THAILAND SET

SET Index Could Head South if Bearish Divergence Turns into a Breakdown

Fri Feb 10, 2017

The SET index gained 0.15% for the week, to close on Friday at 1,585.24, despite that big cap energy stocks, including PTT PCL (SET:PTT) and PTT Exploration and Production PCL ...

GLOW Shares Need Catalysts to Move Higher After Mixed Q4 Results

Thu Feb 9, 2017

Glow Energy PCL (SET:GLOW), 47.34% stake owned by ENGIE Holding (Thailand) Co., Ltd. and a 21.77% stake owned by ENGIE Global Developments B.V., as of August ...

THAI Shares Range Bound as Investors Await a Return to Profit

Thu Feb 9, 2017

Thai Airways International Public Company Limited (SET:THAI), 51.03% stake owned by the Ministry of Finance as of March 10, 2015, is a state-owned enterprise under ...

SET Index Shifted Focus to Breakout-Retest at 1,572 Level, While a Bearish Divergence Emerged

Fri Feb 3, 2017

The SET index lost 0.49% for the week, to close on Friday at 1,582.95, after retesting the 1,600 level last week for the first time since February 2015. The index was led to the down ...

Banpu Shares Stall at the 20 Baht Level as Global Price of Coal Cools Down Following China Relaxing Coal Mining Curbs

Mon Jan 30, 2017

Banpu Public Company Limited (SET:BANPU) is one of the largest coal miners in Southeast Asia. It owns stakes in ...

Siam Cement Shares Broke Out Despite Mixed Fourth-Quarter Earnings

Sat Jan 28, 2017

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 one of Thailand's ...

SET Index Retested the 1,600 Level, the First Time Since February 2015

Fri Jan 27, 2017

The SET index surged 1.78% for the week, to close on Friday at 1,590.80, after retesting the 1,600 level on Thursday for the first time since February 2015. The index was led by big ...

CPF Chart is Starting to Look Bearish as Third-Quarter Earnings Results Were Disappointing

Wed Jan 18, 2017

Charoen Pokphand Foods PCL (SET:CPF), 49.98% stake owned by CPG Group as of March 15, 2016, is a Thailand-based conglomerate agro-industrial and food ...

Time to Flip-A-Coin for the SET Index

Fri Jan 13, 2017

The SET index added another 0.24% for the week, to close on Friday at 1,575.24, despite that big cap energy stocks, including PTT PCL (SET:PTT) and PTT Exploration and Production PCL (SET:PTTEP), were down 0.77% and ...

KTB Shares on the Rise as Loan Loss Provisions May Improve

Thu Jan 12, 2017

Krung Thai Bank PCL (SET:KTB), a 55.05% stake owned by the Financial Institutions Development Fund (FIDF) that is part of the Bank of Thailand (BOT) with a separate legal entity ...

DTAC Shares Break Out Trading Range Despite Intense Competition in Thai Telecom Market

Wed Jan 11, 2017

Total Access Communication PCL (SET:DTAC), a 42.62% stake owned by Telenor Asia Pte. Ltd. and 22.43% stake owned by Thai Telco Holdings Co., Ltd. as of November 4 ...

Raging SET Bulls in Full Control During First Trading Week of the Year

Fri Jan 6, 2017

The SET index surged another 1.85% for the week, to close on Friday at 1,571.48, led by big cap energy stocks, including PTT PCL (SET:PTT) and PTT Exploration and Production ...

IVL Shares Push Higher on Highly-Anticipated Strong Fourth-Quarter Earnings

Thu Jan 5, 2017

Indorama Ventures PCL (SET:IVL), 63.69% stake owned by Indorama Resources Ltd., as of December 30, 2016, is a Thailand-based holding company, investing in various ...

AOT Shares Need to Break Out, or Else

Wed Jan 4, 2017

Airports of Thailand PCL (SET:AOT), 70% stake owned by the Ministry of Finance as of December 17, 2015, operates two principal business segments, which are the airport business and hotel business. The company manages and develops ...

SET Index Closed Out the Year With a Bang as Weak Baht Doesn’t Seem to Matter for Now

Fri Dec 30, 2016

The SET index surged 2.18% for the week, up 19.79% for the year, to close on Friday at 1,542.94, led by big cap stocks including CP All PCL (SET:CPALL), up 59.24% for the ...

