Thai Stock Market Roundup August 1, 2019

– SET closed at 1,699.75 points, declined 12.22 points or 0.71% with a trading value of THB 54.65 billion. Today, the SET Index switched to close lower than yesterday by 12.22 points the same as the regional market which has also closed in the negative territory. A decline of Asia market due to the effect of Fed meeting’s result and the selling from block trade. For the Thai Market, there is no positive factor to support the market due to awaiting 2Q financial statement to be announced. For the international market, investors still keep an eye on the U.S. economic data.

– Institutions, Proprietary Trading, and Foreign Investors net sold THB 3,255.32 million to plunge SET by 12.22 point while Institutions stood alone to buy.

Stocks in Focus on 1 August 2019: SISB and PTG
      – The analyst recommended “BUY” SISB share with the revised target price of ฿9.20/share from the previous target price of ฿8.84/share. The analyst expected a 2Q2019 profit to increase 21% QoQ, 147% YoY to THB 51 million from an increase in the number of students, expecting to increase 70 people to 2,375 people (excluding Chiang Mai branch, Thailand). Moreover, SISB’s 3Q2019 profit will be better in August because a new semester has started and a yearly increase of 5% tuition fee. However, if the number of students is equal to a 2Q2019, the profit will increase by 10-12% because mostly the cost of SISB is a fixed cost.
      – The analyst recommended “BUY” PTG share with the target price of ฿23.50/share and stated that Palm Complex projects of PTG will acquire a positive effect from the Ministry of Energy’s policy which the policy has supported the biodiesel business both in pricing and consuming B10 or B20 oil instead of B7 oil. As a result, a market of B100 oil was tight and the demand for B100 oil has increased 7% which currently, the demand is 4-5 million liters/day. PTG has a low downside risk in terms of biodiesel business because there is a captive demand through their own petrol station which PTG oil production is usually sold out. Currently, the capacity of PTG oil production is 450k liters/day while 400-500k liters of oil has been selling through PTG petrol station per day.

– EARTH delayed the submission of the financial report without giving any time frame.

– KUMWEL jumped 13% at the open to trade at ฿1.24/share.

– ORI rebound 6% after “Peerapong” asserted a baseless rumor and insists on strong business.

– U.S. largest oil refinery – ExxonMobil – caught fire! still no update on 560k production.

– U completed an agreement to acquire ordinary shares in 2 companies in Germany with ฿146 million.

– ORI’s project beat average pre-sales rate by 30%, the analyst gave the target price with ฿12/share with 47% Upside.

 

Top 10 Most Impact Shares on August 1, 2019