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S&P 500 Bounced Off Trendline Supports as Apple Shares Surged

Fri Sep 16, 2016

The S&P 500 inched up 0.53% for the week, to close on quadruple-witching Friday at 2,139.16, while most of that gain, about 0.36%, came from Apple Inc. (NASDAQ:AAPL) ...

The SET Technical Rebound Could Fade if USD/THB Breaks Out the 35 Baht Level Next Week

Fri Sep 16, 2016

The SET index bounced off the 1,412 support level on Monday, as the USD/THB currency pair pulled back from the 34.95 baht resistance level. The USD/THB climbed as high ...

Downside Risks Grow for Bristol-Myers Squibb Co. as Roche’s PD-L1 Lung Cancer Drug Tecentriq Emerges

Thu Sep 15, 2016

Shares of Bristol-Myers Squibb Co. (NYSE:BMY) continued their downhill slide after tumbling 15.99% on August 5 ...

Shares of PTT Global Chemical Under Selling Pressure as Competition from China’s Refiners Mount

Wed Sep 14, 2016

PTT Global Chemical PCL (SET:PTTGC), 50.18% stake owned directly and indirectly by PTT PCL (SET:PTT), is ...

Fed Officials Stepped Up Rate Hike Talks Ahead of Blackout Period

Fri Sep 9, 2016

The U.S. dollar index, or DXY, a weighted index of the value of the U.S. dollar relative to a basket of six major currencies and practically the USD/EUR exchange rate, inched up 0.30% ...

Wall Street Rushed to the Exits as Jeff Gundlach Said, “Move Money Into Cash”

Fri Sep 9, 2016

The S&P 500 sold off 2.45% on Friday to close at 2,127.8, after the markets were caught by surprise with the Fed's hawkish tone, despite weak U.S. economic data, after ...

Don’t Try to Catch the SET Falling Knife While Thai Baht is Depreciating Against the U.S. Dollar

Fri Sep 9, 2016

The SET index sold off for the second week in the row to close at 1,445.28 on Friday, down 5.1% for the week, as Thai institutions and proprietary trading firms continued ...

Shares of Intouch Are Going Nowhere Along with its Holding Companies

Tue Sep 6, 2016

Intouch Holdings PCL (SET:INTUCH), formerly Shin Corporation PCL, is a Thailand-based company engaged in investments in satellite, internet, telecommunications ...

Fed September Rate Hike, if Any, Has to be Based Upon Something Else Besides Nonfarm Payrolls and Core PCE Data

Fri Sep 2, 2016

The S&P 500 closed at 2,179.98 on Friday, up 0.50% for the week, as weakness in the Healthcare and Energy sectors ...

EU Move of Trying to Grab Tax Revenues from Apple is “Total Political Crap”

Sun Sep 4, 2016

The European Commission ordered Apple Inc. (NASDAQ:AAPL) this week to pay 13 billion euros ($14.5 billion) plus interest in back taxes after the EU accused ...

The SET Index May Face Some Further Downside Risks Heading Into Volatile September

Fri Sep 2, 2016

The SET index sold off 1.18% on Friday, to close at 1,521.48, ahead of the U.S. nonfarm payrolls reports for August, as Thai institutions were dumping shares, according to the SET ...

Shares of Carabao Group Took Off as International Sales of its Energy Drinks Accelerate

Thu Sep 1, 2016

Carabao Group PCL (SET:CBG), 25.01% stake owned by Sathienthum Holdings Limited and 21% stake owned by Miss Nutchamai Thanombooncharoen, Managing Director of ...

Siam Cement Earnings Mixed Amid Weak Demand for Housing Products

Mon Aug 29, 2016

Siam Cement PCL (SET:SCC), 31.6% stake owned by the Crown Property Bureau Group, which manages the Thai royal family’s properties and investments, is Thailand's largest ...

