Thailand’s SET Index closed at 1,424.39 points, increased 2.81 points or 0.20% with a trading value of 53.8 billion baht. The analyst stated that the Thai stock market moved narrowly after pricing in positive factors in the past few days. The market was looking ahead to the Fed’s meeting next week with a speculation for a 25bps rate cut.
The analyst recommended investors to monitor the Thai cabinet meeting next week for further announcement of stimulus packages.
China is planning to reduce interest rates on over $5 trillion worth of existing mortgages as early as this month, according to sources familiar with the matter. The move is part of an accelerated effort to lower borrowing costs for millions of families, aiming to stimulate consumption and boost the economy.
Certain banks are in the final stages of preparation for the imminent adjustments to mortgage rates, with some homeowners expected to benefit from an immediate rate reduction of up to 50 basis points. The exact timeline for the rate cuts is still being finalized and subject to change, as confirmed by the sources. The People’s Bank of China and the National Financial Regulatory Administration have not provided official comments on these developments.
The world’s first private spacewalk was completed, fashioning new spacesuits and a Crew Dragon space capsule as SpaceX successfully undertook a task previously limited to NASA. Mission: Polaris Dawn let two astronauts spend 10 minutes in space tethered to a capsule.
Jared Isaacman, founder of Shift4, piloted the capsule and was the first to experience the vacuum, followed by Sarah Gillis, a SpaceX engineer, while two other crew members Scott Poteet and Anna Menon stayed in. The crew launched from Florida and has been in orbit 730 kilometers above the Earth.
The purpose was to test the spacesuits along with the depressurization process in the hope for future missions to Mars, as well as the extent a private company can achieve in traversing the cosmos.
BTS is expecting to promptly receive the THB 14 billion outstanding fee from its operation and maintenance (O&M) of the Green Line trains. “Chadchart” expedited the Bangkok Metropolitan Council to settle the amount by the end of September, within FY24 to avoid incurring interest in FY25, while the remaining amount totaling THB 25 billion will be later negotiated. BTS executives are certain of the ensuing 0.25 D/E ratio, while brokers suggest a target price at THB 5.59 – comparatively inexpensive in comparison to 1.3x P/B and other positive factors.