Trading Could Get Sloppy as SET Index Failed to Break Out the 1,532 Level

Fri Dec 16, 2016

The SET index was down 3.81 points for another short-trading week, to close on Friday at 1,522.51, as the USD/THB exchange rate may be heading back to retest the 35.90 ...

SET Retail Investors Book Profits as Confidence Tumbles

Fri Dec 9, 2016

The SET index gained 1.64% for the short-trading week, to close on Friday at 1,526.32, as the Thai baht continued to hold its ground against the U.S. dollar. For the week, the ...

BDMS Shares About to Break Out Despite the Company Lowering its 2016 Revenue Growth Target

Thu Dec 8, 2016

Bangkok Dusit Medical Services PCL (SET:BDMS) is one of the largest private hospital operators in Thailand, with ...

Thanachart Capital Shares Move Higher Despite the Bank Remaining Cautious

Wed Dec 7, 2016

Thanachart Capital PCL (SET:TCAP), 18.88% stake owned by Thai NVDR Co., Ltd. and 10.77% stake owned by MBK PLC (SET:MBK), as of October 11, 2016, is the parent ...

Bumrungrad Hospital Shares are About to Break Out, Despite the Company Giving Flat Full Year 2016 Revenue Guidance

Tue Dec 6, 2016

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

The SET Trade Could Get Messy Again if Selling Persists

Fri Dec 2, 2016

The SET index gained 1.26 points for the week to close on Friday at 1,501.66, above the 1,500 psychological level and practically unchanged from last week, as the Thai baht ...

PTT Shares Continue to Consolidate After Mixed Third-Quarter 2016 Earnings Results

Mon Nov 28, 2016

PTT PCL (SET:PTT), 51.1% stake owned by the Ministry of Finance as of March 8, 2016, is Thailand’s largest fully integrated gas and oil company and the eighth largest ...

The SET Breakout Retest Confirmed as “Trump Dump” Trade Fizzles Out

Fri Nov 25, 2016

The SET index gained 1.8% for the week to close on Friday at 1,500.40, just above the 1,500 psychological level, despite that the Thai third-quarter 2016 GDP came in at 3.2% on ...

The “Trump Dump” Trade Was Overdone as SET Index Tries to Bounce Off the Trendline Support

Fri Nov 18, 2016

The SET index declined 1.38% for the week to close on Friday at 1,473.86, as foreign investors continue selling. According to the SET data as of November 18, net sells by foreign ...

MINT Shares Slid After Reporting Mixed Third-Quarter Earnings Results and Offering a Cautious Fourth-Quarter Outlook

Tue Nov 15, 2016

Minor International PCL (SET:MINT), 17.86% stake owned by UBS AG Singapore Branch, 16.53% stack owned by ...

U.S. Election Turned Thailand SET into a Zero-Sum Game as Foreign Investor Selling Intensified

Fri Nov 11, 2016

The SET index gained 0.59% for the week to close on Friday at 1,494.53, despite Donald Trump’s surprising victory on November 9 and a decision by the Bank of Thailand's ...

PTTEP Shares Still Buoyant Despite Mixed Third-Quarter Results and Weak Crude Prices

Fri Nov 11, 2016

PTT Exploration and Production PCL (SET:PTTEP), a 65.29% stake owned by PTT PCL (SET:PTT) as of August 15, 2016, is a Thailand-based company engaged in the exploration ...

Shares of Bangkok Bank Continue Struggling after Posting Weaker-Than-Expected Third-Quarter Earnings Results

Mon Nov 7, 2016

Bangkok Bank (SET:BBL), 33.41% stake owned by Thai NVDR Co., Ltd., is one of the largest regional banks in ...

SET Index Technical Supports Are Breaking Down as Foreign Investor Selling Accelerates

Fri Nov 4, 2016

The SET index pulled back 0.59% for the week to close at 1,485.70 on Friday, after the index made a double top reversal at 1,507, with the Thai baht stabilizing at around 35 baht ...

AOT Shares Descend as Concerns Rise Over Air Travel Heading Into Peak Season

Thu Nov 3, 2016

Airports of Thailand PCL (SET:AOT), 70% stake owned by the Ministry of Finance as of December 17, 2015, operates two principal business segments, which are the airport ...

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