Thai Stock Market Roundup May 5, 2020

– SET Index closed at 1,278.63 points, decreased 23.03 points or 1.77% with a trading value of 51.3 billion baht. The analyst stated that the decline in today’s session was mainly due to the current trading in the Thai stock market was at 17.6x of P/E ratio, which was quite high, coupled with concerns over the new trade dispute between the U.S. and China. Moreover, other stock markets already received the negative factor during Thailand’s holiday.

The analyst expected the session on Thursday to swing sideways, while the energy sector should be able to support the market, giving a support level at 1,265 points and a resistance level at 1,300 points.

– Foreign Investors poured 4.6 billion baht worth of Thai shares back to the market, causing SET Index to close 23pts lower.

– Fitch downgraded MINT’s debenture, dragging BBL down as a guarantor while NH earnings expected to report lower due to the virus outbreak.

– KCE temporarily closed its factory in Bangpu Industrial as well as its production cut to handle the coronavirus crisis.

– UREKA’s shareholders approved the capital increase of 550 million shares and the warrant issuance.

– SUPER commenced a COD of the thermal power plant project from community waste of 9.00 MW.

– A drop in sales revenue caused INGRS to report a net loss of ฿76 million in 2019.

– FX loss and lower share of profit prompted TU’s 1Q net profit to decline by 20%.

– SIRI reported a sales revenue of 17.3 billion baht for its first four months.

– Stocks in Focus on May 5, 2020: BJCHI (Maybank Kim Eng TP at ฿2.50/share) and PYLON (Asia Wealth Securities TP at ฿5.60/share).

 

Top 10 Most Impact Shares on May 5, 2020