Thai Stock Market Roundup February 14, 2020
A short summary to inform investors of what had happened in the Thai stock market on February 14, 2020.
– SET closed at 1,526.30 points, decreased 6.47 points or 0.42% with a trading value of 61.8 billion baht. The analyst stated that the Thai market swung sideways in today’s session, in line with regional markets that moved narrowly after some gains at the beginning of the week. The analyst believed that the coronavirus made investors slow down their investment as well as no new positive factors to buoy the market.
In addition, the analyst advised investors to keep an eye on the bidding for 2600MHz and other spectrums on Sunday and the official announcement of Thai GDP in 2019 on Monday along with the announcement of financial statements from listed companies.
The support level was set at 1,510 points and resistance level at 1,550 points for next week’s trading session.
– Foreign Investors sold 1,578 million baht of Thai shares to plunge SET Index by 6.47 points.
– OISHI’s net profit to grow 9% in Q1/2020, booked 356 million baht.
– SPVI’s 2019 profit jumped 67% to 75.7 million baht, offered a dividend payment at ฿0.10/share.
– IVL plunged nearly as much as 10% after UN included the company in its black list due to having ties with illegal settlements in the West Bank.
– U turned its operations in 2019 around to book a net profit at ฿1,867 million baht.
– SET posted “Cash Balance” on CHAYO.
– Stocks in Focus on February 14, 2020: KTC (KGI Securities TP at ฿48.00/share) and CBG (Maybank Kim Eng TP at ฿102.00/share).
Top 10 Most Impact Shares on February 14, 2020
