Thai Stock Market Roundup
A short summary to inform you of what is going on in Thai stock market on September 5, 2018.
– TPLAS jumps 61% on its first trading day to close at ฿2.38/share (IPO ฿1.48)
– PTT will hold a Board and Directors meeting on September 6, 2018 to elect 5 new executive administrators to replace the retired officers at the end of this month.
– ESSO announces ฿0.20/share dividend XD Sep. 18
– MAKRO enters Myanmar to expand retail/wholesale business, establishing a new subsidiary with almost 10 million baht paid-up capital.
– Statistic shows that purchasing power will grow 4-6 months prior Thai election date, resulting in increase of Thai shares in stock market. However, a selloff will come right before the election date.
– Airlines to Japan temporary paralyze as Typhoon Jebi hit Kansai Airport
– LHK (Lohakit Metal) estimates 10% growth this year from ฿3.4 billion to ฿3.7 billion.
– CK (CH. Karnchang) will receive 26.5 million baht from dismantling gas distribution pipeline project.
– HANA (HANA Microelectronics) has increased to 34% in two months.
– BKD books ฿3 billion as architectural and interior decorator from Myanmar’s residential project.
– SIAM-TTCL joins hand with Idemitsu Kosan to export torrefied wood pellets to Japan
– NWR (Nawarat Patanakarn) is positive on gaining profit in 2018 after winning the “Khlong Dan” lawsuit for 300 million baht.
– GUNKUL (Gunkul Engineering) will sign a contract with PEA (Provincial Electricity Authority) to develop the micro grid system on Sep. 7
– SET closes in red, all but 3 left in green. SET closes at 1,686.37, decreases by 28.04 with 60 billion baht in value. Only BDMS, SPRC and HANA gains.