CGS International Securities assessed today SET Index will adjust upward in the range of 1,455 +/- while still recommending Domestic Play stocks with reference to the first-phase handouts – estimating the Thai trade statistics with export growth at 6% YoY and import at 6.5% YoY.
Kasikorn Securities highlighted the SET Index ranging between 1,450-1,480 today as the US stock market adapted to Dow Jones +0.20% and S&P 500 +0.25%, achieving all-time high, while Nasdaq Composite +0.56% – reaching its highest in two-month period following the PBOC’s economy stimulus program, recommending SIRI and TKN.
Finansia Syrus Securities predicted a continued positive swing in today’s SET Index within the frame of 1,455-1,470 with sentiment encouraged by the Chinese stimulus measures affecting the regional economy – suggesting Consumption Play stocks.
Thonburi Healthcare Group (SET: THG) has notified the SET the company’s board of directors passed a resolution to effectively replace Mrs. Charuvarn Vanasin with M.D. Aurchat Kanjanapitak as the Chairman of the board. However, Mrs. Charuvarn will remain a director of THG.
MFC Asset Management (SET: MFC) has notified the SET of the company’s changes of directors, major shareholders, and chair of the audit committee, pursuant to the share purchase agreement between Country Group Holdings (SET: CGH) and Opus Chartered Issuances S.A., the purchaser, dated 22 August 2024. At the same time, CGH has informed the SET of the same disposition.
Filter Vision (SET: FVC) and KT Medical Service (SET: KTMS) through the SET have invited their respective shareholders to propose agendas and nominate directors in the 2025 annual general meeting to be held from September 25 to December 31. Eligible attendees can find more detail on the company’s official website.
Bangchak Corporation (SET: BCP) has informed the SET of its subsidiary OKEA ASA selling off Yme petroleum field to a Norwegian company Lime Petroleum AS for USD 15.65 million, a price exceeding its book value.
Airports of Thailand (SET: AOT) in collaboration with Energy Absolute (SET: EA) will begin the production of sustainable aviation fuel (SAF) to lay a foundation for sustainable airlines. Over THB 3 billion has been invested in the development of tank farms and SAF mixtures, while Bangkok Aviation Fuel Services (SET :BAFS) desires to push Thailand to be the production base as well as distribution center of said fuel.
The Ministry of Energy pushed for a national energy plan to reduce carbon emission targeted at 222 million tons by 2030, together with the revision of power development plan to add more solar generation. Preliminary assessment revealed THB 2.9 trillion will be needed.
South Korean central bank data showed mounting concerns about slow recovery of domestic demand as consumer sentiment worsens for the second successive month.
