Thai Stock Market Roundup on July 21, 2020

– SET Index closed at 1,377.00 points, increased 18.71 points or 1.38% with a trading value of 64.2 billion baht. The analyst stated that the Thai stock market traded higher in the same direction of global markets in response to the report of coronavirus vaccine and the agreement of EU leaders on €750 billion recovery fund.

Moreover, oil prices also edged higher, resulting in the energy sector and petrochemical to support the market.

The analyst expected SET Index to continue its gain in tomorrow’s session within 1,370-1,390 points.

– Proprietary Trading combined Local Institutions and Foreign Investors to net bought nearly 2.5 billion baht in SET Index, buoying the index to close higher by 19 points.

– EU finally reached an agreement for €750Bn pandemic recovery fund.

– SCB reported ฿8.3Bn of profit in 2Q20, showing a better-than-expected performance.

– Soaring ECL plunged KTB’s 2Q profit to book 53% lower at ฿3.8Bn.

– CIMBT reported a surprising 115% growth for 6-month earnings, booking nearly ฿1.4Bn.

– BAY’s 2Q earnings slightly decreased by 7% to ฿6.5Bn as ECL dipped 17.5%.

– JMT and BAM gained advantages from higher NPLs, while the analyst expected CHAYO to book a new high in 2Q.

– NEX stated that there was no material development in the company that led to a series of rallies in its share price.

– Two of MCOT’s directors resigned in disapproval of the company’s action toward NBTC’s compensation.

– Stocks in Focus on July 21, 2020: HANA (KGI Securities TP at ฿36.00/share) and BAM (Maybank Kim Eng TP at ฿31.50/share).

 

Top 10 Most Impact Shares on July 21, 2020