Thai Stock Market Roundup February 25, 2020
A short summary to inform investors of what had happened in the Thai stock market on February 25, 2020.
– SET closed at 1,439.10 points, increased 3.54 points or 0.25% with a trading value of 80.9 billion baht. The analyst stated that the market made a technical rebound after falling for a total of 120 points in three weeks. The rebound was in the same direction of other stock markets in Asia, while European markets opened higher, but also volatile in their morning sessions.
The analyst gave small weighing in political issues while asserted that after the censure, the stock market usually climbed higher.
SET Index would be able to continue its climb, but would also face profit-taking along the way. The analyst gave a support level at 1,435 points and a resistance level at 1,450 points.
– Local Institutions bought back 3.2 billion baht to buoy SET Index by 3.5pts.
– BGRIM showed a jumping-25% net profit in 2019 to ฿2.3bn, offered ฿0.22 dividend payment.
– TMB expected a low and manageable impact regarding the captive financing to “Chevrolet”.
– CTW reported a 2019 profit of ฿77 million.
– ESSO reported a net loss of ฿3 billion after recording a lower GRM and sales volumes.
– ILM’s 2019 profit climbed 9.8% to ฿596 million.
– MEGA booked a profit of ฿1,138 million, offered a dividend at ฿0.41/share.
– Business downturn and trade war pressured HANA’s profit in 2019 to decline 24%, still the company offered a ฿0.65 dividend payment.
– ERW recorded a lower net profit by 17% to book ฿445 million in 2018, issued ฿0.07 dividend payment.
– PRM’s net profit in 2019 jumped 44% after booking higher revenue while offering a dividend payment at ฿0.14/share.
– Lower revenue dropped TKN’s net profit in 2019 by 20%, offered ฿0.15 dividend payment.
– AP’s profit in 2019 fell 22% to 3.06 billion baht, offered a dividend payment at ฿0.40/share.
– Higher sales revenue reflected GFPT’s 15% profit growth in 2019, offered ฿0.20/share dividend payment.
– STPI made a comeback to book ฿2 billion of profit in 2019 from higher income.
– Stocks in Focus on February 25, 2020: LH (Krungsri Securities TP at 11.50/share) and HANA (KGI Securities TP at ฿39.00/share).
Top 10 Most Impact Shares on February 25, 2020
