Thai Stock Market Roundup May 7, 2019
A short summary to inform you of what had happened in Thai stock market on May 7, 2019.
A short summary to inform you of what had happened in Thai stock market on May 7, 2019.
8 พ.ค. 2562

– SET closed at 1,669.68 points, decreased 9.37 points or 0.56% with a trading value of THB 51.4 billion as investors still concern about US-China trade after the U.S. President Donald Trump tweeted to impose 25% tariffs on $200 billion worth of Chinese goods. Asia markets started to recover, though some still closed in negative territory due to the announcement from Chinese delegates that they will be traveling to Washington for the meeting on this Thursday and Friday. 
Krungsri Securities believes that the market would rebound tomorrow, giving a support level at 1,660-1,665 and resistance level at 1,680 – 1,685.
– Institutions and Foreign Investors panicked over the trade war, plunged SET by 9.37 points with a total of THB 2 billion net sell. 
– TPOLY was awarded with 6 construction projects for a total of THB 2.1 billion. The share hiked as much as 8.16% on May 7, 2019.
– Trade tension pressured SET to opened 10pts lower, analyst suggested BUY CK/CPF, target price at ฿30.00/share
– JASIF’s higher income buoyed 1Q19 profit by 20% to record at THB 1.57 billion.
– ORI insisted no cancellation of “KnightsBridge,” asserted the completion date to remain the same in 3Q19.
– DTAC raised above consensus, gained 2% as “Telenor” was in talk with Malaysia’s Axiata for a mega project.
– IVL reported 36% less in profit in 1Q19 due to higher interest expenses and depreciation.
– JAS’s 1Q19 profit shrunk 26% from the record of additional debts worth THB 176 million.
– IRPC sank 3% after Q1 profit recorded 94% lower, analysts insisted “Buy” at ฿7.00/share.
– SUPER delayed sales of Infra Fund to June, clarified 2 power plants still awaits licenses.
– SPRC fell 3% to a new low in two months, analysts pointed out the share might get excluded from SET50 in the adjustment.
 
Top 10 Most Impact Shares on May 7, 2019

 
 