Thai Stock Market Roundup August 29, 2019
A short summary to inform investors of what had happened in the Thai stock market on August 29, 2019
– SET closed at 1,639.14 points, increased 22.21 points or 1.37% with a trading value of THB 59.62 billion. The SET Index closed higher than the regional market which continued to close mix. A rise of SET Index was led by an increase in the share price of the energy sector, the petrochemical sector and the refinery sector after a positive recommendation of foreigners brokers.
– Institutions net bought Thai share by THB 4,873.30 million while Proprietary Trading, Foreign Investors, and Individuals combined to sell the rips.
– Stocks in Focus on 29 August 2019: JWD and SEAFCO
– JWD: Finansia expected that JWD profit will continue to rise 20% YoY next year and recommended “BUY” the target price of ฿12.0/share.
– SEAFCO: AIRA estimated the target price in 2019 at ฿11.50 based on PE 20x (average past 5 years) and recommended “BUY” SEAFCO share from a continuous growth of performance and interesting dividend yield at 4.0%.
– GPSC’s EGM has approved a capital increase of ฿13.2 billion, offering to RO at ฿56.0/share.
– CS upgraded Thai refining stocks to “outperform”, signaling beneficial stocks from IMO2020.
– KBANK paid a dividend at ฿0.50, XD Sep. 11, after booking ฿9.9 billion of profit in 2Q19.
– IRPC rebounded nearly 10% after to GRM edged Higher, expecting to be benefited from IMO 2020.
– PTTGC rose 3%, analyst recommended “Speculating Buy” with a target price of ฿58/share before XD Aug. 30.
Top 10 Most Impact Shares on August 29, 2019
