Thai Stock Market Roundup Sep. 17
A short summary to inform you of what is going on in Thai stock market on September 17, 2018.
– CPN forms two new subsidiaries worth ฿71M. to support its business expansion.
– GLAND’s directors pass the torch to CPN Group to take 5 positions to administer GLAND’s New Policy.
– STA hikes 7%, highest in 8 months. The changing of business structure in selling rubber gloves may have been the source to drive the shares higher.
– KTB Securities reveals 12 shares worth buying as their market prices are lower than the fair value.
– TAPAC’s profits in 3Q18 has decreased 51% to only 29.82 million baht from 61.13 million YOY as the European economy has slowed down, causing construction projects to decrease.
– SCN adds additional 19% stake in solar power plant project in Myanmar to make its total stake increase to 49%. The IRR will yield no less than 10% yearly.
– GRAMMY has united with Dailymotion to expand online channels.
– PSTC aims to increase its revenue to 200% this year, hoping to get the north-east oil pipe project.
– SPI signs MOU with PTTGC to develop Thai’s textile waste to global market.
– NGO leads locals submitting a file with the court regarding an illegal certificate that Energy Regulatory Commission (ERC) had issued to GUNKUL.
– LANNA issues a ฿0.45 dividend. XD 1 Oct.
– The local institutes has changed from ฿3.4bln buying to ฿1.1bln selling today, while the proprietary trading, foreign investors and local individuals finish the day with almost ฿1.1bln of buying.
– SET closed at 1,718.39 points, sank 3.82 points or 0.22% after hearing the possibility of imposing 200 billion dollars import tariffs, and that China will likely to decline the invitation offer made by the U.S. to discuss about the trade war.