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Baht

The baht gradually depreciated and the Thai stock index pair dropped 1,400 points. Foreigners sold without stopping.

by Chief editor of world-today-news.com November 25, 2023

written by Chief editor of world-today-news.com

Summary of movements in the Thai stock market
The Thai stock index broke below 1,400 points at the end of the week. Thai stocks fluctuated within a narrow range during the first period. Despite negative factors from Thailand’s 3Q23 GDP numbers that came out lower than expected, But there are still positive factors from the SET. Send a signal to strictly control Naked Short Selling.

However, the Thai stock index gradually decreased since the middle of the week. After recording the meeting, the Fed signaled that The Fed may consider raising interest rates again. If inflation does not meet the target In addition, faced with selling pressure of stocks of airport business operators due to concerns about operating results that were lower than expected. Including energy stocks After the price of oil in the world market dropped due to the postponement of the meeting of the OPEC+ group.

On Friday, Nov. 24, the SET Index closed at 1,397.43 points, down 1.30% from the level at the end of last week. Meanwhile, the average daily trading value was 36,617.56 million baht, a decrease of 25.62% from the previous week. The mai index decreased 0.56% to close at 400.18 points.

For next week (27 Nov.-1 Dec.) Kasikorn Securities Company Limited sees that the Thai stock index has support levels at 1,390 and 1,375 points, while resistance levels are at 1,415 and 1,430 points. In order, the Kasikorn Research Center assessed important factors that need to be monitored, including export numbers in October. of Thailand MPC meeting (29 Nov.) Direction of foreign capital and OPEC+ meeting (30 Nov.)

Important US economic data includes new home sales. Personal income and expenses, PCE/Core PCE Price Index, October, ISM/PMI Manufacturing Index, November. 3rd quarter GDP of 2023 (prelim.) and number of people applying for weekly unemployment benefits Meanwhile, other foreign factors include profits of industrial companies in October. China’s Consumer Price Index, November (Preliminary) Eurozone and November Manufacturing PMI Index of China, Japan and the Eurozone

2023-11-25 00:52:00
#baht #gradually #depreciated #Thai #stock #index #pair #dropped #points #Foreigners #sold #stopping

November 25, 2023 0 comments

Business

Xayaburi Power Company Limited’s Successful Green Bond Offering Bolsters Thailand’s Renewable Energy Future

by Chief editor of world-today-news.com October 30, 2023

written by Chief editor of world-today-news.com

Mr. Worapot Uchupaiboonwong Managing Director of Xayaburi Power Company Limited or Xayaburi Hydroelectric Power Plant (XPCL), a joint venture of CK Power Public Company Limited (CKP), one of the largest producers of electricity from renewable energy in Region revealed that the offering of environmental conservation bonds denominated in baht (Green Bond) No. 1/2023 with the name of shareholder specified. Unsubordinated, unsecured, and with bondholder representatives on October 20, 24, and 25 were highly successful. which expresses investor confidence in the company Including reinforcing the business of producing clean power to create stability for Thailand. and help drive the transition to renewable energy in the future.

This bond offering of XPCL has institutional investors and large investors interested in reserving the said bonds, totaling 3,500 million baht, of which 2,000 million baht is reserved in the amount open for reservation, and there are additional reservations in the portion. Reserve for additional sales (Greenshoe) another 1,500 million baht

For this issuance of bonds, there are 3 tranches, consisting of:

The first series of bonds has a term of 3 years, due for redemption in October 2026, with a fixed interest rate of 5.15 percent per annum.

The second set of bonds has a term of 4 years, due for redemption in October 2027, a fixed interest rate of 5.30 percent per annum and

The third series of bonds has a term of 5 years, due for redemption in October 2028, with a fixed interest rate of 5.55 percent per annum.

XPCL’s bonds meet the Green Bond Principles 2021 and ASEAN Green Bond Standards 2018 standards and have been reviewed by the world’s leading certifying organization DNV as an independent external reviewer.

