Thai Stock Market Roundup May 11, 2020

– SET Index closed at 1,287.30 points, increased 21.28 points or 1.68% with a trading value of 56.8 billion baht. The analyst stated that the Thai stock market edged higher in hopes of the phase 2 lockdown easing, which would include the department stores and would lead to a faster recovery in Thai economy.

The market was buoyed by the energy sector. The oil prices were slowly hiking, though not posting an outstanding movement. Meanwhile, the petrochemical spread also rose after China started the reopening.

The analyst suggested investors to monitor the earnings for the remaining companies as the outcome was not any worse than what the market had expected. The stock market might be idling in tomorrow’s session as the index is close to reaching 1,300 points. In addition, the analyst expected the support level to be at 1,280 points and the resistance level at 1,300 points.

– Local Institutions buoyed SET Index by 21pts with 4,055 million baht of net buy.

– PTT’s ฿8.4Bn gain in oil price hedging mitigated loss in 1Q20 to Only ฿1.5Bn.

– AWC’s profit fell in 1Q from the COVID-19 outbreak, planning to diversify to real estate.

– INTUCH recorded 5.6% decline in 1Q20 profit after booking lower revenue share from ADVANC.

– JAS reported 1Q20 earnings with a ฿0.05 dividend payment.

– TASCO posted a net loss of ฿784mn following a decline in sales volume amid Covid-19.

– ZEN booked a net loss of ฿44mn as a consequence of Covid-19 outbreak.

– RS recorded a new high of profit in 1Q from a strong sales revenue and marketing promotion.

– GLOBAL’s 1Q20 profit jumped 13.7% to ฿615mn following a higher gross margin.

– CBG jumped 6% after reporting a 90% profit growth in 1Q20 from higher sales.

– SYNEX’s profit fell 28% due to a drop in sales volume amid US-China trade war and Covid-19.

– MAKRO reported a profit growth of 10% in 1Q from higher sales despite COVID-19 outbreak.

– SABINA expected a good response from its face mask with a total of 5 million pieces.

– TRIS affirmed an “A-” rating on THANI’s 5-year senior unsecured debentures with a “stable” outlook.

– Stocks in Focus on May 11, 2020: DRT (Maybank Kim Eng TP at ฿6.20/share) and RS (KTB Securities TP at ฿13.50/share).

 

Top 10 Most Impact Shares on May 11, 2020