Thai Stock Market Roundup October 15, 2019

– SET closed at 1,627.01 points, increased 1.01 points or 0.06% with a trading value of 51 billion baht. Finansia Syrus stated that the index moved sideways narrowly, inline with the regional markets from the uncertainty of trade deal after China said that it would need another meeting before committing to any agreement.

A financial statement from the banking sector will be announced this week which is what investors must keep a close eye on as well as the development of Brexit deal.

Finansia expected the market to continue to move sideways, giving a support level at 1,620 and a resistance level at 1,635.

– A selloff for a total of 831 million baht from Foreign Investors plunged SET to close slightly higher by 1 point.

– TOP issued ฿17bn senior unsecured notes for capital expenditures and corporate purposes.

– EA issued a 7-year “Green Bond” worth 3 billion baht with an interest rate at 2.74% to fund for Hanuman projects.

– TRUE issued a debenture worth 6 billion baht to sell to institutions on October 17 for debt settlement and working capital.

– RS joined hands with WORKPOINT to sell Lifestar’s products to find a new customer base.

– The analyst upgraded TRUE to “BUY” at ฿6.80, expecting ฿5.46bn of net profit in 3Q from a better operation.

– GSTEEL’s shareholders approved the conversion of 9 billion baht of debt to shares to turn its shareholder’s proportion to 5.38 billion baht.

– FTSE to include AWC in FTSE All World on Oct. 17, expecting ฿1.45bn of inflow.

– “Prayut” said the High-Speed Railway deal was set to sign on Oct. 25.

– NUSA affirmed the cancellation of three subsidiaries had no effect on the company.

– Stocks in Focus on October 15, 2019: SISB (Tisco Securities TP ฿10.30/share) and EA (KTB Securities  TP ฿53.50/share).

 

Top 10 Most Impact Shares on October 15, 2019