THAILAND SET

SET Index Treads Water as Investors Look for Direction

Fri Oct 28, 2016

The SET index went nowhere for the week, as it traded down 5.93 points to close at 1,494.44 on Friday, just below the key psychological resistance at 1,500.00, with the Thai baht ...

Investors Turned Bearish After Bangkok Dusit Medical Cuts 2016 Revenue Growth Target

Thu Oct 27, 2016

Bangkok Dusit Medical Services PCL (SET:BDMS) is one of the largest private hospital operators in Thailand, with approximately 102.1 billion baht in assets as of June 2016 ...

Thanachart Capital Shares Pushing Against the 42.75 Baht Head Resistance While the Bank Remains Cautious

Tue Oct 25, 2016

Thanachart Capital PCL (SET:TCAP), 18.88% stake owned by Thai NVDR Co., Ltd. and 10.77% stake owned by MBK ...

SET Index Needs to Break Out or Else

Fri Oct 21, 2016

The SET index traded up 1.57% for the week, to close at 1,500.37 on Friday, just above the key psychological resistance at 1,500.00, as the Thai baht rebounded. The index is trading in a descending wedge chart pattern and needs ...

Delta Electronics Thailand Shares Struggle as Revenues and Profits Are Flat

Wed Oct 19, 2016

Delta Electronics Thailand (DET) PLC (SET:DELTA), 57.6% stake owned by Singapore-based Citibank Nominees Singapore Pte Ltd, as of March 4, 2016, is a Thailand ...

EGCO Shares Need to Break Out or Else

Wed Oct 19, 2016

Electricity Generating PCL (SET:EGCO), 25.41% stake owned by EGAT, 23.94% stake owned by TEPDIA Generating B.V., and 19.43% stake owned by Thai NVDR Company Limited, as of September 6, 2016, is Thailand’s second ...

SET Investors Taken on a Roller Coaster Ride and the Turmoil May Not be Over Yet

Fri Oct 14, 2016

The SET index traded down 1.42% for the week, to close at 1,477.61 on Friday, just below the key technical resistance at 1,478.40, or 23.6% Fibonacci retracement, despite ...

KBANK Shares Struggle at the 190 Baht Level Despite Loan Growth on Track to Meet Target

Wed Oct 12, 2016

The SET index traded down 1.42% for the week, to close at 1,477.61 on Friday, just below the key technical resistance at 1,478.40, or 23.6% Fibonacci retracement, despite ...

SET Investors Defy Currency Risks

Fri Oct 7, 2016

The SET index surged 1.42% for the week, to close at 1,504.34 on Friday, after breaking out the key technical resistance at 1,478.40, or 23.6% Fibonacci retracement on Tuesday, while the USD/THB currency pair also gained ...

TASCO Tanks After Huge Declines in Q2 Top- and Bottom-lines

Tue Oct 4, 2016

Tipco Asphalt PCL (SET:TASCO), a 31.78% stake owned by Hong Kong-based BNP Paribas Securities (Asia) Limited for Colas Group, which is a major French civil engineering ...

SET Index Stuck at Trendline Resistances as Thai Baht Rally Against the U.S. Dollar Shows Signs of Fading

Fri Sep 30, 2016

The SET index inched lower 0.65% for the week, to close at 1,483.21 on Friday, retesting the key trendline support at ...

Investors Turn Bearish on TRUE as the Company Continues Posting Losses

Thu Sep 29, 2016

True Corporation PCL (SET:TRUE) is a Thailand-based fully-integrated, nationwide telecommunications provider with three core business segments including: True Mobile ...

Bangchak Petroleum Stuck in Trading Range Along With Crude Prices

Tue Sep 27, 2016

Bangchak Petroleum PCL (SET:BCP), 15.60% stake owned by Vayupak Mutual Funds One, 14.31% stake owned by the Social Security Office of Thailand and 9.98% stake owned ...

A SET Technical Breakout on a Strengthening Baht Against the U.S. Dollar, But Downside Risks Remain

Fri Sep 23, 2016

The SET index inched up 0.93% for the week, to close at 1,492.88 on Friday, breaking out the key trendline ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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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