Thai Stock Market Roundup
A short summary to inform you of what is going on in Thai stock market on September 4, 2018.
– K.C. Metalsheet Public Company Limited (KCM) establishes new subsidiary, KCM Perfect House Co., Ltd. to support KCM business with 14 million baht registered capital.
– TRC Construction Public Company Limited (TRC) acquires two construction projects from Bangkok Metropolitan Administration worth 1.4 billion baht.
– SIRI Invests ฿50M. to Establish Property Dev. Company with Tokyu Corp. SIRI holds 70% stake, Tokyu Corp. holds 29% and Saha Tokyu Corp. holds 1%.
– FC Will Develop New F&B Operations to Solve “C” Sign
– Bank of Thailand will hold a meeting with the banks to discuss and find a solution regarding mobile banking system failure.
– SEC files a civil lawsuit on Mr. Suphanan Rittiphairoj regarding IFEC insider trading violation.
– Singha Estate Public Company Limited (S) hikes 6% to a new high in 3 months after the debut of 6.5 billion baht Santiburi The Residences on Praditmanutham Rd., Bangkok. Moreover, the company also has high expectation from The ESSE Asoke condo.
– SET closes in red almost 7 points as investors still worry of the U.S. and China trade war and a possible increase interest rate from FED after the meeting at the end of this month.