Thai Stock Market Roundup November 29, 2019
A short summary to inform investors of what had happened in the Thai stock market on November 29, 2019.
– SET closed at 1,590.59 points, declined 7.09 points or 0.44% with a trading value of 51.8 billion baht. The analyst stated that concerns over the U.S. President Donald Trump signing the bill to aid protesters in Hong Kong still lingered and could potentially damage the relationship with China. Meanwhile. HSI plunged over 2% after a report of the next upcoming protest on December 8, 2019.
The Thai stock market might be able to rebound next week as the fund from LTF and RMF will start to flow in.
– Foreign Investors and Institutions combined a total of 4.3 billion baht selloff to continue plunging SET by another 7 points.
– STC closed its first trading day at ฿0.87/share, plunged ฿0.13/share or 13%.
– DEMCO acquired a project from EGAT with a value of 120 million baht.
– GUNKUL expected profit in 2019 to grow outstandingly, aimed to operate a total of 1,000 MW within 2021.
– BGRIM set to achieve 10,000 MW milestone within 2027, advancing to invest in power plant and M&A.
– ThaiBev considered a decade’s biggest IPO of $10bn brewery business in SGX.
– Stocks in Focus on November 29, 2019: TMB (Asia Wealth Securities TP at ฿2.10/share) and CHG (Maybank Kim Eng TP at ฿3.10/share).
Top 10 Most Impact Shares on November 29, 2019
