Thai Stock Market Roundup Oct. 8
A short summary to inform you of what had happened in Thai stock market on October 8, 2018.
– ADVANCE and TRUE affirmed that they will not be participating in the NBTC’s 900MHz spectrum auction.
– ANAN was satisfied with its Hybrid Bond debenture. The 2 billion baht from debenture will be invested on business expansion.
– ROBINS joined Central / The Mall / Siam Piwat to Establish VAT Refund Center.
– BTS took 10 steps further in F&B business by establishing 10 new subsidiaries!
– AOT discussed with the prosecutor to solve the 2nd Terminal controversial in fear of further delay.
– TIGER was preparing to enter mai this month with its 122.28 million IPO.
– SEC suspended Wealthiest BCA over neglecting IPO verification, which might caused investors for a loss.
– Maybank ups TU’s target price to ฿20.60 as operation tends to recover in 3Q18.
– Local institutions, propreitary trading and foreign investors were all worry of the Chinese’s reserve requirement cut that also caused SSCE to plunged today, and combine a hugh selloff at 5.9 billion baht in value.
– SET sank 24.30 points or 1.41% to close at 1,696.22 points with 59.6 billion baht in total value. Mainly, caused by Chinese stock plummeted when central bank announced to cut reserve requirement.