The Latest Breaking News from SET

Shares of Delta Electronics (Thailand) Plc, which have shot up this year to become the country’s most valuable stock, slumped on Tuesday as the Stock Exchange of Thailand imposed trading curbs to quell unexplained gains. Analysts also queried the surge in its valuation.

Stark Corporation is poised to be delisted from the Stock Exchange of Thailand (SET) due to its negative shareholders' equity, while the Securities and Exchange Commission (SEC) is vowing to take legal action against those involved in preparing the company's faulty financial statements.

SET-listed Energy Absolute (EA), a renewable energy and electric vehicle (EV) developer and operator, plans to partner with auto parts manufacturers to develop its EV business as the industry continues to grow.

The SET index climbed to the key resistance at 1,570 points early this week before consolidating to build a new base at around 1,550+. Early gains were driven by short-covering in blue chips by investors unwinding positions.

SET-listed developer Raimon Land Plc is confident about high-end residential demand, with plans to launch three new luxury projects worth 18 billion baht in Phuket and Bangkok in the fourth quarter.

SET-listed Demco, a contractor and engineering service provider, plans to diversify into digital technology businesses and continue to grow its renewable energy portfolio, although it admits missing an opportunity to join the state renewable development scheme.

The Stock Exchange of Thailand (SET) has told investors to exercise caution and study information carefully regarding the trading of One to One Contacts Plc (OTO) shares, citing irregular trading volume on June 12-13.

Charoen Pokphand Foods (CPF), the SET-listed flagship of food and agribusiness conglomerate CP Group, expects its total revenue to increase by 7-8% to 610-620 billion baht this year, attributed mainly to contributions from its international business, particularly the Philippines, where the firm's animal feed business is growing.

SET-listed Stark Corporation is entering an arbitration dispute with German firms Leoni AG and Leoni Bordnetz-Systeme GmbH, which claim €608 million from the company, citing a violation of their sales and purchase agreement.

Tisco Asset Management recommends Thai equity mutual funds related to the domestic economy and tourism as well as Chinese equities, US technology and dividend stocks, and US bonds for the second half of this year.

SET-listed auto retailer Millennium Group Corporation (MGC-Asia) is no stranger to business diversification.