Thai Stock Market Roundup April 10, 2019
A short summary to inform you of what had happened in Thai stock market on April 10, 2019.
– TRUE–ADVANC–DTAC soared as much as 4% in anticipation of NCPO to execute Article 44 for the extension of 4th installment on 900MHz spectrum.
– NFC dissolved the plan of buying S C Carrier Co., Ltd.’s shares as the Board of Directors pointed out a high risk in this investment.
– TRUE invested ฿81 million to acquire 30% stake in “Queue Q,” seeing potential future return.
– NPPG gained 0.02/share or 1.69% to 1.20/share after Singapore’s business partner, “Bread Talk,” acquired 15% of NPPG’s shares.
– THAI planned to issue 7 series of 1-15 year(s) debentures for institutions and major investors.
– 4 Digital TV Shares, BEC, MONO, GRAMMY, WORK, soared in anticipation for compensation of recalling 700MHz from NBTC.
– Uber filed $10 billion IPO, shaping for the first trading day in NYSE the upcoming month.
– Boards of TTCL approved the disposal of TTGP, aimed to book ฿2.7 billion by the end of May.
– GULF set a new high at ฿100/share while analyst gave a BUY recommendation with a target price at ฿108/share.
– KTC reached an all-time high at ฿41.00/share, analyst gave a BUY recommendation with a target price at ฿46.00/share.
– Foreign Investors extended the buying streak with another THB 1.72 billion while Individuals net sold for THB 2.56 billion.
– SET closed at 1,662.13 points, rose 4.39 points or 0.26% with a trading value of THB 43.6 billion. Analysts stated that the market was buoyed by buying pressure from big cap stocks, and fund inflow as well to close the day in the opposite direction of other indices in the region that plunged after IMF cut world’s GDP.
Top 10 Most Impact Shares on April 10, 2019
