Thai Stock Market Roundup October 16, 2019
A short summary to inform investors of what had happened in the Thai stock market on October 16, 2019.
– SET closed at 1,634.46 points, increased 7.45 points or 0.46% with a trading value of 58.5 billion baht. Krungsri Securities stated that the increase in today’s session was due to the positive sentiment on the trade deal between the U.S. and China while the Brexit seemed to be able to finally find a deal.
The financial reports and draft government budget to be proposed to the parliament are things to keep an eye for.
– Local Institutions returned to scoop 2,000 million baht worth of Thai shares, hiking SET Index by 7.5pts.
– TEAMG signed two consultancy contracts for Hydroelectric Power Project in Laos worth 92 million baht.
– OCEAN announced a cessation of trading business of accessories and faucet products due to business decline.
– CPN aimed to invest 22 billion baht within 2022 to advance in three mix-used projects and renovate two branches of Central.
– BGRIM had reached an all-time high at ฿50.00/share during the trading session but closed lower at ฿49.25/share.
– SABINA added two branches in Central Village and Siam Mitrtown.
– Analyst saw positive outlook on RS and WORK partnership, recommended “BUY” with a target price at ฿19.00/share.
– DTAC made a rebound to book ฿1.8bn of profit in 3Q19 after recording a lower cost.
– Stocks in Focus on October 16, 2019: DTAC (Krungsri Securities TP ฿68.00/share) and JMART (Krungsri Securities TP ฿11.00/share).
Top 10 Most Impact Shares on October 16, 2019