Clinton’s EpiPen Tweet and the OPEC Rumor Mill Drag Down S&P 500, While Fed’s Fischer Hawkish Comments Add More Confusion

Fri Aug 26, 2016

The S&P 500 closed at 2,169.04 on Friday, down 0.68% for the week, as the OPEC rumor mill runs out of steam and ...

Bangkok Airways Shares Are Still Flying High

Fri Aug 26, 2016

Bangkok Airways Public Company Limited (SET:BA), 66.47% stake owned by Puttipong Prasarttong-Osoth, Bangkok Airways President, and the Prasarttong-Osoth family, is a Thailand-based company engaged in the provision of air ...

Fed’s Fischer Comments at Jackson Hole Could Derail the SET Index Rally

Fri Aug 26, 2016

The SET index inched up 0.34% on Friday, to close at 1,549.41, ahead of the speech by Federal Reserve Chair Janet Yellen at the Kansas City Fed’s annual economic ...

Downside Risks for Siam Commercial Bank Shares Increase as Earnings Likely to Get Hit by Bad Loans in the Third-Quarter

Mon Aug 22, 2016

Siam Commercial Bank PCL (SET:SCB), Thailand's third largest lender by assets, 2.77 trillion baht in 2015 ...

S&P 500 Sideways for the Second Straight Week as Financial Markets are Confused About What the Fed is Trying to do

Fri Aug 19, 2016

The S&P 500 closed at 2,183.87 on Friday, practically unchanged for the second week in the row, despite a ...

The SET Index is at Risk of Breaking Down as Concerns About the Tourist Sector and BOT Baht Intervention Rise

Fri Aug 19, 2016

The SET bumped into the lower trendline support of the ascending wedge chart pattern, to close at 1,538.76 on ...

KCE May Take a Pause after a Big Run Up

Thu Aug 18, 2016

KCE Electronics Public Company Ltd. (SET:KCE), 25.64% stake owned by Mr. Pitharn Ongkosit, KCE Electronics President and CEO, and two other Ongkosit family members, is a Thailand-based company engaged in the manufacture ...

How Long Can The U.S. Dollar Index Stay Buoyant Amid Slower Trend Growth Of The U.S. Economy?

Wed Aug 17, 2016

The U.S. dollar index, or DXY, a weighted index of the value of the U.S. dollar relative to a basket of six major currencies, pulled back sharply in late July after the U.S. Federal ...

Bumrungrad Hospital Shares Continue to Get Hammered by Weak Oil Prices and Strong Baht

Mon Aug 15, 2016

Bumrungrad Hospital Public Company Ltd. (SET:BH), 24% stake owned by Bangkok Dusit Medical Services Public Company Ltd. (SET:BDMS) and 14.65% stake owned by ...

The SET Index Uptrend is at Risk as Bomb Blasts Targeted Tourists, While the Market is Already Over-Extended

Fri Aug 12, 2016

The SET pushed higher along the trendline resistance of the ascending wedge chart pattern, to close at a 52-week high ...

S&P 500 Shrugged Off Weak U.S. Retail Sales Data, While the New York Fed Knocks Down the Third-Quarter GDP Forecast to 2.4%

Fri Aug 12, 2016

The S&P 500 closed at 2,184.05, practically unchanged for the week, despite that the U.S. Commerce Department ...

Thai Oil Beat Earnings Estimate Despite Sagging Gross Refining Margin

Wed Aug 10, 2016

Thai Oil Public Company Limited (SET:TOP), 49.1% stake owned by PTT Public Company Limited (SET:PTT), as of February 29, 2016, is a Thailand-based company engaged ...

Advanced Info Service Earnings Missed as Marketing Expenses Skyrocketed

Mon Aug 8, 2016

Advanced Info Service (AIS) Pcl (SET:ADVANC) (OTCMKTS:AVIFY), 40.45% stake owned by Intouch Holdings Pcl (SET:INTUCH) and 23% stake owned by Singtel ...

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