Thai Stock Market Roundup on August 13, 2020

– SET Index closed at 1,346.69 points, increased 9.85 points or 0.74% with a trading value of 77.8 billion baht. The analyst stated that the Thai stock market closed higher in today’s session, in line with other regional markets in hopes of the development of a coronavirus vaccine that could be earlier than the market expected, resulting in a switch from safe assets to risk assets.

Moreover, the Thai government also planned to ease restrictions for traveling along with relief packages, causing stocks related to travel industries such as MINT, CENTEL and AOT to drive the market.

The analyst estimated that tomorrow’s session could fluctuate after the market had been digesting the positive factor from the coronavirus vaccine for two days, expecting the index to move between 1,340-1,360 points.

– Local Institutions buoyed SET nearly 10 points with a 2.4 billion baht of net buy in response to coronavirus vaccine hopes.

– Frozen chicken from Brazil contained coronavirus, said Chinese authorities.

– MINT believed the “worst is over,” expecting full operations in 4Q with higher efficiency.

– BCP reported an improvement from 1Q as cost of sales and services dropped 43%.

– ORI’s 2Q profit reached ฿707 million as estate transfer increased amid Covid-19 outbreak.

– CKP expected its revenue to post a record high in 2H20, supported by “Nam Ngum 2” and “Xayaburi HPP”.

– AAV posted a further loss of ฿1.1Bn in 2Q after suffering from lockdowns amid pandemic.

– FETCO reported that political issues and business slowdown would lower investors’ confidence by 16% in the next three months.

– DOD’s 2Q profit jumped 324% in 2Q after booking higher revenue from sales.

– “Aloke Lohia” affirmed IVL’s strong cash flows, seeing signs of recovery for businesses.

– Stocks in Focus on August 13, 2020: SPALI (KGI Securities TP at ฿19.60/share) and PRM (KTB Securities TP at ฿12.70/share).

 

Top 10 Most Impact Shares on August 13, 2020