1) Thai stock market overview
SET Index closed at 1,657.06 points, decreased 0.56 points or 0.03% with a trading value of 79.5 billion baht. The analyst stated that the Thai stock market moved in both territories without any direction while a slip in the afternoon session was due to the sentiment from European markets and a rise in bond yield to 1.80%. The analyst recommended investors to monitor the U.S. inflation data, giving a support level for tomorrow’s session at 1,650 points and a resistance level at 1,665 points.
Local Institutions and Individuals combined a 1.9 billion baht of selloff to plunge SET Index at the closing by 0.56 points.
2) Myanmar court added 4 years of jail time to Suu Kyi
Myanmar court has sentenced a 76-year-old Nobel Peace Prize laureate Aung San Suu Kyi to an additional four year in prison after finding her guilty of illegally importing and possessing walkie-talkies and violating Covid-19 restrictions. If found guilty of all charges stacking on her profile, she could be sentenced to more than 100 years in prison.
3) Osotspa partners with Yanhee to penetrate cannabis and hemp market
Osotspa Public Company Limited (SET: OSP) made an official announcement on January 7, 2021, that its Board of Directors Meeting on 10 November 2021 has a resolution on the collaboration between Osotspa and Yanhee Vitamin Water Co., Ltd. (Yanhee) to establish a new company in Thailand. This investment is consistent with OSP’s overall herbal strategy to extend the beverage portfolio into a new adjacent category to capture growth opportunities.
4) IVL plans to expand packaging business into Vietnam
Indorama Ventures Public Company Limited (SET: IVL) announces that it is in the process of acquiring shares in Ngoc Nghia Industry – Service – Trading Joint Stock Company (NN), a leading PET converter in Vietnam with long-standing relationships with major brands with a total production capacity of approximately 5.5 billion units of PET preforms, bottles and closures, or equivalent to a PET conversion of 76,000 tons per annum.
