Thai Stock Market Roundup April 20, 2020

– SET Index closed at 1,266.40 points, increased 27.16 points or 2.19% with a trading value of 67.1 billion baht. The analyst stated that the Thai stock market outperformed regional markets in today’s session in response to the anticipation of easing the partial lockdown and the earnings of the banking sector that were not as bad as expected upon the report from SCB, TISCO and TMB.

The analyst set a support level for tomorrow’s session at 1,240-1,230 points, and a resistance level at 1,280 points.

– SET rose 37 points as local Institutions buoyed the market with a 4.8 billion baht net buy.

– SCB reported an increase of net profit in 1Q to nearly ฿9.3Bn as non-NII edged higher.

– SCB cancelled the share repurchase program to provide help for customers amid the COVID-19 crisis.

– WTI crude dropped more than 20% to a 20-year low as the COVID-19 crisis hindered oil demand.

– PTG reduced dividend payment to ฿0.20 to maintain liquidity amid the COVID-19 crisis.

– CRC rose nearly 6% in hopes of reopening department stores in early May.

– ANAN acquired an additional 4.9 million shares in its JV “Ananda MF” to hold a total of 99.99%.

– TISCO’s 1Q20 profit declined by 14% to ฿1.48Bn after setting up higher provisions.

– TMB reported a skyrocket 1Q20 profit to ฿4.1Bn after booking a full-quarter earnings from TBANK.

– EPCO to change the company’s name to Eastern Power Group Public Company Limited, and its symbol to “EP”.

– Stocks in Focus on April 20, 2020: KTC (Asia Wealth Securities TP at ฿45.00/share) and BPC (KGI Securities TP at ฿25.00/share).

 

Top 10 Most Impact Shares on April 20, 2020