Thai Stock Market Roundup November 18, 2019

– SET closed at 1,608.00 points, increased 5.77 points or 0.36% with a trading value of 42.9 billion baht. The analyst stated that the SET Index had rebounded after dropping in the past few days. Even though there is a positive sentiment from the trade deal between the U.S. and China, the lower than expected GDP in 3Q19 had held the market back from surging.

The support level for tomorrow’s session is expected to be at 1,600-1,595 points and the resistance level at 1,615 points.

– Individuals joined Proprietary Trading to buoy SET by 6 pts with a net buy of ฿634 million

– SCB and 15 top banks inked the loan agreement for GULF to proceed the phase two 2,650MW IPP.

– Thai GDP expanded 2.4%, NESDC expected tourism to boost 4Q to reach 2.6% in 2019

– BGRIM announced that the company was set to COD Ground-Mounted Solar Farm Project in Cambodia within October 2020.

– MINT took over “Bonchon” business in Thailand, expected a high return from the business.

– SAMTEL revealed a backlog worth more than 9 billion baht, expecting to join the bidding from the government and private sector.

– BJCHI expected to turn around to profit this year after receiving a high number of orders as well as bidding for the new project worth 15 billion baht.

– SCN revealed that the first phase of “Minbu Power Plant” is close to the COD, expected the solar rooftop project to have full installed capacity at 110MW in 2022.

– U invested 890 million baht to purchase 19 “Vienna House” hotels, advancing on penetrating the German market.

– Stocks in Focus on November 18, 2019: RBF (KTB Securities TP ฿5.00/share) and LH (Maybank Kim Eng TP ฿12.20/share).

 

Top 10 Most Impact Shares on November 18, 2019