Thai Stock Market Roundup on December 18, 2020
A short summary to inform investors of what had happened in the Thai stock market on December 18, 2020.
– SET Index closed at 1,482.38 points, decreased 1.51 points or 0.10% with a trading value of 117 billion baht. The analyst stated that the Thai stock market swung in sideways trends and rebasing similarly to the regional markets as the market lacked positive sentiment, while investors switched to focus on mid and small-cap stocks.
The analyst gave a support level for next week at 1,460 points and a resistance level at 1,500 points.
– Foreign Investors and Local Institutions combined a net sell of 9.23 billion baht to plunge SET by 1.5pts.
– Delta Air Lines conducted quarantine-free travel from US to Europe.
– China planned to vaccinate 50 million people before the Lunar New Year in 2021.
– SYNEX saw a 15% growth in revenue for 2021 in response to the 5G technology trends.
– PTT dissolved three dormant subsidiaries to align with the business plans, while revealing its 5-year plan with a budget of 180 billion baht to focus in the gas business.
– PTTGC expected more overseas M&A in 2021, signaling for its sales to expand 10%.
– SCGP completed the Vietnam’s packaging firm “SOVI” deal, expecting to book profit in 2021.
– CHOW to book ฿4.1Bn from the sale of 9 solar farms in Japan with total capacity of 64MW.
– CENTEL expected its business to recover in 2H21 in response to the wide spread of coronavirus vaccine.
– TEAMG signed a 10-year solar power purchase agreement with “Siam Quality Steel”
– CPF officially announced the completion of “Tesco” Deal.
– Stocks in Focus on December 18, 2020: SAT (Krungsri Securities TP at ฿17.00/share) and AAV (KGI Securities TP at ฿3.25/share).
Top 10 Most Impact Shares on December 18, 2020
