Thai Stock Market Roundup October 24, 2019

– SET closed at 1,620.97 points, decreased 10.49 points or 0.64% with a trading value of 70.3 billion baht. Finansia Syrus stated that the market was weaker than the regional market mainly due to the selloff in the banking sector, especially KBANK that revealed a shaky financial goal for 2020, which led to the panic over whether other banks in the sector would have the same performance or not. The banking sector plunged the SET Index by 6-7 points.

Finansia gave a support level for tomorrow’s session at 1,610-1,600 points and resistant level at 1,630-1,640 points.

– Institutional plunged SET Index with ฿4.5bn of net sell while Foreign Investors scooped ฿2.8bn and Individuals buy the rips for ฿1.1bn.

– ACG opened a new service center in Krabi for maintenance schedule and general maintenance.

– RBF closed the trading day at ฿4.36/share, increased ฿1.06/share or 32.12% with a trading value of 2,409 million baht, above its IPO at ฿3.30/share.

– TIGER signed three new construction contracts worth 457 million baht.

– TEAMG signed an agreement for the aviation consulting business development with the U.S.’s PSA.

– IVL joined four banks to sell subordinated bonds on 4-7 November, asserting no effect from TAS32.

– WHART expected for its 4th capital increase at 4.88 billion baht around mid-November.

– TU will sell a perpetual subordinated bond on 26-28 November with A- rating.

– CP Consortium inked the HSR deal with SRT, expecting to run the first train in 2023.

– STEC signed a 3.25bn contract with MEA to convert overhead cables to the underground.

– Stocks in Focus on October 18, 2019: SPALI (Krungsri Securities TP ฿23.00/share) and TASCO (Kingsford Securities TP ฿24.40/share).

 

Top 10 Most Impact Shares on October 24, 2019