SET rises on Fed positive meeting outcome #SootinClaimon.Com

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https://www.nationthailand.com/business/40008416


The Stock Exchange of Thailand (SET) Index closed at 1,626.27 on Thursday, up 14.35 points or 0.89 per cent. Transactions totalled 85.65 billion baht with an index high of 1,627.57 and a low of 1,607.73.

The index gained after falling by 5.97 points or 0.37 per cent on Wednesday.

In the morning session, Krungsri Securities forecast the SET Index on Thursday would fall to between 1,600 and 1,605 points despite positive sentiment from US Federal Reserves move to taper quantitative easing by US$15 billion per month until the middle of next year.

It said the index, however, would be under pressure due to falling oil price in line with rising US oil storage, investors’ mass sell-offs of shares to follow Opec+ meeting and market volatility in line with the third-quarter performance forecast.

The 10 stocks with the highest trade value today were KBANK, BBL, SCB, PTT, OR, SCC, PTTEP, AOT, CBG and MTC.

Other Asian indices were up with one exception:

Japan’s Nikkei Index closed at 29,794.37, up 273.47 points or 0.93 per cent.

China’s Shanghai SE Composite closed at 3,526.87, up 28.33 points or 0.81 per cent, while the Shenzhen SE Component closed at 14,555.27, up 187.49 points or 1.30 per cent.

Hong Kong’s Hang Seng Index closed at 25,225.19, up 200.44 points or 0.80 per cent.

South Korea’s KOSPI Index closed at 2,983.22, up 7.51 points or 0.25 per cent.

Taiwan’s TAIEX Index closed at 17,078.86, down 43.30 points or 0.25 per cent.

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Published : November 04, 2021

By : THE NATION

First A319neo flight with 100% sustainable aviation fuel #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40008402


Airbus, Dassault Aviation, ONERA, the French Ministry of Transports and Safran have launched the first in-flight study of a single-aisle aircraft running on unblended sustainable aviation fuel (SAF).

During the flight test over the Toulouse region on 28 October, one CFM LEAP-1A engine of an Airbus A319neo test aircraft operated on 100% SAF. Initial results from the ground and flight tests are expected in 2022.

The unblended SAF is provided by Total Energies. It is made from Hydroprocessed Esters and Fatty Acids (HEFA), which primarily consists of used cooking oil, as well as other waste fats. HEFA is made of paraffinic hydrocarbons and is free of aromatics and sulfur. Approximately 57 tonnes of SAF will be used for the entire test campaign. It is produced in Normandy close to Le Havre, France. The 100% SAF will also be utilised for compatibility and engine operability studies on the Safran Helicopters Arrano engine used on the Airbus Helicopters H160, which are expected to start in 2022.

First A319neo flight with 100% sustainable aviation fuelFirst A319neo flight with 100% sustainable aviation fuel

Airbus, in collaboration with DLR, is responsible for characterising and analysing the impact of 100% SAF on ground and in-flight emissions. Safran focuses on compatibility studies related to the fuel system and engine adaptation for commercial and helicopter aircraft and their optimisation for various types of 100% SAF fuels. Safran will perform LEAP engine ground tests with 100% SAF at its Villaroche facilities later this year to complete analysis. ONERA is supporting Airbus and Safran in analysing the compatibility of the fuel with aircraft systems and will be in charge of preparing, analysing and interpreting test results for the impact of 100% SAF on emissions and contrail formation. Dassault Aviation is contributing to the material and equipment compatibility studies and verifying 100% SAF biocontamination susceptibility.

The study – known as VOLCAN (VOL avec Carburants Alternatifs Nouveaux) – contributes to global decarbonisation efforts currently underway across the entire aeronautical industry, and is benefiting from a financing of the France Relance recovery plan, the part thereof dedicated to the decarbonisation of aviation, which is implemented by DGAC under the supervision of Jean-Baptiste Djebbari, French Minister of Transports. The study’s ultimate goal is to promote the large-scale deployment and use of SAF, and certification of 100% SAF for use in single-aisle commercial aircraft and the new generation of business jets.

