SET loses 0.75% amid worries over Covid-19, foreign fund flows
The Stock Exchange of Thailand (SET) Index closed at 1,568.21 on Thursday, down 11.80 points or 0.75 per cent. The volume of total transactions was THB93.33 billion with an index high of 1,587.95 and a low of 1,564.83.
In the morning session, Krungsri Securities expected the day’s index to rise to a resistance level between 1,585 and 1,590 points in line with regional indices.
However, uncertainty over the surge of Covid-19 cases in Thailand, the falling oil price and possible outflow of foreign funds would pressure the index, it added.
The 10 stocks with the highest trade value today were SAWAD, KBANK, STA, SCC, SCB, STGT, ADVANC, BBL, PSL and AOT.
Other Asian indices were mixed:
Japan’s Nikkei Index closed at 29,188.17, up 679.62 points or 2.38 per cent.
China’s Shang Hai SE Composite Index closed at 3,465.11, down 7.82 points or 0.23 per cent, while Shenzhen SE Component Index closed at 14,209.44, up 58.30 points or 0.41 per cent.
Hong Kong’s Hang Seng Index closed at 28,755.34, up 133.42 points or 0.47 per cent.
South Korea’s KOSPI closed at 3,177.52, up 5.86 points or 0.18 per cent.
Taiwan’s TAIEX Index closed at 17,096.97, down 105.14 points or 0.61 per cent.
Montara Hospitality Group Names Functional Medicine Pioneer Dr. Stephen Barrie to Tri Vananda Executive Board
The world-renowned medical expert joins highly anticipated health and wellness community in Phuket Montara Hospitality Group, the Bangkok-based developer behind the award-winning luxury resort destination Trisara and Michelin-starred PRU, is developing Tri Vananda, a comprehensive health and wellness residential community in Phuket, Thailand, to be completed in 2023. Montara is investing over THB 6,600 million (USD 220 million) in Tri Vananda, envisioned to become Asia’s largest and most comprehensive wellness residential community.
Dr. Stephen Barrie, founder of the world’s largest functional medicine clinical reference laboratory for physicians, will join Montara Hospitality’s executive board to help develop a holistic suite of world-class integrative health and wellbeing programs for Tri Vananda. Montara Hospitality had also tapped spa and wellness industry authority Susan Harmsworth, who sits on the Advisory Board of the Global Wellness Summit and the Global Wellness Institute. Lending their expertise to the designs of the residential community and resort are three celebrated Thai firms: Habita Architects, P49 Deesign, and Arsomsilp Community and Environmental Architect. Furthermore, the interior design of the Community House scheduled to launch in July 2021 has been completed by globally renowned hospitality design firm AvroKO.
Dr. Barrie brings a wealth of expertise in the area of functional medicine to Montara. He is an internationally recognized physician, clinical medical researcher, lecturer, inventor, author and entrepreneur. For the past three years he has served as an executive at Viome – an artificial intelligence healthcare company developing diagnostics and therapeutics for chronic disease, based on the body’s expression of mRNA.
Dr. Barrie is the founder and former CEO and Chairman of Genova Diagnostics, the world’s largest functional medicine clinical reference laboratory for physicians, which he started in 1986 to advance natural medicine and the scientific research of integrative and anti-aging medicine around the world. In addition, He was Chief Medical Officer for Peking Union Functional Medicine Centers and Clinical Laboratory in Beijing, establishing over 50 functional medicine clinics throughout China as well as the largest private clinical diagnostic laboratory in China. He has been an advisor to the Chinese Minister of Health on integrating functional medicine into the Chinese healthcare system. Dr. Barrie is also a New York Times and Los Angeles Times bestselling author of several health books, including 7-Day Detox Miracle, Energize Your Life, and numerous scientific articles which have appeared in major medical journals including The Lancet, Agents and Actions, and Medical Hypothesis.
