stock market
- Business News
Thai stock market suffers as Stark Corporation defaults
Investors were cautioned by stock market regulators regarding Stark Corporation’s shares, as the company is expected to default on payments for corporate bonds valued at nearly 9.2 billion baht. Following a bondholders’ meeting, Stark announced its intention to “call default” on two bond series worth 2.24 billion baht within a month, raising concerns about the company’s ability to pay for…
- Business News
Nvidia valuation drops despite rally as earnings estimates outpace share price
Nvidia Corp’s impressive stock rally in recent days has seen the chip developer’s valuation decrease, as measured by the forward price/earnings (P/E) ratio. Over the last three sessions, the company’s stock has risen more than 31%, with a 3% gain reaching $401.11. Despite this, Nvidia’s P/E multiple has fallen due to Wall Street’s earnings expectations for the company rising even…
- World News
SET and SGX launch cross-border trading for Thai depositary receipts
The Stock Exchange of Thailand (SET) and the Singapore Exchange (SGX) announced a joint venture that enables the trading of three depositary receipts (DRs) of Thai-listed companies on the SGX. This innovative collaboration, launched yesterday, is the first of its kind under the Thailand-Singapore DR Linkage project and aims to boost the appeal of Thai-listed companies in the regional market by…
- Business News
SET index drops after MFP election win spooks investors
Despite the Move Forward Party (MFP) election victory on Sunday, the Stock Exchange of Thailand (SET) experienced a downturn yesterday. Investors sold shares related to politics and large-cap stocks that could be negatively impacted by the MFP’s policies, according to analysts. The SET index closed 1.28% lower yesterday, with shares of Gulf Energy Development Plc (GULF), Thailand’s largest power producer,…
- Hot News
Stock market share trades to be taxed in Thailand after being exempt for past 30 years
After being exempt for the past 30 years, the Thai cabinet has decided to make stock market share trades taxable. According to Thai PBS World, Finance Minister Arkhom Termpittayapaisith says that now all stocks that are traded on the market, whether at a profit or loss, will be subject to a financial transaction tax of .1%. He furthered that the…
- Economy News
Thai stock market is a favorite among foreign shareholders
Last month, foreign investor confidence in Thai stocks stayed strong, with the kingdom’s stock exchange recording net inflows of nearly 140 billion baht for the sixth month in a row. International investors believe that any food shortages will have a minimal effect on the Thai economy and that the tourism sector will rebound in the second half of 2022, according…
- Thailand News
Foreign investors sell 123 billion baht in bonds since Russia’s war in Ukraine
Foreign investors of Thai bonds are selling off their baht in favour of the US dollar. Since Russia’s invasion of Ukraine, the Thai bond market has recorded net sales of some 123 billion baht in foreign capital. That’s according to the Thai Bond Market Associate, which reported the data for February 4 to March 28. Last month, about 100 billion…
- World News
Asian stocks rise with new Russian sanctions, market volatility increases worldwide
Asia markets ticked higher at opening on Friday, encouraged by a rebound of the US stock market, after Russia was struck with a flurry of international sanctions. US President Joe Biden has announced a new round of sanctions against Russia, crippling its ability to conduct business in major currencies. Many indexes were in the green on Friday morning, including Tokyo’s…
- Economy News
Market down as good US economy drives interest rate fears
After US inflation exceeded targets and increased 4%, global stock markets including Thailand plummeted yesterday with fears of rising interest rates. Almost 144 billion baht was traded yesterday with the market at one point diving down 70 points in the late afternoon before recovering to a 23.72 point loss, closing at 1548.13. 2% is a high rate of inflation so…
- Thailand News
2020’s movers, shakers and influences (that weren’t Covid) | VIDEO
2020 The big events, the winners and the losers 2020 has been one of the most disruptive years in history, certainly for anyone that has lived since the great depression and the world wars. But although Covid-19 has been the big headline for the year, there has still been highlights and big news in all fields. Some of these big…
- World News
Asia stocks rise along with coronavirus cases
Asian stocks are rising along with the number of coronavirus cases after the WHO reported the highest daily rise since the pandemic began. The fine line between a second wave in cases and the removal of lockdowns seems to favour a more conservative approach in the stock market as caution is being taken. The Nikkei 225 ranked 0.3% higher in…
- Economy News
Local markets in Asia retreat as US President Trump talks up revised trade war
Steep losses are the order of the day as local markets follow the lead from a sell off in New York after US President Trump foreshadowed a new round of trade sanctions on China. The US President and his Secretary of State Mike Pompeo have openly accused the Chinese government that the Covid-19 started in a lab in Wuhan, and that…
- Economy News
Thai stocks tumbles, SET drops nearly 6%
Thailand’s stock exchange, the SET, plunged yesterday along with the region’s other bourses. The index dropped amid concerns over the growing global Covid-19 coronavirus pandemic. The SET dived 74.57 points, or nearly 6%, to 1,175.32 points. This all happened shortly after the open in a turnover of 9 billion baht. The SET50 index, Thailand’s top 50 listed companies, faired even…
- Covid-19 News
Thai tourism and shares start to catch the Coronavirus Effect
The Stock Exchange of Thailand’s key index fell last month almost 100 points, after earlier reaching its highest point of 1,604.28 and then falling 96.92 points, or 6%. Industrial stocks have fallen nearly 10% due to a slide in petrochemical stocks, followed by commercial bank stocks which fell 8.7%. Technology and construction stocks lost 4% during January. But some stocks…
- Phuket News
16 Chinese nationals arrested in Phuket over stock market scam
16 Chinese nationals have been arrested in Chalong for allegedly operating an online speculative stock market scam. Their victims are also Chinese. Immigration Bureau Chief Lt Gen Surachate Hakparn came down from Bangkok to a house on Khwang Road in Chalong where officers arrested the 16 Chinese nationals. During the raid they seized 18 computers, 68 mobile phones, more than…
