Thai Stock Market Roundup October 8, 2019

– SET closed at 1,612.17 points, decreased 1.54 points or 0.10% with a trading value of 36.5 billion baht. RHB Securities stated that the Thai market was able to open and maintain higher in the morning session, but faced a selloff for profit-taking in the afternoon, causing the index to close lower for the day. The most anticipating factor would be the trade talks between the U.S. and China on October 10-11 while uncertainty still remains.

–  Foreign Investors led the selling team with 841 million baht of net sell to plunge SET by 1.5 points. Meanwhile, Local Institutions took the chance to buy at a lower price after a consecutive selloff last week.

– ITD signed a ฿2bn contract to construct medical and rehabilitation building at Police Hospital.

– TEAMG entered a feasibility study for the construction of coal-fired mine mouth power.

– THG established “Thonburi Property Management” for management of senior residence.

– “Saksayam” delayed the contract signing deadline of HSR to October 25.

– IVL aimed to issue a subordinated bond worth 15 billion baht with an interest rate of 5% for the first five years.

– CKP confirmed Xayaburi’s COD on time and ready to sell 1,220 MW to EGAT at the end of October.

– INSET closed its first trading day 5% above the IPO.

– Stocks in Focus on October 7, 2019: SAWAD (Maybank Kim Eng TP ฿60.00/share) and CBG (Aira Securities TP ฿91.00/share).

 

Top 10 Most Impact Shares on October 8, 2019