Thai Stock Market Roundup March 22, 2019

– EEC to announce the winner of U-Tapao Airport and Eastern Airport City Project by April.

– TSE invested 132.5 million for a 5 MW solar farm in Ayutthaya.

– PTTEP invested ฿67.4 billion to acquire the leading oil company, “Murphy,” in Malaysia.

– SUPER reported a positive outlook for 1Q19, booking revenue from waste energy and wind farm while aiming to increase its total installed capacity to 1,000 MW.

– BCPG joined with Chiang Mai University to install a 12 MW solar roof.

– SCB entered into a MOU with FWD for long-term bancassurance partnership.

– BGRIM was confident in a 20% growth of revenue in 2019, aiming to put more investment on GLOW SPP1 for another 70 MW.

– PTT was preparing to get approval from its Board of Directors to participate in the bidding of Laem Chabang Port Phase 3.

– GPSC set a tender offer for GLOW from March 25 to May 17.

– Institutional and Foreign Investors combine a net buy of ฿5.52 billion while Individuals sell the rips for ฿4.96 billion in the last session before the election.

– SET closed at 1,646.29 points, increased 12.29 points or 0.75% with ฿46.4 billion in value. According to the data history of the previous four elections, Thai stock market tends to rally 1-2 days before the election. This time, the market was buoyed by the net buy of big cap shares while Institutional and Foreign Investors combine a net buy of ฿5.52 billion on Thai shares.

The no interest rate hike from the Fed may depreciate the greenback while would make more fund inflow to Thailand as baht would be stronger against dollars.

 

Top 10 Most Impact Shares on March 22, 2019