Thai Stock Market Roundup October 18, 2019

– SET closed at 1,631.43 points, plunged 1.37 points or 0.08% with a trading value of 55.3 billion baht. After a small surge at the opening bell, a selloff from big cap stocks such as AWC, GULF and BGRIM at a high value dragged the market to close lower.

Moreover, the political issues from the parliament and uncertainty of the government budget to be approved or not had reflected negativity to the market.

Analyst advised to watch tomorrow’s motion closely which could have an impact on the session on Monday as well as the voting for Brexit at the British parliament late Saturday.

– Foreign Investors led the selling team with ฿1.65bn net sell, plunged SET Index to close slightly lower.

– SCB posted a 40% growth of profit in 3Q to book near ฿15bn, mainly from SCB Life and higher net fees.

– PTT asserted on the deregistration of “PT MPC” and “PT CBB” to not affect the business.

– BAY’s 3Q19 profit grew 6%, reached ฿6.5bn from higher operating profit.

– KKP gained nearly 4% of profit in 3Q19 from booking higher interest income.

– TCAP’s 3Q19 profit jumped 32% to ฿2.47bn from higher non-interest income and lower expenses.

– Net fee and service income kept BBL’s 3Q19 profit higher at 4.5%.

– B advanced to E-Commerce business, joining Lazada for delivery service.

– COM7 was confident in making a sales revenue at 30 billion baht this year in response to iPhone 11 sales.

– Stocks in Focus on October 18, 2019: AOT (Krungsri Securities TP ฿87.00/share) and CPF (Maybank Kim Eng TP ฿34.00/share).

 

Top 10 Most Impact Shares on October 18, 2019