Published : November 04, 2021

SCB 10X announces new investment in leading e-commerce fulfillment solution startup “MyCloudFulfillment” #SootinClaimon.Com

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https://www.nationthailand.com/pr-news/business/40008401


SCB Groups technology holding company SCB 10X continues investing in tech companies and startups worldwide, demonstrating its commitment towards innovation and exponential growth.

SCB Group’s technology holding company SCB 10X continues investing in tech companies and startups worldwide, demonstrating its commitment towards innovation and exponential growth. Recently the Company announced its participation in the series B fundraising round of MyCloudFulfillment, a leading Thai one-stop e-commerce fulfillment solution startup. The series B round is led by JWD, a regional logistics and supply chain group. The move reaffirms SCB 10X’s commitment to laying a solid technology ecosystem foundation for Thailand, promoting high potential Thai startups to compete and grow its foothold regionally.

“According to SCB 10X Chief Venture and Investment Officer, Mukaya (Tai) Panich, “SCB 10X is excited to announce our participation in the series B fundraise of MyCloudFulfillment, led by JWD. We are proud to be an investor in MyCloudFulfillment since series A, and continue our support in series B. COVID-19 has accelerated the adoption towards digital lifestyle by consumers and digital transformation by corporates. In the past 2 years, we have seen the rapid rise of social commerce and e-commerce in Southeast Asia, as more people go online. Startups that enable social commerce and e-commerce like fulfillment and logistics firms will continue to greatly benefit. MyCloudFulfillment, a seamless one-stop fulfillment provider, offering inventory storage, order packaging, and last mile delivery to e-commerce, social commerce and omnichannel businesses, is a key critical enabler of today’s social commerce and e-commerce trends. As a payment partner of MyCloudFulfilment, we are looking forward to continue to work closely together.”

SCB 10X announces new investment in leading e-commerce fulfillment solution startup "MyCloudFulfillment"SCB 10X announces new investment in leading e-commerce fulfillment solution startup “MyCloudFulfillment”MyCloudFulfillment CEO and Co-founder Nithi Satchatippavarn added, “As a one-stop supply chain management solution for e-commerce, MyCloudFulfillment best suits omni-channel stores. We connect multiple sales channels such as marketplaces, CMS websites, live commerce, and others. In addition to API connectivity, our system also includes features to help automate sales, such as bundled arrangements, promotion management, and other features. Our services can also be tailored to the needs and characteristics of each store. Apart from that, our warehouse is flexible to accommodate highly volatile orders. However, the Company’s goal doesn’t stop at warehousing services. Our ultimate goal is to serve as an important enabler for online businesses. From the beginning, we’ve always believed that in everything we do we want to enable online businesses manage their stores efficiently so that they can achieve sustainable growth. Today we are enabling our customers with warehouse management. However, what we are keen to do next is to enable to reduce their costs for dormant stocks and increase sales opportunities. We will be able to do so by turning merchant databases into data analytics. One of the tasks that our development team plans to implement next year is to embrace machine learning to create inventory intelligence, starting from collecting in-depth consumer data and stock movement behavior for each store. This analytics process will transform that data into strategic information useful for decision making, allowing sellers to adjust stocks based on demand, identify unprofitable and profitable products, and implement suitable sales models for particular products.”

MyCloudFulfillment reported its highest growth so far during the first half of this year, with 300,000 orders received per month, more than triple the growth reported over the same period last year. Through collaboration with the JWD Group its warehouses have expanded from two original locations at Lat Krabang and Rangsit with a total area of ​​over 10,000 square meters to a new third warehouse in Minburi with a total area of over 6,500 square meters. The new warehouse will have the capacity to accommodate up to 30,000 orders per day. MyCloudfulfillment is proud to have received many awards from various institutions, such as the National Innovation Award 2021 in the category of Outstanding Innovative Organization given to medium-sized private enterprises, the Bai Po Business Awards by Sasin, and we were also one of two homegrown startups selected as this year’s Forbes Asia 100 To Watch.

