global Media Public Company Limited (JKN) closed in the morning session at THB8.15, increased THB 0.20 or 2.52%. The highest price was at THB8.25 and lowest was THB7.95 with a trading value at THB 63,022,000. JKN’s share price rises three days in a row after the announcement of the cooperation with GMM 25 to broadcast a copyright of CNBC content which will be on air on 1 July 19.

KTB Securities (Thailand) recommended to “BUY” JKN at a target price of THB 12.40/share. KTB informed that KTB points out another step of JKN’s growth plan from a distributor to a content producer which being a content producer such as JKN CNBC will help supporting a long term growth of JKN. Moreover, JKN is a content leader of the market while trades at PER 14.8x which is lower than peer (44.3x).