Thailand Stock Market Roundup Sep. 26
A short summary to inform you of what is going on in Thai stock market on September 26, 2018.
– OCEAN avoids conflict of interest by purchasing oil from interrelated entities.
– BEM aims ฿5.23bln. from EXAT’s default. A negotiation between the two companies to turn debt into concession possible!
– PTT and Cafe Amazon – an inseparable duo that grows beyond Starbucks!
– The FED may increase the U.S. interest rate by 0.25% after the meeting today.
– SIMAT aims to bid for an internet operation in remote area. There are a total of 8 contract and each contract is worth 2 billion baht. The bidding will be held on October 12, 2018.
– JMART has acquired 18.9% of Prain Fintech Company Limited (Prain)’s shares through its subsidiary “JVC” to further online payment business.
– SCB Securities expects DOD to reach an all-time high, giving a target price at ฿16.70
– NBTC has renewed the new round of 900MHz auction, extending the submission date for 7 days and declining DTAC’s request for a credit payment extension.
– AOT ‘s term of reference is almost ready, and possibly include the auction for the second passenger terminal worth 42 billion baht.
– The Administrative Court has ruled in TRUE’s favor and against the arbitrator’s decision that order TRUE to return the amount of 1.2 billion baht to TOT.
– BTS-SIRI, a joint venture between BTS and SIRI, is positive that its profit will reach 700 million baht this year and a total of 4 condominiums that are now ready for residing. All 4 projects worth 13 billion baht.
– The Bank of Thailand has extended the limit of online banking to 700,000 baht per time to prevent a duplicate transaction that leads to a system failure.
– APCO debuts its two new products – VVIN for health and Antibiotics, and ASL revitalizing Serum & Cream, which is a beauty product.
– The foreign investors and local individuals join together to buy a total of 670 million baht, helped lifting the market at the end of the day.
– SET closed at 1,749.93 points, up 1.94 point or 0.11% with 48.7 billion baht in value.