“Apart from financial support in this fundraising round, we are hoping to bring SCB’s financial products to increase convenience for our customers, such as the PayZave system to boost liquidity for both buyers and sellers or connecting QR payment to live streaming commerce, the live sale of goods, or connecting stock management with SCB affiliates such as Robinhood. MyCloudFulfillment’s logistics partners like JWD will boost its capability to increase customer numbers, build more warehouses and expand services spanning many industries. We are very confident that support from SCB 10X and JWD will promote MyCloudFulifllment’s stable growth and expansion in the ASEAN region,” added Nithi Satchatippavarn.

Published : November 04, 2021

Carabao Group donates Woody C+ Lock drink to Covid-19 patients through Nine Entertain Birthday Charity event #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40008400


A Woody Drink Co Ltd, an affiliate of the Carabao Group, has donated 30 boxes of Woody C+ Lock Collagen Mixed Berries Vitamin C Drink to those affected by the coronavirus pandemic.

AWoody Drink Co Ltd, an affiliate of the Carabao Group, has donated 30 boxes of Woody C+ Lock Collagen Mixed Berries Vitamin C Drink to those affected by the coronavirus pandemic. The health beverage has been presented to the Nine Entertain Birthday Charity, an event organised by the Nine Entertain Programme on Channel 9 MCOT HD in order to mark the programme’s 19th anniversary.

Woody C+ Lock forms part of 1,000 relief packages which will be passed on to various communities across the country. Mr.Sathien Setthasit, Chief Executive Officer of Carabao Group, said the donation of Woody C+ Lock drink is a token of assistance and care for Covid-19 patients. Peechaya “Min” Wattanamontree, presenter of Woody C+ Lock Collagen Mixed Berries, has also expressed her goodwill to those affected by coronavirus during the presentation of the beverage to the programme.

Woody C+ Lock is a beverage brand owned by A Woody Drink Co Ltd under the Carabao Group umbrella. Launched in March 2020 with famed talk show host Vuthithorn “Woody” Milintachinda being the brand ambassador, Woody C+ Lock comes in three flavours: Lemon, Orange and also Collagen Mixed Berry that made its debut in April 2021. Woody C+ Lock has quickly moved into second place in the Healthy Shot drink market segment that is valued at more than 6.5 billion baht. 

Carabao Group donates Woody C+ Lock drink to Covid-19 patients through Nine Entertain Birthday Charity eventCarabao Group donates Woody C+ Lock drink to Covid-19 patients through Nine Entertain Birthday Charity event

The success of Woody C+ Lock lies on its offering of the highest vitamin C content on the market. Thanks to its green glass bottle with a special cap, a result of extensive research and development at the Carabao Group, the value of the vitamin C content is tightly preserved. The bottle and the double-locking cap effectively prevent the degradation of vitamin C from sunlight and outside air to deliver freshness and good health benefits to consumers.

Carabao Group donates Woody C+ Lock drink to Covid-19 patients through Nine Entertain Birthday Charity eventCarabao Group donates Woody C+ Lock drink to Covid-19 patients through Nine Entertain Birthday Charity event

Published : November 04, 2021

Saha Group and B.Grimm join forces on real estate development, industrial projects, and social engagement activities #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40008398


Saha Pathana Inter-holding Public Company Limited signed a memorandum of understanding (MOU) with B.Grimm Joint Venture Holding Company Limited.

BANGKOK, November 2021: Saha Pathana Inter-holding Public Company Limited signed a memorandum of understanding (MOU) with B.Grimm Joint Venture Holding Company Limited to collaborate on real estate and industrial projects, aiming to apply value engineering from the design stage to optimize investment, as well as provide energy efficient and healthy living solutions for the residents. 

Saha Group led by Mr. Boonsithi Chokwatana, Chairman of Saha Group, and Mr. Vichai Kulsomphob, President of Saha Pathana Inter-holding Public Company Limited, signed an MOU with B.Grimm led by Dr. Harald Link, Chairman of B.Grimm, Ms. Caroline Link, President of B.Grimm Joint Venture Holding Company Limited, and Mr. Fabrice Goetschmann, President of B.Grimm Industrial Businesses. This strategic partnership will explore new business opportunities centered around industrial and real estate development, capitalizing on each party’s customer base to create synergy while sustainably supporting the local community and environment.

