Thai Stock Market Roundup January 16, 2019

– SCB increased “default rate” to 28%, effectively January 16, 2019 onwards.

– IRPC appointed “Noppadol” as President, Director and Member of Risk Management Committee.

– BSM projected over ฿1 billion of revenue in 2019 from construction and real estate business.

– EGCO completed a ฿2.62bln. deal to hold 49% of 1,823MW “Paju ES” power plant.

– IVL took an Indian Fibers & Yarn business, aiming for 57% stake from the tender offer.

– TACC projected 20% of revenue growth in 2019, reaching ฿1.5 billion.

– PTG set a target to reach a new high at 150 billion from business expansions of gas stations and linear integration with business partners.

– RML set to open two new condominiums worth 11 billion and joined with its business partners to open a health center worth 1.3 billion.

– MTC asserted its 2019 revenue will grow 35% as announced before, while limited NPL below 2%.

– Foreigners and Individuals combined a 3.9 billion BUY, while proprietary trading added another 340 million to recover SET from its fall in the afternoon.

– SET closed almost flat at 1,577.41 points, edged up 0.41 points or 0.03% with 50.2 billion in value. The regained its ground late afternoon after most of EU markets open in plus territories, while future indices in Wall Street also continued its gain from yesterday.

 

Top 10 Most Impact Shares on January 16, 2019