XPCL’s green bonds have received a credit rating of BBB+ from TRIS Ratings Company Limited. This time the bonds are offered for sale. It is an offering to institutional investors and/or large investors. with Bangkok Bank Public Company Limited, Siam Commercial Bank Public Company Limited, Krung Thai Bank Public Company Limited, securities companies Kiatnakin Phatra Public Company Limited and Krungthai Xspring Securities Company Limited act as underwriters for the bonds.

The Company will use the proceeds from this bond issuance to repay the loan which has a floating interest rate. To reduce the risk of loan interest rate fluctuations. and reduce financial costs To stabilize the financial status of XPCL and use it as working capital and investment for the company. To expand the results of operations according to the organization’s vision framework that aims to “Clean energy towards a low-carbon society” which is in line with driving the region’s sustainable energy transition.

XPCL is an associate company of CKP that holds 42.5% of the shares. Buri has an installed production capacity of 1,285 megawatts, of which almost all the electricity produced is sold to the Electricity Generating Authority of Thailand (EGAT), with a concession period of 31 years, starting from the commercial operation date on October 29. 2019, XPCL produces electricity from hydropower approximately 7,400 million units per year (GWh/Year), which is classified as renewable energy (Renewable Energy) and is clean energy that preserves the environment. Can help reduce CO2 emissions by approximately 3.7 million tonnes of carbon dioxide equivalent per year (tCO2e).

2023-10-30 04:44:24
#Green #Bond #Xayaburi #overflows #reservations #raising #billion #baht

October 30, 2023 0 comments

World

Thailand’s Call for Long-Distance Tourists to Escape the Cold and Boost Economy with Free Visa Measures

by Chief editor of world-today-news.com October 27, 2023

written by Chief editor of world-today-news.com

Business operators hope that in the last 2 months, more long-distance tourists will escape the cold to travel to Thailand. After finding that free visa measures encourage tourists to stay longer and spend more Suggests extending measures to India and Taiwan for MICE operators around the world. Make Thailand number one in your heart Overtaking Japan and Singapore #Tourists #FreeVisa #MICE #MICE #Travel Meet the BUSINESS WATCH program to catch business trends. #BUSINESSWATCH with Khun Praew Wannawanit Passornthanaphichai #Praewwanwanich and Khun Palm Sinida Phetweerakul #Palm Sinida every Monday – Friday from 9:15 p.m. – 10:00 p.m. and Sunday from 9:00 p.m. – 10:00 p.m. on TNN Channel 16 #BUSINESSWATCH #BUSINESSWORLD #TNN Channel 16 #TNNONLINE #TNNLIVE #TNN16 Channel to follow TNN news station, channel 16 website: www.TNNTHAILAND.com facebook : TNNthailand facebook live : TNN LIVE twitter : TNNONLINE Line : @TNNONLINE Youtube Official : TNNONLINE Instagram : TNN_ONLINE TIKTOK : @TNNONLINE Keep up with the world. Economy: Keep up to date with all the truth with TNN Channel 16, a news station that adheres to the principles of presenting news that is to the point, fast, correct, accurate, and neutral by a professional news team.

#Free #visa #works #Hope #months #tourists #escape #cold #enter #Thailand #BUSINESS #WATCH #FULL #Watch #movies #online
2023-10-27 16:25:12

October 27, 2023 0 comments

Business

Baht Appreciates Slightly as Dollar Weakens: Impact of Israel-Hamas Conflict and US Bond Yields on World Currency Markets

by Chief editor of world-today-news.com October 20, 2023

written by Chief editor of world-today-news.com

A money manager from the Bank of Ayudhya revealed that the baht opened the market this morning at 36.45 baht/dollar, slightly appreciating from yesterday evening when the market closed at 36.47 baht/dollar.

This morning, the baht strengthened slightly from yesterday’s market close. Because last night the US dollar fell after the Chairman of the US Federal Reserve (Fed) stated that US bond yields have increased in the past. The Fed may not need to raise interest rates. Therefore resulting in this morning The dollar is depreciating against most currencies.

The factor that must be followed during this period is the US bond yield. and the war situation in Israel

Money managers expect that today the baht will move in the range of 36.35 – 36.60 baht/dollar.