“I am excited to contribute my experience in functional medicine and help establish Tri Vananda as a world-class community that will pave a new path to integrative wellness,” says Dr. Barrie about his role at Montara Hospitality Group.
Says Kittisak Pattamasaevi, CEO of Montara Hospitality Group, “Dr. Barrie brings tremendous expertise in functional medicine in addition to global entrepreneurial wisdom. It is truly a privilege for the group to welcome him to our proud family.”
Daikin is committed to “Perfect the Air” develop air conditioning innovation for health with the launch of Daikin’s patented Streamer technology deactivate SARS-CoV-2 virus deliver pure, clean air to consumers
Mr. Akihisa Yokoyama, President of Siam Daikin Sales Co., Ltd., the world’s leader in air conditioning technology, reveals that Daikin has employed a strategy to create and develop air conditioning systems that “perfect the air” to deliver pure and clean air to consumers. The improved products would feature innovations for health and hygiene to accommodate the current SARS-CoV-2 pandemic that forces consumers to adopt New Normal lifestyle and look for health-improving devices and tools.
Daikin is delighted to announce the technology that fills this consumer’s need. The Daikin patented Streamer technology has been verified of its efficacy of successfully intercepting SARS-CoV-2 by The University of Tokyo and Okayama University of Science in Japan.
The test was completed scientifically and concluded that, when Streamer was turned on for 3 hours, it has the ability to deactivate 99.9% of SARS-CoV-2 virus and MHV-A59, and 93.6% of SARS-CoV-2 virus and 91.8% of MHV-A59 after 1 hour. However, the rest was conducted in a lab with a Streamer discharger and the efficacy is not inclusive when the technology is used in the actual environment.
To further ensure the consumers in Thailand, Daikin has collaborated with Environment Engineering Department, Faculty of Engineering of King Mongkut’s University of Technology Thonburi to verify the efficacy of Streamer technology in ZETAS air conditioner, launched earlier in Thailand. ZETAS is the first Daikin air condition launched in Thailand with Streamer technology, which was previously launched in air purifier.
The test simulated actual consumer’s home environment in Thailand to make sure that the local climate will not affect or diminish the efficacy of Streamer technology. The test result shows that Streamer technology can deactivate 75 – 99.96% of virus, bacteria and fungus in the air conditioner unit in the first 8 hours of use and 99.9% of pathogens in the fourth day. It is confirmed that Streamer technology can deactivate virus, bacteria, fungus, allergens and harmful gases in the air.
Mr. Akihisa Yokoyama says that Daikin tested the technology with respected institute to ensure the Thai consumers of its validity and strengthen Daikin’s position as the air expertise company. Daikin will continue to test Streamer technology’s efficacy with more renowned institutions in Thailand to confirm the results.
Test results from The University of Tokyo and Okayama University of Science in Japan, as well as King Mongkut’s University of Technology Thonburi show that Streamer technology embedded in Daikin air conditioner and air purifier has the ability to deactivate SARS-CoV-2 and reduce foul odor from bacteria and fungus in the air conditioner.
Mr. Akihisa Yokoyama continues that Daikin has been working closely with leading universities and state research institutes to test Streamer technology with harmful matters such as H5N1 virus, H1N1 Norovirus, harmful substances and bacteria that causes food poisoning. Streamer technology has also been tested against 60 harmful matters, which include 7 bacteria, 30 allergens and 19 dangerous chemicals and its efficacy was confirmed by a state research institute.
The streamer technology has been developed by Daikin Industries (Japan). In 2004, the technology was launched in the market with its highlight feature, the streamer discharge, that is capable of dissolving harmful substances in the air.
Streamer discharge is an air purifying technology that creates stable high-speed electrons – a technology that was hard to achieve at that time. Streamer’s ability to decompose matters with oxidation is higher than glow discharge. Moreover, when combined with the air’s molecule, these high-speed electrons can decompose matters with oxidation, allowing streamers to eliminate unpleasant orders, bacteria, and pollutants such as formaldehyde continuously and effectively.