Dr. Harald Link, Chairman of B.Grimm, revealed that he was honoured to have taken part in the MOU signing ceremony between B.Grimm and Saha Group, viewed as an important step towards strengthening a partnership. With this milestone agreement, B.Grimm aims to work closely with Saha Group in bringing value engineering to help in project development.

Saha Group and B.Grimm join forces on real estate development, industrial projects, and social engagement activitiesSaha Group and B.Grimm join forces on real estate development, industrial projects, and social engagement activities

This includes customizing and optimizing infrastructure from the design stage, including facades, lighting, air conditioning infrastructure, low-voltage and medium-voltage electrical products among other solutions. The objectives are to provide savings on upfront costs in the design phase, and on long-term running costs through energy-efficient solutions, whilst maintaining optimal performance.

“I am delighted that today we are taking the partnership between Saha Group and B.Grimm to a new level,” remarked Dr. Link following the MOU ceremony. “We have a long-lasting relationship since my grandfather’s generation and we have continually endeavoured to support important social engagement activities in Thailand to improve education, equestrianism, culture, religion, community livelihoods, and the environment.

“Recently, we also joined forces with Saha Group to donate food and necessities to vulnerable groups suffering from the COVID-19 pandemic in the Khlong Toei community. Hence, this MOU embodies a firm commitment between B.Grimm and Saha Group to support the development of local communities, and will also reinforce our solutions to promote an energy-efficient and environmentally-friendly approach to real estate and industrial development, ultimately creating a comfortable, secure, and hygienic indoor environment for our stakeholders.”

Mr. Vichai Kulsomphob, President of Saha Pathana Inter-holding Public Company Limited, expressed Saha Group’s pleasure in collaborating with B.Grimm. Both companies’ wide array of products and services enables them to explore countless opportunities in offering the best solutions to entrepreneurs and consumers alike. 

Saha Group and B.Grimm join forces on real estate development, industrial projects, and social engagement activitiesSaha Group and B.Grimm join forces on real estate development, industrial projects, and social engagement activities

“Saha Group’s businesses cover the entire process from upstream to downstream, encompassing businesses such as industrial park and real estate development, food and beverage, services, and retail. B.Grimm’s wide range of solutions can strengthen our portfolio, while the diversity of our businesses can support B.Grimm’s industrial expertise such as cooling and security industries. For instance, high-quality anti-moisture and anti-mildew textiles will reinforce B.Grimm’s air-conditioning business, while elevating B.Grimm’s security business by developing a cybersecurity focus.

Saha Group and B.Grimm join forces on real estate development, industrial projects, and social engagement activitiesSaha Group and B.Grimm join forces on real estate development, industrial projects, and social engagement activities

“For our first collaborative project, B.Grimm and Saha Group have begun designing energy-efficient and healthy living solutions for KingฺBridge Tower, the tallest smart-office building in Thailand located on Rama 3 Road by the Chao Phraya River. It is also the first project under Saha Capital Tower Company Limited which combines technological innovation with green spaces to provide convenience, safety, and a healthy environment for all building users.”

For more information, visit

https://www.spi.co.th/

Published : November 04, 2021

BGRIM – Univentures JV in E-COGEN buyout Acquisition incorporates 3 co-gen facilities with 360-MW capacity #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/pr-news/business/40008397


UVBGPs acquisition of the entire stakes of E-COGEN means the immediate gaining of the ownership of the three co-generation assets with a combined installed capacity of 360 megawatts (MW) operated by E-COGENs subsidiaries. UVBGPs acquisition of E-COGEN is expected to be completed by 2021.

, a partnership between B.Grimm Power PCL and Univentures PCL, is acquiring Eastern Power Group PCL’s subsidiary Eastern Cogeneration Co Ltd (E-COGEN).

UVBGP’s acquisition of the entire stakes of E-COGEN means the immediate gaining of the ownership of the three co-generation assets with a combined installed capacity of 360 megawatts (MW) operated by E-COGEN’s subsidiaries. UVBGP’s acquisition of E-COGEN is expected to be completed by 2021.

