Thai Stock Market Roundup November 7, 2019
A short summary to inform investors of what had happened in the Thai stock market on November 7, 2019.
– SET closed at 1,640.88 points, jumped 16.89 points or 1.04% with a trading value of 59 billion baht. The analyst stated that SET Index rebounded from a slight loss in the morning session to gain nearly 17 points late afternoon due to the trade optimism on phased removal of import duties between the U.S. and China, according to the statement from the Chinese Commerce Ministry spokesperson Gao Feng.
Tomorrow’s session is expected to continue the hike, though could be limited. The analyst gave a support level at 1,630 points and the resistance level at 1,652 – 1,657 points.
– Institutions net bought Thai stocks to buoy the market by 17 points with a total of ฿3.3bn.
– One-time items plunged BCPG’s 3Q profit to ฿401m, “Lomligor” kept the revenue higher.
– AMANAH’s 3Q19 skyrocketed by 76% to ฿68m after an outstanding growth in ATM lending.
– MONO recorded a net loss of ฿177mn in 3Q19 from lower revenue and high competition.
– JUBILE’s 3Q19 profit hiked 22% to ฿62mn from high SSSG near 12%.
– PTTGC reported a net profit in 3Q19 at ฿2.6bn with higher sales volume and GRM.
– Low income from sales dropped LPN’s 3Q19 profit by 60% to ฿115mn.
– Stocks in Focus on November 7, 2019: ITEL (Finansia Syrus Securities TP ฿3.80/share) and COM7 (KGI Securities TP ฿31.00/share).
Top 10 Most Impact Shares on November 7, 2019
