Thai Stock Market Roundup August 27, 2019
A short summary to inform investors of what had happened in the Thai stock market on August 27, 2019
– SET closed at 1,615.47 points, dropped 7.26 points or 0.45% with a trading value of THB 69.67 billion. The SET Index continued to close lower for a second day in this week, while the regional market closed higher today. The decline of Thai market today might due to the uncertainty of the trade war between the U.S. and China, a weak yuan and the domestic political issue which gave an uncertainty sentiment to investors, resulting in a selloff to find safe assets.
– Proprietary Trading and Foreign Investors poured THB 2,261.8 million while Individual net bought THB 1,683.82 million.
– Stocks in Focus on 27 August 2019: TCAP and INTUCH
– TCAP: KGI Securities recommended “BUY” TCAP share with the target price of ฿61.00/share, setting a support line at ฿50.00 and a resistance line at ฿52.25, stop loss at ฿18.00. KGI said that if share price passed the estimated resistance line, the next resistance would be ฿54.00.
– INTUCH: Finansia Syrus Securities recommended “BUY” INTUCH share with the target price of ฿67.00/share. Finansia stated that INTUCH is a good place for saving money while the market is volatile.
– LHFG offered a dividend payment at ฿0.035, XD Sep. 6, after posting ฿761m of profit in 2Q2019.
– 8.8 billion shares of SCB’s big lot popped up to trade lower than the marker price at ฿121.51/share.
– HMPRO offered ฿0.17 dividend, XD Sep. 10, after recording 16% of profit growth in 2Q2019.
– KTBST recommended “BUY” OSP at ฿40/share from long term growth and premiumization strategy.
– PTG planned to expand the number of cafe, expecting to gain revenue from the non-oil business.
Top 10 Most Impact Shares on August 27, 2019
