Thai Stock Market Roundup November 14, 2019
A short summary to inform investors of what had happened in the Thai stock market on November 14, 2019.
A short summary to inform investors of what had happened in the Thai stock market on November 14, 2019.
14 พ.ย. 2562

– SET closed at 1,609.47 points, decreased 5.67 points or 0.35% with a trading value of 48.8 billion baht. The market plunged for the second day in a row after investors could not find a promising sign for the first phase trade deal between the U.S. and China. Meanwhile, CNBC reported that the U.S. is seeking stronger concessions from China on intellectual property protections and a cessation of forced technology transfer in exchange for rolling back tariffs on Chinese goods.
The Chinese industrial production data for October also missed forecasts, posting a growth of 4.7% YoY which was lower than the forecast at 5.4%.
– Institutions made a selloff for ฿2.4bn as the uncertainty of trade tension still haunts the market.
– GULF’s reported a 32% surge in core profit as a 9-month net profit nearly hit ฿4bn.
– BGRIM’s high sales and service revenue hiked normalized profit to jump 69%.
– CPF’s 3Q19 profit surged 23% after recording a jump of 235% from the sale of investment.
– ECF’s 3Q19 profit edged slightly lower, expecting to recover in 4Q.
– All businesses contributed to the growth of JMART, posting a surge of 47 folds in profit.
– Revenue from sales and service buoy COM7’s net profit in 3Q19 to increase by 22%.
– SUPER’s 3Q19 profit jumps 1 fold from SUPEREIF, offering a dividend at ฿0.011/share.
– FPT’s 3Q19 profit hikes 172% from higher revenue, offering a dividend at ฿0.46/share.
– WIIK reported a satisfying increase of 886% in 3Q19 profit, booking ฿11m from high sales.
– GL recorded only ฿9.5m of profit in 3Q as a selloff plunged its share price by 14%.
– Stocks in Focus on November 14, 2019: JMT (Maybank Kim Eng TP ฿21.60/share) and ERW (KTB Securities TP ฿7.10/share).
 
Top 10 Most Impact Shares on November 14, 2019
