Thai Stock Market Roundup October 7, 2019
A short summary to inform investors of what had happened in the Thai stock market on October 7, 2019.
– SET closed at 1,613.71 points, increased 7.75 points or 0.48% with a trading value of 39.9 billion baht. Maybank Kim Eng stated that the market moved narrowly in today’s trading with low trading volume. The market could have a technical rebound, but it was not at the point of inclining while suggesting to keep an eye on the trade talks on October 10-11, and the Fed meeting later this month.
– Local Institutions, Proprietary Trading and Foreign Investors buoyed the market by 8 points with a total of 828 million baht net buy.
– RAM acquired 0.8244% more of THG to hold a total of 10.0514%.
– SPA canceled the joint investment in “CHABA,” affirming 20% growth in revenue.
– SCN lowered its revenue in 2019 to 10% growth, impacted by the government’s policy while expected to initiate a new business in a solar rooftop.
– AEONTS announced a 9% growth of profit in 2Q19.
– ORI debuted “Smart City” at Ram Intra worth 6 billion baht while aiming to increase the number of “One Origin Hotel” to 10 hotels in 2023.
– STARK invested ฿1.5bn to take over the leading manpower service company, “Adisorn”.
– BGRIM to issue ฿6bn subordinated perpetual debentures for domestic and international power plant expansion.
– CHOW commenced the feeding of 7MW “Aomori Solar” in Japan, strengthening its 2019 revenue.
– Stocks in Focus on October 7, 2019: TU (Maybank Kim Eng TP ฿22.80/share) and BA (KGI Securities TP ฿12.20/share).
Top 10 Most Impact Shares on October 7, 2019
