Amazing results from ThaiBev and the stock gap up at 8% with so much finesse. At one point yesterday, I thought the stock was dying but then suddenly, after market when the results was released, it's net profits durged more than double to 7.6b baht. Click below to see news.
https://www.businesstimes.com.sg/companies-markets/thaibev-q1-net-profit-more-than-doubles-to-74b-baht
Actually, looking back at the chart, the stock already ran ahead of the result. From 0.58 to 0.76 back like one month ago, the rise was very strong which suggested that the stock price already factored in the results and then there was some minor profit taking and suddenly it gap up today. Thai Bev is a very slow stock but when it can gap up like this, I believe there was momentum change. Let's see how it performed in the next few weeks.
Ronald K - Market Psychologist - A Stock Market Opportunist