The latest SPOT is at the level of 36.44000 baht/dollar.

Important factors: The yen is at 149.92 yen/dollar from yesterday evening at 149.86 yen/dollar. The euro is at 1.0567 dollar/euro from yesterday evening at 1.0538 dollar/euro. Baht/dollar exchange rate. The BoT’s weighted interbank exchange rate is at 36.421 baht/Deputy Finance Minister dollar. Ordered the Fiscal Policy Office (FPO) to assess the impact from the Israel-Hamas war situation.

which affects the price of oil in the world market the world economic situation as well Therefore, we must watch closely to see if it expands. And is it prolonged or not?

In order to present the impact assessment report to the Prime Minister and the Finance Minister, there are 3 concerns: 1. The situation.

Will the conflict between Israel and Hamas last? 2. Will it spread to become a regional issue or not? 3.Stability of world energy prices

It cannot be denied that all of them will definitely have an impact on Thailand to some degree.

3 big banks’ 3Q23 profits grow more than 20% due to interest income soaring and reserves decreasing. “BBL” reaches 11.3 billion.

TB” 4.73 billion, Krungthai 10.2 billion

President of the Gold Traders Association It is expected that the Israeli war will push the price of gold to new highs continuously. In the next 2 weeks, it has already increased by 1,000 baht per baht, the Deputy Finance Minister said. Clarifies the conditions for giving away 10,000 baht of digital money without crystallization, including the source of the money. Moreover, it takes time to develop the app.

Top apps and test system security It is likely that the distribution will be postponed from 1 February 2024, but confirmed that it is still in the first quarter of 2024, ready.

Explain to the Prime Minister the reason for the delay.

The US Department of Labor revealed the number of first-time applicants for unemployment benefits fell by 13,000 to 198,000.

last week This was the lowest level in nine months and below analysts’ expectations of 210,000.

The president of the Federal Reserve (Fed) spoke at a meeting at the Economic Club of New York (Economic Club of New York).

York) yesterday night that The strong economic environment and tight labor market in the United States will be supporting factors for the Fed to raise rates.

interest rates again, along with saying that US inflation is still too high. And the Fed will remain committed to its commitment to keep inflation under control.

The Fed’s goal is a sustainable 2% level.

The U.S. dollar fell against major currencies in trading on the New York Forex Exchange on Thursday (Oct. 19).

c.) After investors absorbed the statement from Mr. Jerome Powell, Chairman of the Federal Reserve (Fed), which stated that the Fed will use caution.

Be careful in implementing monetary policy in the future.

New York gold futures closed above the $1,980 level on Thursday (Oct. 19), supported by the depreciation.

of the dollar and as investors continue to purchase gold as a safe-haven asset. amidst the tense situation in the Middle East

Investors continue to keep an eye on the tense situation in the Middle East. Most recently, the US State Department issued a statement informing

Reminding Americans around the world to use caution. As the fighting between Israel and Hamas enters its 13th day, more and more people are affected.

Many injuries and deaths

2023-10-20 05:15:55
#Baht #market #conditions #Opened #appreciating #slightly #weakening #dollar

October 20, 2023 0 comments

Business

Factors Affecting the Thai Stock Market: Foreign and Domestic Influences

by Chief editor of world-today-news.com October 1, 2023

written by Chief editor of world-today-news.com

Foreign factors affecting the Thai stock market

• 2 Oct. Manufacturing PMI (ISM) Sept. Market expects 47.8 points from the previous 47.6 points.

• 4 Oct. Service sector PMI (ISM) Sept. market expects 53.5 points from the previous 54.5 points and factory orders Aug. market expects +0.2% mm, floor from last month at -2.1%. mm

• 6 Oct. Non-agricultural employment in September in the United States: the market expects 170,000 positions, from 187,000 previously, and the unemployment rate in September: the market expects 3.7% from 3.8%.

• 2 Oct. European unemployment rate, market expects 6.4%, stable.

• 4 Oct. Retail sales in August, market expected -0.5%yy, improved from -1.0%yy previously.

