Thai Stock Market Roundup November 15, 2019

– SET closed at 1,602.23 points, plunged 7.24 points or 0.45% with a trading value of 44.5 billion baht. The regional market mostly closed higher due to the hopes on the U.S. and China to strike the deal soon after the Chinese Ministry of Commerce spokesman Gao Feng said overnight that both parties were holding deep discussions about a “phase one” deal. However, Gao Feng stated that the rolling back of tariffs was the key to reaching an agreement.

The analyst stated that the plummet in the Thai stock market might due to the disappointment from most 3Q19 statements that reported a lower profit, especially all the big cap stocks. The support level for the next week was at 1,590-1,580 points while the resistance level was at 1,620 points.

– Local Institutions, Proprietary Trading and Foreign Investors combined a net sell of 1.6 billion baht to plunge the market by 7 points amid trade optimism between the U.S. and China.

– BGRIM advanced the Business to Oman, securing a 30-MW solar rooftop project.

– TRUE’s profit in 3Q19 jumped nearly 30 folds after booking ฿7.7bn from the asset sale.

– MK faced a net loss of ฿26m in 3Q19 after costs and expenses hike by 6%.

– ROJNA’s 3Q19 profit rose 107% to book ฿695m from service and rental income.

– RS reported a decline of 13% in 3Q19 profit, expecting revenue to rise at year-end.

– An increase of new students sent SISB’s profit to skyrocket by 116%, booking ฿60m in 3Q.

– BTS’s 2Q19 profit jumped 83% from the share of profit and higher sales/service income.

– EPCO 3Q19 net profit jumped three folds after booking a high revenue from power plant projects in Japan and Vietnam.

– UNIQ’s 3Q19 profit plunged 6% to 174 million baht.

– NUSA reported a net loss in 3Q19 at 163.37 million baht due to a loss from JV investment.

– MALEE’s net loss was lowered to 35 million baht in 3Q19 due to its cost management.

– ITD turned to record a net loss of ฿107m in 3Q19 from a higher cost of construction work.

– THAI’s better cost management in 3Q lowered its QoQ loss amid an increase in passengers.

– PTTEP announced a financial restructure, planning to repurchase US$ denominated debts and plans to raise funds by issuing new US$ denominated debts of PTTEP’s group.

– Stocks in Focus on November 15, 2019: EPG (Asia Wealth Securities TP ฿9.20/share) and TFG (KGI Securities TP ฿5.10/share).

 

Top 10 Most Impact Shares on November 15, 2019