Thai Stock Market Roundup August 30, 2019
A short summary to inform investors of what had happened in the Thai stock market on August 30, 2019
– SET closed at 1,654.92 points, increased 15.78 points or 0.96% with a trading value of THB 63.13 billion. The SET Index continued to close higher for 3 days due to a positive sentiment of “Thailand Focus 2019” which has a good response from institutions and foreign investors. The regional market mixed which might due to a positive development of trade talks between the U.S. and China.
– Institutions continued to buoy the SET Index by THB 3,197.41 while Proprietary Trading, Foreign Investors, and Individuals combined to sell for profit-taking.
– Stocks in Focus on 30 August 2019: MTC and PTT
– MTC: Finansia Syrus Securities recommended “BUY” MTC share with the target price of ฿64.00/share.
– PTT: KTB Securities (KTBST) stated that the share price of PTT has recovered yesterday by 5.49% from the lowest level, KTBST believed that the momentum of PTT will be higher because PTT’s share price was decreased by 12% in the past 1 month. PTT has 4% of dividend yield per year which KTBST expected PTT will pay a dividend of ฿0.80/share.
– Institutions continued to buoy the SET Index by THB 3,197.41 while Proprietary Trading, Foreign Investors, and Individuals combined to sell for profit-taking.
– SUPER expected an income of ฿7.7 billion in 2020 and an increase of power capacity to ฿1,192MW.
– BANPU closed the day at ฿12.70/share, increased ฿1.20 or 10.43%. The highest of BANPU’s share price was ฿12.90/share and ฿12.40/share with a trading value of ฿1,099 million. An increase of 10% in BANPU’s share price might due to an effect of preparing ฿5 billion for share repurchase and offering dividend at ฿0.35/share, XD 11 September 2019.
– SCC invested ฿4.3 billion in “Visy Packaging” to reinforce “SCG packaging” business growth.
– BPP paid a dividend at ฿0.35/share XD Sep. 12, 2019.
– THAI closed the day at ฿9.95/share, increased ฿0.95 or 10.56%. The highest of THAI’s share price was ฿10.40/share which is the highest in this month and ฿9.00/share with a trading value of ฿155 million. A rise of THAI share was in response to the recovery plan.
– RAM invested ฿160 million in “Nan-Ram Hospital” to establishes a hospital 120 beds.
Top 10 Most Impact Shares on August 30, 2019
