Thai Stock Market Roundup March 11, 2019

– GPSC revised down GLOW’s SPA price to ฿91.9906/share while asserted that the company will make a tender offer after the transaction is complete.

– GLOW and GPSC slid after the price revision on purchasing GLOW’s shares to ฿91.99/share.

– TCC was in the middle of negotiation of partners in Laos for a coal mine business in order to buoy its revenue by 20% in 2019.

– JWD established a new subsidiary “JWD Art Space” to provide storage services for pictures, works of art including renting pictures and artistic works and providing photo exhibition services or various artistic works.

– MILL sold 20% of “Ocean Supply” to earn ฿10 million and proposed a dividend payment at ฿0.03/share, XD May 3.

– The arbitral tribunal ruled in favor of STPI over the matter between the company and foreign counterparty overpayment of the outstanding balance of trade receivables.

– BJCHI approved a share repurchase with the budget amounted ฿40 million in exchange for 16 million shares.

– Foreign Investors remained a major drive in selling Thai stocks along with Institutions for a total of ฿618 million.

– SET closed at 1,627.43 points, decreased 2.69 points or 0.16% with ฿30.9 billion in value. Asia Wealth Securities states that negative sentiment such as heated election, unsettled trade deal, lower oil price and lower export data in China will limit the movement of SET Index. However, the buying pressure for dividend would help in maintaining the index level.

 

Top 10 Most Impact Shares on March 11, 2019