Dr. Harald Link, Chairman and President of B.Grimm Power PCL (BGRIM), said the E-COGEN acquisition underscores a good business partnership, a cornerstone of BGRIM’s growth strategy that dates back more than 25 years. It is in line with BGRIM’s business expansion and comprehensive infrastructure service offerings.

Kampol Punsonee, President of Univentures, noted that the E-COGEN acquisition supports the company’s strategy of restructuring and balancing the investment, diversifying the risks from relying solely on real estate business, and earning revenues and profit from other venture streams.

BGRIM - Univentures JV in E-COGEN buyout  Acquisition incorporates 3 co-gen facilities with 360-MW capacityBGRIM – Univentures JV in E-COGEN buyout Acquisition incorporates 3 co-gen facilities with 360-MW capacity

UVBGP is owned 45% by BGRIM, Thailand’s leading industrial power producers and 55% by the real estate concern Univentures.

UVBGP is a collaboration of BGRIM and Univentures to jointly invest in the energy business that supports real estate development and other ventures. Those ventures cover various forms of energy projects such as combined cycle cogeneration power plants, rooftop solar power systems, floating solar power schemes, biomass power, hybrid power, energy solution services and smart grid projects. UVBGP targets to increase its generation portfolio to 500 MW by 2025.

E-COGEN has two subsidiaries namely SSUT Co Ltd and PPTC Co Ltd.

SSUT runs two combined cycle cogeneration power plants with a total capacity of 240 MW of electricity and 60 tonnes per hour of steam. The plants at Bang Pu Industrial Estate, Samut Prakan Province, have been in operation since December 2016.

PPTC has since March 2016 been operating a combined cycle cogeneration power plant, capable of producing 120 MW of electricity and 30 tonnes per hour of steam, in Lat Krabang Industrial Estate on Bangkok’s outskirts.

The electrical output from the three units has been supplied 90 MW to Electricity Generating Authority of Thailand (EGAT) under a 25- year agreement, while the remaining electricity and steam production is piped to industries in the industrial parks.

Meanwhile, Dr Link said BGRIM will leverage on its experience and expertise to improve the efficiency of these three co-generation plants continuously in the future.

Currently, BGRIM has 50 power plants in commercial operation with a total installed capacity of 2,894 MW. The company aims to ramp up its total installed capacity to 7,200 MW of secured PPA by 2025 and further to 10,000 MW by 2030 with an annual revenue of more than 100 billion baht being targeted.   

BGRIM is working to be a leading global energy company and setting an important long-term goal to become a net-zero carbon emissions organisation by 2050. That goal is in line with BGRIM’s vision of “Empowering the World Compassionately” based on the principles of generosity in business to create value for society and growing alongside Thailand.

Published : November 04, 2021

3 ‘unicorn’ startups emerged in 2021 #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40008389


Despite the impacts of Covid-19 outbreak that have affected several industries in Thailand, in the year 2021 the country still manages to see up to three startup companies becoming ‘unicorns’, a term dedicated to startups valued at more than $1 billion. These companies are Flash Group, Ascend Money and the newcomer Bitkub.

Flash Express: The first unicorn

Flash Express is a private logistics and courier service provider under the management of Komsan Lee, who in June closed the investment deals with Buer Capital Limited, SCB 10X and several others valued at $150 million or 4.7 billion baht. It is the first Thai startup to achieve this fundraising target in under three years and the company’s value therefore soared above $1 billion or over 30 billion baht. Flash is now Thailand’s no.1 private courier that handles more than 2 million parcels per day.
 

Ascend Money: A fintech unicorn

In September, Ascend Money, a flagship digital finance arm of CP Group has secured over $150 million from fundraising with Bow Wave Capital Management and Ant Group, which drove the company’s value to $1.5 billion. The company’s flagship service “True Money” is a leading e-wallet platform in Thailand with more than 20 million domestic users and recorded over 2.2 billion transactions in 2020 worth $14 billion. True Money has also expanded to six countries in Southeast Asia and has secured more than 50 million users by the end of 2020.

