Thai Stock Market Roundup September 2, 2019

– SET closed at 1,654.11 points, plunged 0.81 points or 0.05% with a trading value of 52.7 billion baht. Finansia Syrus Securities stated that the market moved sideways in today’s trading session. In the morning, the index was in the negative territories from the worry of the kicking in tariffs between the U.S. and China while the index mostly traded higher in the afternoon from a technical rebound and the buying pressure from GULF.

– Institutions made a net buy for a total of 1.44 billion baht, losing to the selling pressure from foreign investors at a total of 1.13 billion baht and individuals at 648 million baht.

– TTL filed a complaint to claim ฿6.45bn from RATCH for infringing trade secret of Hongsa Power Plant Project.

– SET to delist EARTH, allowing for a cash balance trade on Sep. 11-19.

– MOC expected CPI to expand less than 1% after a 0.87% increase in 8 month.

– GULF aimed to invest in LNG power plant in Vietnam with a capacity of 6,000 MW and a hydro power plant in Laos with a capacity of 2,500 MW by holding 30-35% stake in the project. The two projects were expected to have an in-depth details and a solid agreement in 2020.

– GULF and BGRIM shared the same rocket to soar sky high, passing an all-time High. GULF closed at ฿158.50/share, rose ฿13.50/share or 9.31% with a trading value of 3.57 billion baht while BGRIM closed at ฿40.75/share, rose ฿1.50/share or 3.82%.

– Stocks in Focus: PTG (TP at ฿23.50/share) and GLOBAL (TP at ฿18.10/share).

– MSC acquired a production project from “Kajima Corporation” over 40 billion ton.

– PACE had revealed that BROOK was interested in acquiring 10% stake while aiming to list Dean & DeLuca Asia (Thailand) in the stock market within two years.

 

Top 10 Most Impact Shares on September 2, 2019