Thai Stock Market Roundup July 15, 2019

A short summary to inform you of what had happened in Thai stock market on July 15, 2019

SET closed at 1,727.98 points, fell 3.61 points or 0.21% with a trading value of THB53.42 billion. Today, Thai Market closed in a negative direction. Meanwhile, all investors are enthusiastic to see a 2Q2019 of China’s economic data that just has announced. The data presented a number of China economic growth 6.2% in 2Q19 which its GDP growth has shown the number as an expectation but the industrial production, retail sales, and fixed-asset investment number were higher than the expectation. 

Stocks in Focus on 15 July 2019: ATP30 and ORI
      – The analyst recommended “BUY” ATP30 share at the target price of THB2.30/share due to a direct benefit from EEC and a strong cash flow of ATP30. Moreover, ATP30 can also maintain 100% of existing customers and there is an opportunity to obtain new customers from both existing while having the potential to gain more customers from its core business.
      – The analyst recommended “BUY” ORI share at the target price of THB10.00/share. According to a 1H19 pre-sale of ORI at THB 13 billion, increased 12%YoY. Therefore, the analyst expected a 2H19 pre-sale of ORI to grow from opening new projects.

MINT claimed ฿571 million against “Marriott” due to wrongful acts committed of its management of the JW Marriott Phuket resort & spa.

TPCH closed the day at THB12.90, increased THB0.10 or 0.78% with a trading value of THB168 million. During the session, the highest TPCH’s share price hiked 6.25% to THB13.60 and the lowest was THB12.80 after acquiring 9.5 MW of waste power plant. Kasikorn Securities recommended “BUY” with the target price of ฿15.60/ share.

TOA Closed the day at THB40.50, increased THB1 or 2.53%. During the session, the highest of TOA’s share price was THB42.50 and the lowest was THB40.25 with a trading value of THB313 million. The analyst recommended “BUY” with the target price of THB43 as 2H tended to grow higher.

DTAC announced an outstanding performance in 2Q to record 8x higher profit at ฿1.7 billion.

SUPER closed the day at THB0.78, increased THB0.03 or 4%. During the session, the highest share price was THB0.80 and the lowest was THB0.75 with a trading value of THB455 million. An increased of super’s share price might due to the effect of issuing “SUPEREIF” to sell ฿10/Unit.

SET approved DOD-W1 to trade in mai, effective on 17 July 2019. 

Top 10 Most Impact Shares on July 15, 2019

 

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