Thai Stock Market Roundup Oct. 19
A short summary to inform you of what had happened in Thai stock market on October 19, 2019.
– SCB’s 3Q18 profit reached ฿10.5bln. from rising of interest income.
– BBL booked ฿9bln. of 3Q18 profit in account from loans interest income.
– KBANK’s solid 3Q18 operations yielded ฿9.7bln. of profit from investments remeasurement.
– CIMBT’s professional NPLs management yielded 131% growth in 3Q18.
– KKP’s faced a 10% loss in 3Q18 profit from the remeasurement of available-for-sale securities.
– KTB’s 3Q18 profit hiked 33% to ฿7.8bln. after lowering NPLs.
– SONIC’s first trading day was not going as expected. The share closed at ฿1.84/share, plunged ฿0.11 or 5.64% after its smooth opening that gained 10%, and reached ฿2.14/share.
– JAS will file an appeal to the court for reconsideration of “Sumitomo” case after the company was ordered to pay an amount of ฿479 million.
– Somkid Jatusripitak issued a policy for Chinese tourist for an exempt of visa fees.
– NPPG’s board of directors approved free 759 million unit of “Warrant 4” for shareholders.
– GPSC fell 10% after its failed attempt to take over “GLOW”, and will likely to file an appeal to the court.
– Foreign investors made 3 days streak in ฿6.1bln. selloff to plunge SET by 15pts.
– SET closed at 1,667.91 points, continued its fall for another 15.00 points or 0.89% with ฿62.2bln. In total value as the Chinese economy starting to fall, while the upcoming world’s economic conference in Saudi Arabia may tank from the withdrawal of participants.