Thai Stock Market Roundup March 12, 2019

– BGRIM had finally established a subsidiary with a registered capital of THB 8.5 million to advance in renewable energy power generation business in South Korea.

– BCPG established a new joint venture company in Hong Kong to advance in renewable energy development.

– SPCG aimed to join Japanese partners to construct five solar farm projects.

– PACE slumped as much as 29% after the announcement on the capital increase by issuing 12.3 million newly-issued ordinary shares.

– JCK aimed to sell asset worth 2.5 billion to REIT, expecting to recognize income in the fourth quarter of 2019.

– GRAND planed a capital increase to issue ฿1.38 billion shares to be sold to Rights Offering and Private Placement.

– RAM will propose to the shareholders to consider and approve the change in the par value of the Company’s shares from ฿10.00/share to ฿0.50/share for the purpose of increasing the liquidity of RAM’s shares.

– CHO–SCN completed the consignment of NGV buses and will book income within 30 days.

– RICHY debuted its new high-end condo, The Rich Ekamai, worth THB 3,400 million, asserted that the new condo will help it reach a new high this year.

– CPT revealed a backlog worth THB 400 million, confident in a 10% growth in 2019.

– Individuals lead the buying team with ฿1.22 billion, buoying SET to close slightly in positive territory.

– SET closed at 1,627.59 points, rose 0.16 points or 0.01% with ฿37.1 billion in value. The index still moved in a narrow range due to various political issues as the election is right around the corner, causing a volatile session for Thai stocks. The most important thing is to keep a close eye on how the vote for the Brexit deal in British parliament goes. If the deal gets approved, it would lower the pressure in global markets.

 

Top 10 Most Impact Shares on March 12, 2019