Thai Stock Market Roundup October 17, 2019
A short summary to inform investors of what had happened in the Thai stock market on October 17, 2019.
– SET closed at 1,632.80 points, dipped 1.66 points or 0.10% with a trading value of 60.8 billion baht. Maybank stated that the movement of the SET Index went in the same way as regional markets which switched between plus and minus in a narrow gap.
Major factors to keep an eye for were the trade war between the U.S. and China which Maybank believed to reach the deal in the end. Domestic factors include the proposal of the government budget and the 3Q financial statements that were slowly released.
– Individual Investors poured 632 million baht for profit-taking, dragging SET Index to close 1.6pts lower.
– GFPT brought the fire at the chicken processing plant in Samutprakarn under control.
– Frasers Property joined Hitachi Asia to invest ฿2.20bn to drive digital transformation in the real estate industry in Asia-Pacific.
– BGRIM partnered with 6 financial institutions to offer ฿8bn debentures with a BBB+ rating.
– “GIC” acquired 7.4% of AWC on the first trading day, stood at 4th major shareholders.
– TMB reported lower revenue and higher cost, caused 3Q19 profit to plunge 62% to 2.11 billion baht.
– Higher expense plunged KTC’s profit in 3Q19 to report at 1.23 billion baht.
– Stocks in Focus on October 17, 2019: MAJOR (Maybank Kim Eng TP ฿30.00/share) and CK (Krungsri Securities TP ฿31.00/share).
Top 10 Most Impact Shares on October 17, 2019