This technology sets a new benchmark for household air conditioner and strengthens Daikin’s philosophy of not only cooling down the temperature but also perfecting the air. It also elevates the standard of air conditioner industry and inspires manufacturers to further develop technologies to the new height and deliver quality products with advanced technology to the consumers.
Daikin launches Daikin ZETAS to welcome the summer with streamer technology to eliminate virus, bacteria, fungus and unpleasant odor for clean air
Mr. Sarawut Tempattarasak, Corporate Planning Assistant General Manager of Siam Daikin Sales Co., Ltd., the world’s leader in air conditioning technology, announced the launch of Daikin air conditioner latest model, ZETAS, that comes equipped with Daikin’s patented streamer technology which helps eliminate virus, bacteria, fungus, allergens and various harmful gases in the air. Daikin ZETAS hit the market in March 2021.
For the time, streamer technology emits high-speed electrons that can deactivate SARS-CoV-2 and MHV-A59 by 99.9% – the test result was confirmed by Tokyo University and Okayama University in Japan on 16 July 2020.
The patented technology that is featured in Daikin ZETAS harnesses 3C innovations: Clean Air, Comfort Room and Convenient Control, that bring cool, comfortable air with user-friendly control via smartphone.
The Clean Air innovation comes with Air Purifying Mode. The streamer technology emits high-speed electron that help decompose germs and harmful matters. Efficiency tests by leading institutions in and outside of Japan since 2014 reveal that streamer can deactivate virus, fungus, bacteria, allergens and 60 kinds of harmful gasses, hence reduces germs and unpleasant odor to generate clean, pure air.
The model also has upgraded Mold Proof Function that better prevents moldy odor fungus. The automatic cleaning feature creates water from condensation to clean the fan coil then rids the moisture with blowing wind infused with streamer’s electrons to deactivate remaining germs in the air conditioner unit. The latest filter not only effectively filters PM2.5 dust but also virus, bacteria, unpleasant odor and allergens with Enzyme Blue technology that is proven to deactivate 99% of germs.
The Comfort Room innovation delivers cool and comfortable air with Hybrid Cooling technology that automatically keeps humidity level to 50-60% RH, which is scientifically proven to be the most suitable humidity level for Thai consumers, allowing for comfortable, light and pleasant feeling.
The last innovation, Convenient Control, is powered by built-in wi-fi adaptor that allows for easy control anytime from anywhere via Daikin Mobile Controller application on smartphone.
Mr. Sarawut added that Daikin ZETAS’s swing compressor also helps save energy, hence save electricity expenses. The fitted Super PCB PRO Inverter circuit board is also extra durable, and it helps protect the air conditioner unit damage from drop in voltage and power surge, allowing the unit to continue operating at as low as 130 volts and no damage through 440 volts of power surge. The board is also coated with dust-free, humidity-free and pest-free surface, and comes with 3-year warranty for this part.
Daikin ZETAS FTKZ09/12VV2S also comes with Intelligent Eye that maximizes comfort with automatic human movement detection, allowing for specific air flow or comfort airflow. Every BTU capacity of the model comes equipped with motion censor to save energy. The smart technology increases room temperature by 2 degrees Celsius when no human movement and reverts to the pre-set temperature when motion is detected.
Daikin ZETAS condensing unit is also pest-proofing. Small animal, such as house lizards, can cause serious damage to the circuit board, especially for residential areas upcountry. The newly improved condensing units either have smaller than 4mm access to the circuit board or are paved with proofing stickers (for slots wider than 4mm) to minimize possible damage from pest and prolong service life of the product.
