Thai Stock Market Roundup Sep. 18
A short summary to inform you of what is going on in Thai stock market on September 18, 2018.
– SAWAD sells 57M. Private placement shares to Taiwan’s Cathay Financial Holding Co., Ltd, giving 10% to Cathay Financial Holding, while receiving ฿2.5bln.
– ANAN has agreed to establish a subsidiary into the joint investment with Mitsui Fudosan Asia (Thailand) Co., Ltd. (MFAT) for the purpose of a condominium development projects.
– BGRIM establishes B.Grimm Power (Malaysia) to support business opportunities.
– SENA’s shares hike after the new subsidiary establishment to facilitate the development of real estate company in the future.
– GUNKUL asserts all respects are in accordance with the regulation process and ensure investors that GUNKUL will gain more profits in 3Q18 than 1Q and 2Q combine.
– KBANK forms two new departments called Data Alchemist, to put good use of its data. KBANK expects to gain more ฿2bln within this year.
– EKH is confident in reaching an all time high growth, expecting the revenue to be 15% higher than last year.
– VCOM is ready to invest ฿200M. to takeover I-SECURE, expecting the 2018 revenue to reach ฿1.6bln.
– K. W. Metal Work Public Company Limited has issued an IPO at ฿1.30/share, and will start its trading in mai on October 1st.
– EASON jumps 25%, the highest in two months after the major shareholders, Eksang Holdings Company Limited, purchase another 0.352% of EASON’s shares, increasing Eksang Holdings’ shares to 35.33%.
– INGS asserts that the company constantly receive new projects. As of now, INGS has recognized ฿4bln. in 5 years succession.
– TACC is positive that the company will grow 30% in 2H18 as TACC has continuously releasing new products to the market.
– GPSC advisory counters Korn Chatikavanij, who objects GPSC’s plan to takeover GLOW, that what he opposes is not practical.
– D aims to increase its capital by issue 20M. shares for business expansion and paying its debt to local institutes.
– BBL invest ฿200 million to increase its shares in Thai Payment Network from 49.99% to 69%
– Local individuals poured all they had to finish the day with ฿7,033 million selloff, while the local institutes, proprietary trading and foreign investors had different perspective and put their money to buy a total of ฿7,036 million.
– SET closed the day at 1,744.42 points, jumps 26.03 points or 1.51% with a total of ฿79.6bln. in value despite the rising tension from trade war when Trump announces to impose 10% tariff on $200bln. worth of Chinese goods before the trade talk.