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To make things even worse, Canada had arrested Huawei CFO Mrs. Meng Wanzhou, who is the daughter of Huawei’s president, due to the request of the U.S. in an accusation of conspiracy to defraud multiple international institutions. Not long after the arrest, a total of two Canadians had been detained by Chinese authorities, claiming that the detainees had “engaged in activities that harm China s national security,” while another one was detained due to visa issue.
The performance of JMT for the second quarter of 2019 showed a net profit of THB 148.5 million, increased 23.9% from the second quarter of 2018. This represents net profit margin of 25.3%. JMT’s 6-months end of 2019 net profit was THB 293.0 million, increased 24.2% from the same period last year. JMT’s 6-month end net profit margin stood at 25.9%. An increase of net profit was a result of JMT has higher revenues from collection of purchased accounts receivables.
To make things even worse, Canada had arrested Huawei CFO Mrs. Meng Wanzhou, who is the daughter of Huawei’s president, due to the request of the U.S. in an accusation of conspiracy to defraud multiple international institutions. Not long after the arrest, a total of two Canadians had been detained by Chinese authorities, claiming that the detainees had “engaged in activities that harm China s national security,” while another one was detained due to visa issue.
SET closed at 1,615.47 points, dropped 7.26 points or 0.45% with a trading value of THB 69.67 billion. The SET Index continued to close lower for a second day in this week, while the regional market closed higher today. The decline of Thai market today might due to the uncertainty of the trade war between the U.S. and China, a weak yuan and the domestic political issue which gave an uncertainty sentiment to investors, resulting in a selloff to find safe assets.
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