Thai Stock Market Roundup August 5, 2019

A short summary to inform investors of what had happened in the Thai stock market on August 5, 2019

5 ส.ค. 2562

– SET closed at 1,665.99 points, plunged 18.72 points or 1.11% with a trading value of THB 48.47 billion. The SET Index continued to close negatively for the third day. Currently, a big protest in Hong Kong has made over 200 flights being canceled and HSI fell 3% in the same direction as Asia market. Moreover, a decline in the Asia market might also due to a concern of the trade war between the U.S. and China which Trump has just announced to impose 10% tariffs on $300 billion China imports, starting from 1st September 2019.

– Foreign Investors and Institutions combined a net sell of THB 3.96 billion as the trade tension escalated, causing SET Index to plunge near 19 points.

– Stocks in Focus on 5 August 2019: JMT and KKP
– The analyst recommended “BUY” JMT share with IAA consensus’s target price of THB 24.00/share and said a dip in the share price offers an opportunity to accumulative. The net profit should hit a new high every quarter this year supported by an expanding portfolio. The current portfolio is large at THB 140 billion, sufficient to generate cash flow for the next 12 years and the good news is commercial banks’ plan to write off THB 200 billion worth of NPL this year.
– The analyst recommended “BUY” KKP share with the target price of THB 77.00/share and stated that the KKP is a laggard, rising only 10% vs +20% for TISCO in the last 3 months. The dividend yield is expected at 6-7% p.a. The slow brokerage business should recover. KKP will book more IB income from large deals such as TMB+TBANK and CRC. Earnings have bottomed out.

– MCS acquired a project from “Shimizu” to build Japan’s tallest commercial building.

– SMART’s 2Q19 profit hiked 155% to ฿5.7 million due to the increase in sales volume and selling price.

– THCOM faced a net loss of ฿135 million from FX loss and extra payment under labor protection.

– ROH’s 2Q profit declined 54% from a decrease in services and post-employment benefits.

– RPH reported 2Q profit fell 4% from depreciation, expenses, and post-employment benefits.