Siam Daikin Sales Co., Ltd. signs MOU with King Mongkuts University of Technology Thonburi to verify the efficiency of Daikin ZETAS’s streamer technology in reducing viruses and bacteria to generate pure, clean air
Mr. Akihisa Yokoyama, President of Siam Daikin Sales Co., Ltd., the world’s leader in air conditioning technology, reveals that the firm has signed an MOU with the Environment Engineering Department, Faculty of Engineering of King Mongkuts University of Technology Thonburi, to test and verify the efficiency of Daikin’s patented Streamer technology that is designed to intercept virus, bacteria, fungus, allergens and other harmful gases to create pure, clean air and strengthen Daikin’s position as the world’s leader in air conditioning technology.
The efficiency test was done to Daikin’s latest model, ZETAS which was launched in March 2021, to verify the imbedded streamer technology’s capability in reducing bacteria and eliminating unpleasant odor from within the air conditioner unit.
The streamer technology has been developed by Daikin Industries (Japan). In 2004, the technology was launched in the market with its highlight feature, the streamer discharge, that is capable of dissolving harmful substances in the air.
Streamer discharge is an air purifying technology that creates stable high-speed electrons – a technology that was hard to achieve at that time. Streamer’s ability to decompose matters with oxidation is higher than glow discharge. Moreover, when combined with the air’s molecule, these high-speed electrons can decompose matters with oxidation, allowing streamers to eliminate unpleasant orders, bacteria, and pollutants such as formaldehyde continuously and effectively.
Asst. Professor Dr. Prapat Pongkiatkul and the research team from the Environment Engineering Department, Faculty of Engineering of King Mongkut’s University of Technology Thonburi tested the efficiency of streamer technology in Daikin ZETAS with bacteria sample collected from the fan coil unit and the drain tray of the air conditioner unit with unpleasant odor from a residential area in Thailand.
The bacteria sample was cultured and then embedded in a Daikin ZETAS, which was placed in an environment simulated from consumer’s household. The test confirms that streamer technology in Daikin ZETAS can deactivate 75%-99.96% of bacteria and fungus in the air conditioning unit within the first 8 hours of use. Daikin ZETAS can deactivate 99.9% of bacteria and fungus within the fourth day of use.
Mr. Akihisa Yokoyama says that the test result verifies streamer technology’s efficiency in Daikin ZETAS that it can help reduce unpleasant odor of air conditioner unit that is caused by bacteria and fungus. This technology sets a new benchmark for household air conditioner and strengthens Daikin’s philosophy of not only cooling down the temperature but also perfecting the air.
The MOU between Siam Daikin Sales Co., Ltd. and King Mongkut’s University of Technology Thonburi elevates that standard of air conditioner industry and inspires manufacturers to further develop technologies to the new height and deliver quality products with advanced technology to the consumers.
SET perks up a little, but Covid-19 worries, foreign fund flows cast shadow
The Stock Exchange of Thailand (SET) Index rose by 5.34 points or 0.34 per cent to 1,585.35 in the morning session on Thursday. The volume of total transactions was THB7.37 billion, with an index high of 1,587.95 and a low of 1,584.08.
AKrungsri Securities analyst expected the day’s index to rise to the resistance level between 1,585 and 1,590 points in line with the increase in regional indices.
However, he said uncertainty over the rising number of Covid-19 cases in Thailand, the falling oil price and the direction of foreign funds, which are likely to flow out, would pressure the index.
He recommended investors buy:
▪︎ PSL, TTA and RCL, which would benefit from a rise in the freight rate.
▪︎ TQM, STGT, Com7, Synex, BDMS, BCH and CHG, which benefit amid the spread of Covid-19.
▪︎ Hana, KCE, TU, and CPF, which benefit from the weakening baht.
The SET Index closed at 1,580.01 on Wednesday, down 0.03 points. The volume of total transactions was THB80.53 billion, with an index high of 1,584.57 points and a low of 1,575.56.
The baht opened at 31.28 to the US dollar on Thursday, strengthening from its close of 31.33 on Wednesday. The Thai currency is likely to move between 31.20 and 31.35 during the day, Krungthai Bank market strategist Poon Panichpibool said.
