Thai Stock Market Roundup April 29, 2020

– SET Index closed at 1,282.68 points, increased 7.69 points or 0.60% with a trading value of 49.1 billion baht. The analyst stated that the Thai stock market moved in the same direction of regional markets and European markets upon the anticipation of the U.S. FOMC to maintain its policy rate at a lower level. Meanwhile, the Thai market still had no positive factor to support the market.

The analyst suggested investors to follow the announcement of U.S. 1Q GDP, while setting a support level for tomorrow’s session at 1,260-1,250 points and a resistance level at 1,290-1,300 points.

– Individuals and Proprietary Trading buoyed the Thai stock market with a net buy nearly 1 billion baht in hopes of easing the partial lockdown.

– Worldwide Covid-19 cases topped 3.1 million while the U.S. surpassed 1 million.

– Global economic slowdown hit March industrial production to shrink 11.25%.

– A decrease of patients caused BH to report a decline of profit in 1Q by 29%.

– COTTO reported a slight decrease in 1Q profit from lower revenue and higher depreciation.

– A plummet in chemical sales caused SCC to book lower profit in 1Q20 by 40%.

– BA extended the suspension of domestic flights and all airports excluding Samui.

– Tris Rating affirmed ORI a “BBB” and a “Stable” outlook on performance and sizable backlog.

– PRM asserted that the company did not have any transaction with Hin Leong.

– SEPO approved the plan to recover THAI for near term and long term sustainability.

– IVL closed flat at ฿27.50 after a fire incident in the U.S. site with no material impact.

– Stocks in Focus on April 29, 2020: CPN (Maybank Kim Eng TP at ฿66.00/share) and ICHI (Finansia Syrus Securities TP at ฿6.80/share).

 

Top 10 Most Impact Shares on April 29, 2020