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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 ...

Intel Data Center Threats Grow As U.S. Economy Stagnant

Thu Oct 26, 2016

Shares of Intel (NASDAQ:INTC) have pulled back sharply from the October high of $38.36 on revenue concerns, despite the company reporting third-quarter 2016 revenues and ...

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 ...

S&P 500 Treading Water as U.S. Economy is Heading to 1.4% Growth

Fri Oct 21, 2016

The S&P 500 traded 0.38% higher for the week, to close on Friday at 2,141.16, despite a drag by the S&P 500 Telecommunication services sector, down 3.80% for the ...

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 ...

Gold And Japanese Yen Should Rebound As December Fed Rate Hike May Be Unrealistic

Wed Oct 19, 2016

Concerns about a Fed rate hike and the announcement by the U.K. Prime Minister Theresa May that she and her government will trigger Britain's exit from the European ...

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 ...

S&P 500 Craters, Lead by Healthcare Sector on Concerns Over Democrats Taking Control of Congress

Fri Oct 14, 2016

The S&P 500 traded 0.96% lower for the week, to close on Friday at 2,132.98, dragged down by the S&P 500 Health ...

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 ...

Pfizer's Growth Strategies May Need More Than Just Small Acquisitions

Wed Oct 12, 2016

Shares of Pfizer (NYSE:PFE) have declined about 10% since August 1 along with the S&P 500 Healthcare sector down 6.5%. In late August, the company announced the ...

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 ...

S&P 500 Rattled as Fed Officials Talk Up Rate Hike

Fri Oct 7, 2016

The S&P 500 lost 0.67% for the week, to close on Friday at 2,153.74, after Fed officials continued to talk up a rate hike while U.S. economic data was a mixed bag. The financial markets were rattled by hawkish remarks from Fed ...

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 ...

S&P 500 Ready for a Breakout Despite a Bad Week for the U.S. Economy

Fri Sep 30, 2016

The S&P 500 managed to gain 0.17% for the week, to close on Friday at 2168.27, despite that the global financial markets were rattled by Deutsche Bank (NYSE:DB) woes and ...

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 ...

Japanese Yen And Gold Are About To Break Out As The Yield Curve Flattens

Wed Sep 28, 2016

Concerns about the weakening U.S. and global economies and the Bank of Japan's, or BOJ's, negative interest rate policy, have put buying pressures on the Japanese yen ...

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 ...

S&P 500 Surged After Fed's Yellen Pretty Much Told Everybody, “See You in December for a Rate Decision, Maybe!”

Fri Sep 23, 2016

The S&P 500 managed to gain 1.19% for the week, to close on Friday at 2,164.69, despite several “unusual” trading ...

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 ...

Biotech ETF IBB Could Get A Boost From A Potential Gilead Merger Or Acquisitions

Thu Sep 22, 2016

The iShares Nasdaq Biotechnology ETF (NASDAQ:IBB), which tracks the Nasdaq Biotechnology Index (NASDAQ:NBI), and shares of Mylan N.V. (NASDAQ:MYL) tumbled 3.36% ...

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 ...

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