Today, biotech stock BKGI added +22%, bringing its P/E to 100x.

Today, biotech stock BKGI added +22%, bringing its P/E to 100x.
Yesterday, Bangkok Genomics Innovation Public Limited, or BKGI, entered trading on the stock exchange for the first time.

The offering price for the IPO is 1.67 baht per share.
The company's value represents 1,002 million baht
The P/E is 31 times earnings in 2023

Yesterday, BKGI's share price jumped 169.9% in one day to 4.4 baht per share.
The company's value represents 2,640 million baht
It has a P/E of 82 times

For today, the morning market opened with BKGI continuing to rise +22.7%.
This increased the company's value to 3,240 million baht.
This stock is currently trading at a P/E of 100x.

Or if the company's profits are the same every year. Go continuously
It takes 100 years to reinvest to own this stock.
Unless the company's earnings continue to grow, causing the P/E to decline over time.

Which if calculated from the IPO price
Now BKGI's stock price has risen more than 223% in just two days.

So what work does BKGI do?

The company has a laboratory. Providing medical diagnostic services

BKGI provides genetic testing services that use advanced innovation. Including a variety of other basic analysis tests covering services from pregnancy to old age

There is a service for analyzing the detailed genetic code of individuals (DNALL) for the direct use of genetic information in health care.

To get past operating results
In 2022, the income is 320 million baht, with a profit of 75 million baht.
In 2023, income reached 247 million baht and profits reached 32 million baht.

The percentage of income in the last year comes from
– Screening for genetic abnormalities in reproductive health 83.7%
-Infectious disease group analysis 9.2%
– Technology and other businesses 7.1%

Warning: This post is just a presentation of information. I do not recommend buying or selling in any way.
Investing is risky. Please study the information fully before making an investment decision.