Thai Stock Market Roundup January 31, 2019

– Rumors of Phatra Securities buying power plant for GLOW spread. While Phatra would book both service fee and compensation for buying SPP1.

– Lower exchange gain plunged GLOW’s 2018 profit to face 10% deficit.

– OSP would hand out ฿0.30/share of dividend on 28 Feb., ex-dividend date 12 Feb.

– CHOW signed a contract to produce 400bln. t/year of steel billets, while setting the first shipment to start on June 2019 onward.

– SAPPE entered into a partnership with Danone to develop, manufacture, market and distribute healthy hydration beverages in Thailand.

– PHOL and MALEE asserted in a statement that there was no significant change in the company that affected their shares to increase in rapid pace.

– III invested 80 million baht to acquire 14.95% of SAL Group, an airport ground support equipment rental, and other services.

– Central acquired ‘Grab Thailand’ with ฿6.2 billion to advance in ride-hailing & delivery services.

– PF announced 20 new projects worth 3.84 million baht in 2019.

– XO joined hands with Australian partners to promote Thai sauce to buoy its 2019 revenue to reach a new high.

– Institutions fended off the selloff from foreigners and individuals with ฿6.8 billion buy to rally SET by 9 points or 0.56%.

– SET closed at 1,641.73 points, hiked 9.13 points or 0.56% with 57.8 billion in value. The market rallied after Fed signaled a ‘patient’ pace on rate hikes, sending positive sentiment to Asia market. Meanwhile, Thai baht had strengthened 4.2% against the dollar this year, the biggest gain in region and inflation remains benign at 0.4% in December.

 

Top 10 Most Impact Shares on January 31, 2019