Thai Stock Market Roundup March 27, 2019
A short summary to inform you of what had happened in Thai stock market on March 27, 2019.
– WICE joined hand with a Chinese partner, invested ฿37 million to expand business in China.
– TU prepared to submit “Thai Union Feedmill” into the stock market.
– VGI confirmed the investment of ฿4.62 billion to take 18% of PLANB at ฿6.40/share.
– GGC–KTIS signed a loan from KTB to develop “Nakhon Sawan Biocomplex,” expecting to open in 1Q21.
– MJD aimed to issue a debenture not exceeding ฿2.5 billion with an interest rate of 7%.
– Pheu Thai and other parties made an announcement to form a new anti-junta government.
– SGF prepared to issue a 2-year maturity debenture not exceeding THB 500 million for major investors and institutions.
– Analysts recommended VGI in unison, giving a “BUY” rating with a target price as high as ฿10.20/share.
– GULF rose passed all-time high, testing a new resistance at ฿102.50/share.
– Foreign Investors pour ฿2.25 billion back to Thai stock market, plunged SET Index by 3 points.
– SET closed at 1,629.40 points, decreased 2.92 points or 0.18% with a trading value of THB 41.2 billion. The analyst from Finansia Syrus stated that the index moved sideways as investors needed to wait and see how things such as trade war, Brexit will progress. Meanwhile, the Thai election though had passed but still no clarity. The Election Commission announced that it will make an official announcement on May 9.
Top 10 Most Impact Shares on March 27, 2019
