Market Watch

Investors return to shipping stocks as supply/demand mismatch pushes rates

Shares of shipping companies around the world are rising and Thailand’s shipping stocks have once again become the market’s darling as demand for ships rise and global shortage of container liners continues.Shares of shipping liners such as Precious...

Debt recovery firm BAM forecasts return to pre-pandemic profit levels

Bangkok Commercial Asset Management (BAM), a distressed assets manager, said Wednesday it would see net profit this year reach pre-pandemic levels from 2019, at 6.5 billion baht, boosted by a planned expansion of its debtor base, up from 2020’s...

Tourism Ministry to tighten travel-subsidy app to fight fraud, secure extension

The Tourism and Sports Ministry is improving its scheme to subsidize domestic tourism, after the cabinet refused to extend the current one citing concerns of fraud, local news reported Wednesday.The procedure for checking participants’ identity was to be made...

JKN shares soar for second day as market welcomes news of hemp products

JKN Global Media (JKN), a content management and distribution company, jumped again Tuesday, by 10.78, per cent to 11.30 baht by the end of morning trading, with a transaction value over 1.9 billion baht, a day after it announced...

SAWAD jumps nearly 15 percent on planned expansion into motorcycle leasing

Shares of Srisawad Corporation (SAWAD), a non-bank retail loan provider, jumped 14.52 per cent Monday to a new high of 88.75 baht, before falling back to 82.20 as of 4:25 pm, after announcing a move to expand its high-yield...

Energy stocks surge following Saudi attack

Thai stocks in energy sectors rose on Monday from speculation on surging oil prices after an attack on Saudi Arabia’s energy facilities, with oil-and-gas conglomerate PTT leading with a 4.32-per-cent jump to 42.25 baht per share.PTT stood as the...

Banking stocks jump on rise in US bond yield

Stocks in the banking sector bounced during the mid-day break on Friday as the 10-year US treasury bond yield rose to 1.57 per cent in Asian trading, creating a positive sentiment around increasing interest rates, said analysts.Kasikornbank (KBANK), the...

BDMS jumps 3 per cent on 2021 strategy

Bangkok Dusit Medical Services (BDMS), Thailand's largest private healthcare group, rose 3.35 per cent to 21.60 baht per share on Thursday, as investors endorsed its strategy to maximise medical tourism from borders reopening.The transaction value amounted to 1.8 billion...

Thai businesses call for vaccine passports, more foreign suppliers, to safeguard economic recovery

Thailand’s economic recovery will depend on how the government handles the question of vaccinations this year, the country’s top business association said Wednesday, calling for vaccine-passport programmes to boost tourism, and a wider supply of imported vaccines for Thai...

IT retailer COM7 hits all-time high on work-from-home trend and sector growth

Share price of COM7, a Thailand-based IT products retailer, surged 7.80 per cent on Wednesday to a new high of 58.75 baht by the end of morning trading, with a transaction value of 1.47 billion baht, based on the...

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