TEAMG on Pace to Winning Week, Surging 21% despite No Significant Developments

The share price of Team Consulting Engineering and Management Public Company Limited (SET: TEAMG) made a sharp gain in late morning session in the Thai stock market on March 31, 2022, jumping from a 2% increase at the open to a 10% gain at 11:25 and closing the morning session with a 21.08% gain at THB5.40 per share. 


According to Refinitiv, brokers’ consensus showed that TEAMG’s revenue will grow 17.25% in 2022 to record at 2,088 million baht. Meanwhile, net profit is expected to come in at 167 million baht, representing an increase by 49.72%, compared to 2021.


TEAMG has been on a rise in recent days, rising 7% on Monday, capping the ceiling on Tuesday and extending its gain on Wednesday by 2%. 

TEAMG made a clarification early Wednesday morning to the Stock Exchange of Thailand that there have been no significant developments that would affect the company’s securities trading volume or trading price after the company’s share price reached the ceiling on 29 March 2022.