Thai Stock Market Roundup October 7, 2019

A short summary to inform investors of what had happened in the Thai stock market on October 7, 2019.


SET closed at 1,613.71 points, increased 7.75 points or 0.48% with a trading value of 39.9 billion baht. Maybank Kim Eng stated that the market moved narrowly in today’s trading with low trading volume. The market could have a technical rebound, but it was not at the point of inclining while suggesting to keep an eye on the trade talks on October 10-11, and the Fed meeting later this month.

Local Institutions, Proprietary Trading and Foreign Investors buoyed the market by 8 points with a total of 828 million baht net buy.

RAM acquired 0.8244% more of THG to hold a total of 10.0514%.

SPA canceled the joint investment in “CHABA,” affirming 20% growth in revenue.

SCN lowered its revenue in 2019 to 10% growth, impacted by the government’s policy while expected to initiate a new business in a solar rooftop.

AEONTS announced a 9% growth of profit in 2Q19.

ORI debuted “Smart City” at Ram Intra worth 6 billion baht while aiming to increase the number of “One Origin Hotel” to 10 hotels in 2023.

STARK invested ฿1.5bn to take over the leading manpower service company, “Adisorn”.

BGRIM to issue ฿6bn subordinated perpetual debentures for domestic and international power plant expansion.

CHOW commenced the feeding of 7MW “Aomori Solar” in Japan, strengthening its 2019 revenue.

– Stocks in Focus on October 7, 2019: TU (Maybank Kim Eng TP ฿22.80/share) and BA (KGI Securities TP ฿12.20/share).

 

Top 10 Most Impact Shares on October 7, 2019

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