Thai Stock Market Roundup December 12, 2019

– SET closed at 1,563.85 points, increased 12.03 points or 0.78% with a trading value of 56.7 billion baht. The analyst stated that the Thai stock market rebounded from its continuous plummet after the Fed’s decision to maintain the policy rates at 1.50-1.75%. This could be seen as a positive sign that the U.S. economy had come to a steady or better point while the unemployment rate was also at a historic low.

Moreover, the upgrade of S&P Global Ratings on Thailand yesterday had helped boost investor’s confidence for investment in the Thai stock market.

– Institutions, Proprietary Trading and Local Individuals combined a total of ฿2.8bn net buy to shoot SET Index up by 12 points.

– Fed Holds Interest Rates, Foreseeing Favorable Economic Outlook in 2020.

– SET will post a “C” sign on PRIME tomorrow due to the shareholders’ equity was less than 50%.

– MTC asserted that the “Refinance” project will not affect the company while expecting its loan portfolio to grow 30% this year.

– BBL fell 4.4% after investors expected the PT Bank Permata Deal would not worth the candle.

– AMATA established a joint venture, holding 45% to provide consultant service for future projects.

– TFG expected a revenue growth by 15% in 2020 from higher demand in processed meat.

– Stocks in Focus on December 12, 2019: CPN (Maybank Kim Eng TP at ฿87.00/share) and BBL (Krungsri Securities TP at ฿82.00/share).

 

Top 10 Most Impact Shares on December 12, 2019