Global recovery to boost profit of securities firms
published : 17 May 2021 at 04:30
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The performance of securities firms this year will improve significantly because the daily trading value on the Stock Exchange of Thailand (SET) has increased to nearly 100 billion baht per day, says SCB Securities (SCBS).
The SET reported the average trading value on the SET and Market for Alternative Investment (MAI) for the first four months this year was 96.1 billion baht.
The SET stated individual investors are eagerly seeking high-yield returns from the capital market.
Moreover, the number of new investors has increased by roughly 700,000 trading accounts in the first four months, totalling over 4 million accounts at present.
By Alfred Chua2021-05-17T02:54:00+01:00
Thai low-cost carrier Thai AirAsia has warned that the third wave of coronavirus infections in April will impact its profitability, as it sank deeper in the red amid plunging revenue.
In financial results for the quarter ended 31 March, Thai AirAsia parent company Asia Aviation also forecast international flying to resume by the fourth quarter of the year, with the carrier reaching full capacity by early 2022.
Source: Wikimedia Commons
Thai AirAsia is hopeful of restarting international flights by the end of the year.
Asia Aviation reported a quarterly operating loss of Bt3.2 billion ($102 million), deepening the Bt1.37 billion loss it reported in the same quarter last year.
Brooker s share price surges by 60%
published : 15 May 2021 at 04:00
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SET-listed Brooker Group s (BROOK) share price rallied 60% after the company reported to the Stock Exchange of Thailand (SET) on Tuesday it invested US$6.6 million (207 million baht) in bitcoin in the first quarter.
Brooker s share price continues to surge despite Covid-19 cases rising and fears of higher global interest rates to curb inflation after the US reported a rate of 4.2% for April on Wednesday, which was higher than expected.
Brooker Group is the first Thai-listed firm to report investments in cryptocurrency. At the end of the first quarter, the company reported it had purchased 122.3158 units of bitcoin at an aggregate value of roughly $6.6 million.
Stock markets plunged in Thailand and around the globe on Thursday as investors panicked over the possibility of interest rates rising after US inflation surged 4% in April, exceeding targets.
Fair auction to determine fate of Thaicom satellites
Thailand starts moving carefully towards a real licensing regime
published : 14 May 2021 at 04:08 Satellite dishes located behind Thaicom s headquarters in Nonthaburi. Tawatchai Kemgumnerd
The Digital Economy and Society (DES) Ministry says a fair auction will be held to determine the operator of Thaicom s 4 and 6 satellites, which are scheduled to be handed over to National Telecom (NT) after SET-listed Thaicom s concession ends in September.
DES Minister Chaiwut Thanakhamanusorn told the Bangkok Post the satellite and space sector is a key element to national security.
The government is being careful as the country s satellite sector transitions from a concession model to a real licensing regime, he said.