Thailand Stock Market Roundup Sep. 27
A short summary to inform you of what is going on in Thai stock market on September 27, 2018.
– Bang of Thailand (BoT) fined KTB and SCB for their fire insurance schemes that only fixated on certain insurance company a year ago. Later SCB had announced that the company accepted the fault and had already implemented a strict procedure since last year.
– Fed hiked interest rates by 0.25%, Thailand still had plenty of dollars in reserve.
– INGRS signed an MOU with S.Korea company to jointly manufacture and assemble auto parts.
– Foreign investors concerned after Morgan Stanley downgrades AOT’s TP to ฿69.
– CGD issued 700 million baht debentures for institutions and major investors.
– TRUE joined hands with CJ from S.Korea to form “True CJ Creations”, targeted Asian’s top content producer.
– TRITN Strengthen business by joining the world’s leading construction company – CRCC.
– BA approved a new establishment of its new subsidiary to form an aviator college.
– Proprietary trading joined local individuals to finish the day at 2.7 billion baht in “buy”, while the foreign investors do not hesitate in their selloff at 1.73 billion baht in total.
– SET closed at 1,752.95 points, up 3.02 or 0.17% after a negativity in the morning session to close the day with a total value at 63.4 billion baht.