Thai Stock Market Roundup June 19, 2019
A short summary to inform you of what had happened in Thai stock market on June 19, 2019
– SET closed at 1,705.98 points, increased 22.38 points or 1.33% with a trading value of THB 107.56 billion. Thai stock exchange closed higher than yesterday due to positive factors in both domestic and overseas. The domestic factors that made Thai market closed positively are; firstly, the result of final cabinet forming, which the list of 35 ministers will be submitted for royal endorsement this month and secondly, the buoyancy from the AOT’s duty free announcement that booked higher revenue than expected from airport concession, acquired by King Power. For the overseas factors, there is a positive signal on U.S. and China trade talks after Trumps and Xi set to meeting in G20 summit and investors wait for Fed’s decisions on the interest rate.
– PTTEP greenlighted “Mozambique Project,” expecting an increase of 140MMBOE in 1P.
– DTAC-ADVANC-TRUE acquired 700MHz license each, investing THB17.5bn/license. As a result of acquiring the license, TRUE-ADVANC gained 4.72% and 2.01% respectively but DTAC plunged 2.88% due to a concern of higher installment next year.
– AOT aimed to book THB23 billion in 2021 from airport concession, adding THB13 to AOT’s share price. At the end of the day the share price of AOT closed at THB73.75, increased THB5.75 or 8.46% with a trading value of THB23,510 million. During the session, the price peaked at THB74.75 while the lowest price was at THB68.25.
– Analyst maintained a positive view on JMT after entering to SET50, upgrading target price to THB20.80.
– NER expects THB13.5 billion of revenue growth due to higher Chinese customer base.
Top 10 Most Impact Shares on June 19, 2019
