Kaohoon Morning Brief – 6 September 2021
Morning brief of major stories since the closing of the Thai stock market on 6 September 2021.
Morning brief of major stories since the closing of the Thai stock market on 6 September 2021.
6 ก.ย. 2564

1) Disappointed nonfarm payroll report
The U.S. reported an increase of 235,000 positions in nonfarm payroll growth in August, which was the slowest growth since January and was far lower than an estimation of 720,000 positions by economists. Meanwhile, the unemployment rate dropped to 5.2% from 5.4%, in line with estimates.
 
2) J.P. Morgan sees positive returns for ASEAN markets
J.P. Morgan expected positive returns for all ASEAN markets in 2021, while reiterating overweight on Thailand, Indonesia, Singapore and Vietnam after an outstanding 2Q21 earnings performance that beat its estimates by 5%.
 
3) Japan’s stocks surge for the second day after PM announced retirement
Japan’s Nikkei gained 2% in the morning session after surging to a three-decade high last Friday in response to the announcement of Prime Minister Yoshihide Suga, saying that he will retire from running for the leadership of LDP.
 
4) BGRIM cuts 30% stake in two power plants to Singha Estate
B.Grimm Power cut its 30% stake in B.Grimm Power (Angthong) 2 Limited and B.Grimm Power (Angthong) 3 Limited to Singha Estate Public Company Limited to acquire 1,630 million baht from the investment.
 