Thai Stock Market Roundup April 22, 2019

– BCPG commenced the operation of 10 MW ‘Lomligor’ for PEA with 25-year agreement terms.

– SEC approved ZMICO for the proposal to operate as an ICO portal.

– CPF invested ฿11.8 billion to acquire “HyLife”, the leading pork producer in Canada.

– TASCO aimed to book over THB 300 million of compensation in 2Q19 along with an anticipation of higher revenue from the increase of asphalt price.

– The explosion in Sri Lanka on Easter day remained unclear with over 290 deaths and 500 injured.

– KTB had better-than-expect performance in 1Q19 statement, booked THB 7.3 billion of profit (increased 7.6%)

– Shareholders approved RCI to invest THB 32 million in machinery items and the sales of 4 land plots.

– BEC dived 4.3% as the case of accepting compensation for 700MHz licenses remained.

– RS rose 6-day straight for 12% while analyst recommended “buy” at ฿21.00/share, expecting an all-time-high.

– March exports plunge 4.88%. TPSO asserted the possibility of missing 8% projection.

– SPC signed the THB 20 million joint venture agreement to invest and develop the solar rooftop project in Indonesia.

– Individuals continued on selling the rips for another THB 1.08 billion while Foreign Investors returned for a net buy of THB 862 million.

– SET closed at 1,673.48 points, dipped 0.62 points or 0.04% with a trading value of THB 47 billion. Mr. Kitpon Praipaisarnkit, a strategist of UOB Kay Hian, stated that the index had tried to reach the resistance level at 1,680-1,690 points without new positive sentiment to buoy the index which led to a net sell for profit from individuals, and the situation could continue for a few days.

 

Top 10 Most Impact Shares on April 22, 2019