Analyst sees long-term risk for Thai firm after purchase of Miss Universe Organisation

Jakkaphong Anne Jakrajutatip said that her company has set up its new subsidiary called JKN Metaverse Inc in the US to acquire five businesses owned by MUO. - Reuters

BANGKOK (The Nation/Asia News Network): An investment analyst on Thursday (Oct 27) pointed to a potential “long-term risk” for Thai company JKN Global Group Plc after its purchase of the US-based Miss Universe Organisation (MUO).

Kitpon Praipaisarnkit, vice president of UOB Kay Hian Securities Thailand, said that MUO’s annual revenue is estimated at 1.3 billion to 1.4 billion baht, which is much higher than the 800 million baht spent to acquire the organisation.