Thai Stock Market Roundup April 22, 2019

A short summary to inform you of what had happened in Thai stock market on April 22, 2019.

BCPG commenced the operation of 10 MW ‘Lomligor’ for PEA with 25-year agreement terms.

– SEC approved ZMICO for the proposal to operate as an ICO portal.

CPF invested ฿11.8 billion to acquire “HyLife”, the leading pork producer in Canada.

TASCO aimed to book over THB 300 million of compensation in 2Q19 along with an anticipation of higher revenue from the increase of asphalt price.

– The explosion in Sri Lanka on Easter day remained unclear with over 290 deaths and 500 injured.

KTB had better-than-expect performance in 1Q19 statement, booked THB 7.3 billion of profit (increased 7.6%)

– Shareholders approved RCI to invest THB 32 million in machinery items and the sales of 4 land plots.

BEC dived 4.3% as the case of accepting compensation for 700MHz licenses remained.

RS rose 6-day straight for 12% while analyst recommended “buy” at ฿21.00/share, expecting an all-time-high.

March exports plunge 4.88%. TPSO asserted the possibility of missing 8% projection.

SPC signed the THB 20 million joint venture agreement to invest and develop the solar rooftop project in Indonesia.

Individuals continued on selling the rips for another THB 1.08 billion while Foreign Investors returned for a net buy of THB 862 million.

SET closed at 1,673.48 points, dipped 0.62 points or 0.04% with a trading value of THB 47 billion. Mr. Kitpon Praipaisarnkit, a strategist of UOB Kay Hian, stated that the index had tried to reach the resistance level at 1,680-1,690 points without new positive sentiment to buoy the index which led to a net sell for profit from individuals, and the situation could continue for a few days.


Top 10 Most Impact Shares on April 22, 2019