1) Thai stock market overview
Thailand’s SET Index closed at 1,684.23, increase 6.99 points or 0.42% with a trading value of 84 billion baht. The analyst stated that the Thai stock market closed higher in the same direction as other regional markets, while European markets are also trading in positive sessions as investors continued to monitor the U.S. inflation data later this week. In addition, the analyst expected SET Index to move in a range of 1,670-1,690 points.
2) Thailand may suffer higher inflation in 2022 as groceries keep rising
Krungsri Research Center revised up its inflation forecast for 2022 to 2.0 percent (from 1.5 percent) to reflect the rapid acceleration of inflation, which is anticipated to remain over the official target through 1Q22. The upgrade came after the Ministry of Commerce reported that Thailand’s Consumer Price Index (CPI) increased 3.23 percent in January, exceeding the market’s expectation of 2.40 percent.
3) RS invests THB880 million to take over direct sales business from Unilever
RS Group invests 880 million baht to fully take over direct sales business from Unilever to support Entertainmerce model to grow exponentially and drive ULife as a leading direct sales player in the modern era.
4) BTS Green Line concession derailed after agenda got postponed from cabinet meeting
The share price of BTS Group Holdings Public Company Limited (SET: BTS) and other related listed-companies such as VGI Public Company Limited (SET: VGI) traded lower on February 8, 2022, after the Thai cabinet meeting postpone the agenda of extending the concession of the Green-Line Mass Transit Railway due to unsettle matters, including the train fare, ticket types and other regulations. Meanwhile, Saksayam Chidchob, Minister of Transport and six others from Bhumjaithai Party did not attend the meeting due to personal matters, resulting in a postponement.
