BWG Hits the Floor, Plunging 14.67% as Investors Switch to a Promising ETC

The share price of Better World Green Public Company Limited (BWG) plunged 14.67% to ฿0.64/share as investors withdrew and invested in its subsidiary, Earth Tech Environment Public Company Limited (ETC) instead.

 

Mr. Kitpon Praipaisarnkit, Director of Strategist Department of UOB Kay Hian Securities (Thailand), stated that the movement of BWG is the same as Sri Trang Agro-Industry Public Company Limited (STA) when Sri Trang Gloves (Thailand) Public Company Limited (STGT) first traded in the market.

Mr. Kitpon also stated that prior to the first trading day of ETC, investors had been purchasing BWG as an indirect investment on ETC, which was why investors would choose to invest in ETC once it entered the market as the subsidiary has a promising outlook than its parent company. Normally, the parent company would trade at a discount price from its subsidiary.