Bitkub: A crypto unicorn

SCBX, the ‘Mothership’ company of SCB Group recently announced that it will take over 51 per cent of ordinary shares of Bitkub Online Ltd., a leader in digital asset exchange well known for cryptocurrency trading. The shares worth 17.85 billion baht will be held by SCB Securities (SCBS) who will work with Bitkub to build a digital asset ecosystem, whereas the deal has made Bitkub Thailand’s third unicorn startup with estimated value of over 35 billion baht.

There are still two more months before the year ends. Keep a close eye on Thailand’s startups and do not be surprised if the fourth or fifth unicorns will emerge before 2022 arrives. 

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Published : November 04, 2021

By : THE NATION

Consumer Confidence Index soars to highest point in five months following lockdown easing, reopening #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40008410


The overall Consumer Confidence Index (CCI) in October stood at 43.9, increasing from 41.4 in September and being the highest in the past five months, according to a survey by the University of the Thai Chamber of Commerces Centre for Economic and Business Forecasting.

“The CCI has been rising for two consecutive months following the Centre for Covid-19 Situation Administration’s decision to ease lockdown measures in red zone provinces as well as reduce nighttime curfew,” said Thanawat Polvichai, director of the centre, on Thursday.

“The announcement by the government to reopen selected tourist provinces from November 1, as well as a cap on the diesel price at Bt30 per litre also helped improve consumer confidence in the economic recovery.”

Thanawat said that although the CCI has shown an improving trend, it is still far below the 100 level, which indicates consumers perceive that the economy is still recovering from the impacts of Covid-19.

The centre estimated that positive factors related to the Covid-19 situation, which include a decreasing number of new Covid-19 infections and deaths, an improving vaccination rate, easing of lockdown measures, and reopening of tourist provinces will spur people to spend and travel more toward the end of the year and thus improve the country’s overall economic outlook in the fourth quarter.

“We estimate that this year’s gross domestic product could expand by 1 to 1.5 per cent,” Thanawat added.

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Published : November 04, 2021

By : THE NATION

Gold price crashes on Thursday morning trade #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40008392


The price of gold dropped by THB100 in morning trade on Thursday.

A9.27am report from the Gold Traders Association showed the buying price of gold bar at THB27,950 per baht weight and selling price at THB28,050, while the buying and selling price of gold ornaments is THB27,439.60 and THB28,550, respectively.

At close on Wednesday, the buying price of gold bar was THB28,050 per baht weight and selling price THB28,150, while gold ornaments were THB27,545.72 and THB28,650, respectively.

The spot gold price on Thursday morning was hovering around US$1,777 (THB59,245) per ounce after Comex gold at close on Wednesday dropped by $25.5 to $1,763.9 per ounce due to pressure from the selling of gold as safe-haven assets after the US revealed strong economic data from private sector employment numbers that rose more than expected in October.

Related news:

The price of gold in Hong Kong, meanwhile, dropped by HK$70 to $16,480 (THB70,603) per tael, the Chinese Gold and Silver Exchange Society reported.

Published : November 04, 2021

By : THE NATION

Baht strengthens a tad as dollar weakens #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

https://www.nationthailand.com/business/40008390


The baht opened at 33.28 to the US dollar on Thursday, strengthening from Wednesday’s closing rate of 33.31.

The Thai currency is likely to move between 33.20 and 33.35 during the day, Krungthai Bank market strategist Poon Panichpibool predicted.

Poon said that the baht might strengthen slightly even the dollar weaken because the baht strengthened much before the US Federal Reserve which baht reached 33.45 to the dollar.

Moreover, investors are buying gold as the price went down again which will pressure the baht to weaken.

He said foreign investors will have to invest in Thailand for the baht to reach 33.00 to the dollar. In the short term, Poon expected foreign investors will not invest in Thai stocks until they see a sign of economic recovery after the country opening.

The key resistance level for the baht would be from 33.40 to 33.50 to the dollar, which is the level at which exporters might sell the US currency.

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The baht’s key support level would be from 33.00 to 33.10, the level some importers are waiting for so they can buy dollars, he added.

Moreover, foreign investors set a stop loss level at 33.00 to the dollar. If the baht strengthen past the level, the baht might strengthen suddenly.

Published : November 04, 2021

By : THE NATION