Thai Stock Market Roundup April 28, 2020

– SET Index closed at 1,274.99 points, increased 7.58 points or 0.60% with a trading value of 60.5 billion baht. The analyst stated that the Thai stock market was quite volatile due to a profit-taking as the market had been edging higher as of late. The upside, though limited, was from the anticipation of easing the partial lockdown, which would need to wait for the approval tomorrow.

The analyst advised to keep an eye on the Fed and ECB meeting to see the direction of the economy, and expected the market to move sideways in tomorrow’s session. The support level was set at 1,240 points and a resistance level at 1,280 points.

– Local Institutions, Proprietary Trading and Foreign Investors combined a net buy of 1 billion baht to buoy SET Index by 7.5pts.

– U.S. forfeited duty-free treatment for 573 items from Thailand worth $1.5Bn under GSP.

– HMPRO reported a decline of 10% in 1Q profit as COVID-19 outbreak halted the economy.

– AEONTS’ 2019 profit increased by 13% from higher revenue and bad debt recovery.

– ROJNA established “RLN Energy” to expand solar rooftop business.

– GRAMMY acquired “Nam Dee Mai Ngarm” to support its marketing strategy and communication.

– BJC submitted a filing for two series of debentures for subscription on May 28 – June 1.

– SUPER’s shareholders approved a debenture not exceeding 7,500 million baht to support business expansion.

– PTT emphasized on strong financial status without BSF, asserting the “Hin Leong” bankruptcy had no effect on the company.

– ITD submitted a proposal to SEC to request a delay of 1Q20 financial report submission due to the impact of Covid-19 on auditing.

– AOT officially announced a temporary ban on all international flights to Thailand till May 31, 2020.

– Stocks in Focus on April 28, 2020: BEM (Maybank Kim Eng TP at ฿13.30/share) and CPF (Krungsri Securities TP at ฿32.75/share).

 

Top 10 Most Impact Shares on April 28, 2020