Thai Stock Market Roundup November 27, 2019
A short summary to inform investors of what had happened in the Thai stock market on November 27, 2019.
– SET closed at 1,607.27 points, decreased 2.11 points or 0.13% with a trading value of 51.2 billion baht. The analyst stated that the Thai market moved narrowly while awaiting for new fund flow and new factors to buoy the market after the positive sentiment from the U.S. and China “phase one” deal had been priced-in.
The analyst had set a support level at 1,605 points and a resistance level at 1,620 points.
– Foreign Investors continued a selloff for two consecutive days, sinking SET Index by 2pts with 1,072 million baht of net sell.
– TPOLY acquires a project worth ฿1.15bn to construct the building of IoT institute.
– RBF targeted revenue growth in 2020 over 10%, putting aside 145 million baht for machine and lab improvement.
– BIZ was confident in 2019 revenue growth over 10%, showed backlog over 1.5 billion baht to be recognized until 2020.
– 8 listed companies rejoiced after OCAP delayed the listing of “Perpetual Bond” as “debt” for 3 years.
– PTG expected a miss in target revenue due to lower oil prices, still setting a target in 2020 for more expansion.
– SCB appointed “Jareeporn Jarukornsakul” as director, effective from 21 Nov.
– Analyst expected “Baan Dee Mee Down” to boost property developers’ sales in 2019-2020.
– 96 million shares of RS’ biglot emerge at an average price of ฿13.70/share.
– Stocks in Focus on November 27, 2019: CPF (Krungsri Securities TP at ฿33.00/share) and BCH (Krungsri Securities TP at ฿20.00/share).
Top 10 Most Impact Shares on November 27, 2019