He said the baht was facing several negative factors, such as the Covid-19 crisis in Thailand and in other countries.
Poon predicted that the baht would move in a wide range after importers bought the US currency as the baht strengthened to 31.15 per dollar.
He expected exporters to sell the baht when it weakens to 31.50 per dollar.
Concern over rising Covid-19 infections pushes gold for second successive day
The price of gold rose by THB200 per baht weight during morning trade on Thursday thanks to mass buy-ups of the precious metal as the number of Covid-19 cases are rising exponentially in many countries, especially India.
According to the Gold Traders Association, as of 9.25am, the buying price of a gold bar was THB26,500 per baht weight and selling price THB26,600, while that of gold ornaments was THB26,029.72 and THB27,100, respectively.
On Wednesday’s close, the buying price of a gold bar was THB26,300 per baht weight and selling price THB26,400, while gold ornaments cost THB25,832.64 and THB26,900, respectively.
Spot gold price on Thursday stood at US$1,795 (THB56,240) per ounce after it rose $14.7 to $1,793.1 per ounce on Wednesday.
The Hong Kong gold price on Thursday rose by HK$100 to HK$16,610 (THB67,054) per tael, the Chinese Gold and Silver Exchange Society reported.
Laem Chabang project set to sail ahead after Cabinet agrees to lower returns
The Laem Chabang Port development project is expected to cast off after the Cabinet agreed to adjust down the project’s estimated returns to the state to Bt29.05 billion, which is the value agreed to by both bid winner GPC Consortium and the Port Authority of Thailand (PAT), PAT director-general Lt-Junior Grade Kamolsak Promprayoon said on Wednesday.
The project includes the development of the third phase of Laem Chabang Port, also known as Port F.
GPC Consortium, which includes PTT Tank Terminal, a subsidiary of PTT; Gulf Energy Development, and China Harbour Engineering, had previously proposed a net present value (NPV) of returns to the state of Bt12.05 billion, lower than the default amount of Bt32.2 billion the state had expected from the project. This led the Eastern Economic Corridor Office to propose to the Cabinet that it adjust the estimated returns down to Bt29.05 billion.
GPC will now present recommendations on increasing the efficiency of Port F to the Eastern Economic Corridor Office committee for its approval.
Kamolsak added that PAT has agreed to the lower returns to the state as it estimated that restarting the bidding process could delay Port F’s opening by up to two years.
SET Index stays level on bad day for other Asian stocks indices
The Stock Exchange of Thailand (SET) Index closed at 1,580.01 on Wednesday, down 0.03 points or 0.00 per cent. The volume of total transactions was THB80.53 billion with an index high of 1,584.57 and a low of 1,575.56.
In the morning session, Krungsri Securities said the index on Wednesday would fall to between 1,565 and 1,570 points, in line with the drop in regional indices due to uncertainty over rising Covid-19 cases worldwide, especially in India and South Africa.
It said negative sentiment over the pandemic had caused the oil price to fall and would impact energy-related shares.
“The index would also be under pressure from volatility in foreign fund flows,” Krungsri Securities said.
The 10 stocks with the highest trade value today were ADVANC, KBANK, INTUCH, DELTA, SCC, GULF, BBL, SAWAD, PTT and COM7.
Other Asian indices were down with one exception:
Japan’s Nikkei Index closed at 28,508.55, down 591.83 points or 2.03 per cent.
China’s Shang Hai SE Composite Index closed at 3,472.93, down 0.013 points or 0.00037 per cent, while the Shenzhen SE Component Index closed at 14,151.15, up 49.24 points or 0.35 per cent.
Hong Kong’s Hang Seng Index closed at 28,621.92, down 513.81 points or 1.76 per cent.
South Korea’s KOSPI closed at 3,171.66, down 49.04 points or 1.52 per cent.
Taiwan’s TAIEX Index closed at 17,202.11, down 121.76 points or 0.70 per cent.
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