Thai Stock Market Roundup Nov. 5
A short summary to inform you of what had happened in Thai stock market on November 5, 2018.
– BIG gained small in 3Q18, while its profit plunged 28% from the expansion of the mobile segment.
– SMART’s 3Q18 sales helped the company to erase its deficit to ฿1.79bln.
– NUSA completed Wind Energy’s shares selloff to DD MART for a total of 1.27 million shares or ฿886.34 million.
– COM7 invested ฿210 million to take over KingKong Phone.
– SENA joined “Hankyu” to develop a condominium worth ฿2.2bln. on Bangna area.
– TU’s 3Q18 FX gains fell by half and pulled its profit down by 24% to ฿1.31bln.
– Zen Corporation submitted a filing for 75 million IPO for business expansion and settled its debts.
– Negative sentiment sends local individuals for a total of ฿266 million selloff. In the meantime, foreign investors decided to finish the day with ฿141 million in buy for the first time in a month.
– SET fell 11.26 points or 0.67% to 1,670.58 points with ฿38bln. in total value.
Asia stock markets are mostly down on Monday, November 5, 2018, a day ahead of the U.S. midterm election and the day that the U.S. resumes Iran oil sanction. Today is also the first day of China International Import Expo (CIIE) that seeks to promote the world’s second-largest economy as a major consumer of global goods.
However, as investors remained cautious over global growth prospects and there was no statement from the Chinese President Xi Jinping, who kicked off the CIIE with the opening speech, regarding the possibility of the outcome of the trade talk, cyber attacks, market access etc.
While the investors still had concerns over the resumption of U.S. sanction on Iran oil that left eight countries for a temporary exemption.
Top 10 Most Impact Shares on November 5
