Thai Stock Market Roundup July 10, 2019

– SET closed at 1,739.43 points, rose 17.95 points or 1.04% with a trading value of THB73.61 billion. The SET Index closed higher than the regional market due to a result of government forming and awaiting economic stimulus plan from a new government which has impacted on domestic plays to increase in a positive direction such as the retail sector, communication sector, and industrial sector.
Today, all investors countdown for U.S. Federal Reserve Chairman Jerome Powell’s testimony. Meanwhile, Dow Jones future plunged by 70 points or 0.26%.

– A net buy of THB4182.89 million from Institutions, Proprietary Trading and Foreign Investors buoyed the SET Index closed at 17.95 points while Individuals poured for taking profit.

– Stocks in Focus on 10 July 2019: EKH and SYNEX
        –  The analyst expected a 2Q2019 profit of Ekachai Medical Care Public Company Limited (EKH) to rise in the opposite direction of the hospital sector from the support of IVF center. Thus, the analyst recommended “BUY” EKH share with the target price at THB8.40/share.
        –  The analyst recommended “BUY” Synnex (Thailand) Public Company Limited (SYNEX) share with the target price at THB12/share due to SYNEX benefited from strengthening of Thai baht. Moreover, the pressure from trade tension between the U.S. and China has been relieved after the U.S. allowed the company in the U.S. to do business with Huawei. In addition to the customer who bought Huawei mobile phones, SYNEX has guaranteed to the customer if they cannot use or update the applications, SYNEX is pleased to return the money. For the reason that SYNEX would like to build customer confidence and expected to increase the sale of Huawei.

– TRC signed 2 construction contracts of improvement of roadside drainage system worth ฿926 million.

– ARIN closed the day at THB1.43, dropped THB 0.37 or 20.56%, lower than IPO at ฿1.80. During the session, the highest of ARIN’s share price was THB1.67 and the lowest was THB1.34, with a trading value of THB275 million.
Pol. Gen. Werapong Chuenpagdee, Chairman of the Board of ARIN, has asserted that the company aims to book a total revenue of THB 800 million, higher than the revenue of last year at THB 400 million. Currently, ARIN has a backlog worth THB 400 million to be recognized in succession.

– JAS-JASIF started the mountain climbing after the announcement of ฿38 billion capital increase.

– VGI closed the day at THB9.75, increased THB0.45 or 4.84%. During the session, the highest of VGI’s share price was THB9.80 and the lowest was THB9.45, with a trading value of THB516 million. The analyst recommended “BUY” at the target price of THB11.00/share. A rise of VGI’ share price might due to the effect of negotiation between BTS and Bangkok Metropolitan to renew the green line concession, which would benefit VGI.

– TRUE hiked 6% after the news of contract signing for installing the underground cable in BKK and closed the day at THB5.90, increased THB0.35 or 6.31%. During the session, the highest of TRUE’s share price was THB5.95 and the lowest was THB5.55 with a trading value of THB2,643 million.

– SABINA closed the day at THB26.00, rose THB0.75 or 2.97%. During the session, SABINA gained 5% after a huge plummet of share price in yesterday’s trading session. The highest of SABINA’s share price was THB26.50 and the lowest was THB25.00, with a trading value of THB76 million. 

Top 10 Most Impact Shares on July 10, 2019