• Look forward to pictures of the bustle of Chinese tourists entering Thailand during Golden Week.

Domestic factors

• 2 Oct. Following up on Digital Wallet policy guidelines, the Prime Minister made an appointment with the BOT governor to discuss, expecting there to be related issues. Expect progress to include stocks in retail, leasing, and digital.

• 5 Oct. Thai inflation in Sept. 23, the market expects it to be 0.88% yy, equal to the previous period. Core inflation There is no forecast. From the original at +0.79%yy

• SET EPS: BB market profit is at 87.7 baht vs. prev. 87.9 baht. Groups that adjusted up were agriculture, hotels, energy. Groups that adjusted down were communications, food and parts, etc.

However, this week the first resistance level is estimated at 1,490 points, the next resistance level is 1,507 points, the first support level is 1,464 points, and the next support level is 1,454 points.

This week’s top stocks : recommend

• AOT (TP85.25) : Look forward to positive pictures of tourism recovering during China’s Golden Week.

• GULF (TP56) : Stocks reflect negative government policy + hope for the baht to turn in support.

• SCB (TP125) : 3Q23 budget speculation grows yy and the Thai economy accelerates from 4Q23.

2023-10-01 18:40:00
#Check #outstanding #stocks #Accepting #tourism #recovery #specific #positive #factors #worth #speculating

October 1, 2023 0 comments

Business

The Baht’s Movement and Factors Affecting the Thai Economy: Updates and Analysis

by Chief editor of world-today-news.com September 29, 2023

written by Chief editor of world-today-news.com

A money manager at the Bank of Ayudhya revealed that this evening the baht was at 36.48 baht/dollar, strengthening from the market opening this morning at 36.59 baht/dollar, moving in line with the world market after there was pressure to sell dollars to make a profit. Because the bond yield adjusted downwards during the day, it moved within the range of 36.40 – 36.64 baht/dollar.

“The direction of the baht today is quite volatile following the selling pressure of the dollar to make a profit. But it is likely to be a short-term situation,” the money manager said.

money manager The baht’s movement range on Monday is estimated at 36.40 – 36.65 baht/dollar. Tonight, the market is waiting. Look at the US Personal Consumption Expenditures (PCE) price index for August, which is expected to increase 3.5%.

THAI BATH SPOT RATE FIXING is at the level of 36.4419 baht/dollar.

Important factors: The yen is at 148.95 yen/dollar from the morning level of 149.32 yen/dollar. The euro is at 1.0607 dollar/euro from the morning level of 1.0572 yen/dollar. Governor The Bank of Thailand (BoT) explained that the MPC resolved to increase interest rates by 0.25% on September 27.

by giving weight to the outlook for the economy in the future In the past, interest rates in Thailand have been low for a very long time, resulting in household debt remaining low.

at a high level and creates Search for yield behavior. Therefore, monetary policy must take into account the long-term situation as well, not

Just look at daily or short-term data that tends to fluctuate.

BoT states the Thai economy in August 2023 It is in the direction of recovery according to income in the tourism sector. domestic demand both

Private consumption and investment slowed down somewhat. After accelerating expansion last month The value of merchandise exports, excluding gold, decreased in part from increased supplies.

Trade partner countries’ needs slow down Meanwhile, industrial production remained stable. As for government spending, it continues to expand from current expenses.

The International Monetary Fund (IMF) has stated that if U.S. government agencies are shut down or shut down, it will result in

The US economy faces risks. Even though it is a risk that can be avoided. along with calling on members of Congress to expedite the resolution

Agreed to approve budget for US agency

China Beige Book International (CBBI) released the China Beige Book report, a report exploring the state of

China’s economy today (Sept. 29), stating that China’s economic activity slowed down in September. by retail sales and power

Set prices, including industrial production. and lending They slowed down more than in August.

Japanese government Revealed that industrial production dropped 1.8% in August after falling 1.8% in July as well.

But it is likely to increase 5.8% in September and is expected to increase 3.8% in October.

2023-09-29 08:51:46
#Baht #market #conditions #evening #strengthened #dollar #selling #pressure

September 29, 2023 0 comments

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