Stock trade warns buyers: Tread fastidiously on OTO shares

Following irregular buying and selling of One to One Contacts Plc (OTO) shares, the Stock Exchange of Thailand (SET) issued a warning for buyers to be cautious and examine data totally. OTO, which provides outsourced contact centre providers to government agencies and corporations, confronted a spike in trading volume, primarily concentrated among a few traders.
Previously positioned under the Level 1 trading regulations on June 6 by SET, OTO’s share movement witnessed a decline before the current upswing on June 12-13. The change subsequently issued a statement advising investors to contemplate carefully earlier than buying and selling in OTO shares.
The SET additionally requested brokers and related authorities dealing with OTO securities to oversee trades and stop any potentially inappropriate trading orders, in accordance with the Securities and Exchange Act. OTO clarified in a filing to the SET that the stock value fluctuations don’t impression the company’s operations.
In a week, the inventory worth of OTO has reduced by 54.3%, based on SET. Kanawuthi Wattanadhirach, chairman of OTO’s govt committee and CEO, said in a filing…
“If there are any developments that have an result on any of the company’s important business operations, we’ll notify traders and cling to relevant regulations.”
Furthermore, Secrets introduced Kanawuthi’s resignation, effective from July 1, with Bandit Sapianchai, the current deputy chairman, taking on. Bandit mentioned that OTO had inked a cooperation settlement with Wave BCG, a Wave Exponential subsidiary concerned within the clear vitality enterprise, offering a full range of carbon credit trading providers.
With an curiosity in adopting technologies to combat climate change, OTO is looking to increase its venture into carbon credit score and renewable power companies. Bandit additionally highlighted the company’s plan to grow investments in renewable vitality power initiatives to generate recurring income, which can help its operating efficiency in 2023, reported Bangkok Post…

Leave a Comment