Thai Stock Market Roundup November 11, 2019
A short summary to inform investors of what had happened in the Thai stock market on November 11, 2019.
– SET closed at 1,622.12 points, decreased 15.73 points or 0.96% with a trading value of 43.7 billion baht. The analyst stated that the sudden change of pace was due to the statement from the U.S. President Donald Trump last Friday which denied China’s earlier statement on the agreement to rollback tariffs, causing worries and concerns to the market not just in Thailand but also the regional market as well.
Meanwhile, the tension in Hong Kong also escalated after protestors were reportedly shot by the police’s live round.
– Local Institutions plunged the market with a huge selloff totaling ฿4.5bn while Individuals scooped shares at a lower price for ฿2.7bn.
– SET suspended DOD from trading after letting the 3Q financial statement slipped online.
– AWC fell 10.74%, hitting bottom at ฿5.40/share after the expiration of greenshoe options.
– COMAN’s 3Q19 profit fell near two times after cost and service expenses rose.
– FSMART posted a drop of 1% in its 3Q19 profit.
– MAKRO recorded a 9% growth of profit in 3Q19 to book 1.4 billion baht.
– CBG’s 3Q19 profit jumped almost two times to reach 732 million baht.
– DOHOME’s 3Q19 profit rose 46%.
– U’s high revenue in 3Q19 erased its deficit by half while its 9-month period turned to see profit at 115 million baht.
– IP reported a net profit in 3Q19 at 13.56 million baht after booking higher sales revenue.
– High revenue buoyed EKH to record a profit of 47.95 million baht in 3Q19.
– CPN’s 3Q19 profit slipped near 4% to record at ฿2.8bn from higher financial cost.
– ESSO turned to realize a net loss of 1.3 billion baht in 3Q19 after a plummet of sales revenue, GRM while its expenses rose.
– EA reported a high surge in revenue, sent 3Q19 profit to jump by 32% to ฿1.67bn.
– WICE’s 3Q19 net profit fell 10.48% to 28 million baht.
– GFPT’s 3Q19 net profit plunged 14% to book at 375 million baht.
– IVL plunged 4.55% after reporting a plummet of 92% in 3Q19 profit.
– Stocks in Focus on November 11, 2019: EA (Finansia Syrus TP ฿60.00/share) and MINT (Krungsri Securities TP ฿47.00/share).
Top 10 Most Impact Shares on November 11, 2019