Thai Stock Market Roundup Oct. 9
A short summary to inform you of what had happened in Thai stock market on October 9, 2018.
– Investors are worried after IMF cut global growth for 2018-19 forecast to 3.7% as trade tensions between the U.S. and trade partners are rising.
– BAY sold 50% stake of “Ngern Tid Lor” in order to partner with C.P. Group.
– FSMART finally completed its 2.5% or 20 million share repurchase program with the total amount of 187 million baht spent.
– CM issued an interim dividend of ฿0.10/share. XD October 22, 2018.
– TIGER set IPO at ฿3.6/share, initial trade on October 10-12, 2018 and will start its first trade day on October 24, 2018.
– TSTH clarified that there was no leakage of hazardous chemical from the explosion and the company will improve safety measurement.
– NBTC set the deadline for DTAC to submit the documents on Oct. 16 for 900MHz spectrum auction or facing Appellate Courts if DTAC decided against it.
– CHIC Republic (CHIC) aimed to sell 360 million IPO in 4Q18
– SET was able to make a rebound by the purchase power of local institutions and local individuals combined 4.8 billion baht in value, while foreign investors alone finished the day with 4.6 billion baht selloff.
– After the rebound in the morning session, but rocky afternoon, SET managed to close at 1,696.92 points, up 0.70 points or 0.04% with 52.5 billion baht in total value.