Thai Stock Market Roundup October 29, 2019

– SET closed at 1,591.21 points, decreased 5.27 points or 0.33% with a trading value of 57.4 billion baht. Thai stock market swung ups and downs in today’s trading session, in line with the regional market that closed mixed. Still, the market hoped for the first phase of the trade deal between the U.S. and China to go through.

As for the domestic matter, the plummet could be the fact that some of the 3Q19 financial statements had started to be announced and that was what worried investors the most due to the global economic slowdown. Analyst expected tomorrow’s session to be quiet, giving a support level at 1,580 points and a resistance level at 1,604 points.

– Foreign Investors poured 1.4 billion baht to worsen the Thai stock market, plunged the index by 5pts.

– CKP announced the commencement of 1,220 MW Xayaburi HPP.

– DELTA’s 3Q19 profit plunged 63% to 618 million baht from the decline in sales.

– HMPRO reported a rise in profit by 8.5% in 3Q19 after recording lower cost and SG&A.

– A source said that Saudi’s Aramco will start to sell its IPO on December 11 which could be a positive sentiment to hike oil prices.

– SAMART was confident in achieving its target this year after having a backlog worth 9 billion baht while aiming to bid for another project worth 10 billion baht.

– Stocks in Focus on October 29, 2019: IVL (Kasikorn Securities TP ฿42.00/share) and SINGER (Maybank Kim Eng TP ฿10.40/share).

 

Top 10 Most Impact Shares on October 29, 2019