Thai Stock Market Roundup July 18, 2019

– SET closed at 1,723.44 points, rose 4.59 points or 0.27% with a trading value of THB 54.80 billion. Today, SET Index closed higher after it had closed negatively for three days. While the regional market closed in the opposite direction to the Thai Market. The outperform stocks, which are medium and small stock, finance sectors, property funds, and real estate investment trust heavily poured for profit-taking. As a result, the valuation has returned to investors’ focus.

– Foreign Investors and Individuals net bought THB1,465.4 million to buoy SET to close higher by 5 points while Institutions poured THB1,396.79 million for profit-taking.

– Stocks in Focus on 18 July 2019: TACC and BH
      – The analyst recommended “BUY” TACC share with the revised target price of ฿6.00/share from the previous target price of THB5.00/share due to they viewed a 2Q2019 profit of TACC to be better than expected, and the profit might hit a new high at THB 38 million, increasing 81% YoY, 15% QoQ. Moreover, the analyst has revised a 2019 profit of TACC to rise 20% to THB 143 million, increasing 109% YoY due to a 2H2019 tends to be in a positive direction from the new flavour of beverage and the Character business that might gain more customer including a big event at the end of the year. In addition, TACC might have an opportunity to do business in overseas with 7-11.

– The analyst recommended “BUY” BH share with the target price of THB 178.0/share. Although KTBST expected a 2Q2019 to slow down from the decrease of overseas and domestics customers, the analyst still believed BH could maintain a profit level of THB 900-1000 million and estimated a whole year profit to increase 3% YoY to THB 4,290 million.

– CMAN announced the COD of eastern bulk in India to produce and distribute lime.

– SMM changed the company name of “STARK corporation” with a new trading symbol “STARK”.

– GSC invested ฿105 million to make a long-term leasehold in people park for business expansion.

– DOD-W1 continued its gain by 5%, the analyst recommended a fair value at THB3.36.

– NEX increases registered capital by 232 million shares to sell THB1/share for rental bus business.

– JKN fell 17% in 4 days, the analyst reiterates BUY at THB12.40, seeing a brighter outlook in 2H.

– TEAMG invested THB3.6 million to establish a new subsidiary “iGL Synergy” for business expansion in Lao PDR.

– AMA soared 40.5% for the sixth day, the analyst recommended “BUY” as 2Q profit tends to grow.

– DOHOME submitted filing for an IPO to sell 465 million shares, expecting to trade in 3Q2019.

 

Top 10 Most Impact Shares on July 18, 2019