Thai Stock Market Roundup January 29, 2019
A short summary to inform you of what had happened in Thai stock market on January 29, 2019.
– PRINC shifted its sector from “Property & Construction” industry and “Property Development” to “Services” industry and “Health Care Services”.
– Amortization to CAT caused DTAC ฿4.3bln. of loss in 2018, while the Boards announced of no annual dividend for 2H18. However, the share went the opposite to close at ฿46.50/share, jumped ฿3.50 or 8.14% due to high expectation of higher service income in 2H19, while the amortization to CAT would be only a one-time loss.
– RICHY established “Richy Place Ekamai” as a property development company.
– Nomura gave target price for PTTEP at ฿132.00/share after a short selling, seeing low PVB and a rebound in oil price to support the company.
– Local institutions poured ฿4 billion, but foreign investors and individuals led the buying team to buoy the market which closed almost flat.
– SET closed at 1,624.05 points, skidded 0.98 points or 0.06% with ฿51.7 billion in value. The market plunged to negative territory most of the day due to bad sentiment from the U.S. overnight, but foreign investors and individuals led the buying team to buoy the market which closed almost flat.
Top 10 Most Impact Shares on January 29, 2019
