Thai Stock Market Roundup August 8, 2019

– SET closed at 1,665.12 points, declined 4.32 points or 0.26% with a trading value of THB 62.65 billion. A decline in today’s session despite a gain of all other major indices in the region might be due to the Chinese exports data, Thailand’s main exports-imports partners, that was better-than-expected, but still in a weak state at -5.6%. Meanwhile, The People’s Bank of China’s daily fix of the yuan midpoint was set at 7.0039 per dollar on Thursday, which was the lowest since 2008.
Moreover, a decrease in the Thai market might due to a result of pressure from a fall of stock in the petrochemical sector after the announcement of 2Q2019 financial reports of PTT group which turned out not quite well. As a result, stock in the PTT Group and petrochemical sector decreased and pressured an overall of the market.

– Institutions and Proprietary Trading net sold by THB 1,497.5 million to plunge the SET by 4 points while Foreign Investors net bought by THB 935.38 million.

– Stocks in Focus on 8 August 2019: MTC and INTUCH
      – The analyst recommended “BUY” MTC share with the target price of ฿68.00/share based on 2020E PBV 7.0 (5Years average PBV).  MTC announced a net profit of 2Q2019 at THB 1.02 billion, increasing 12% YoY, 2% QoQ which was closed to the analyst estimation but it was still lower than the market had expected of 7%. Moreover, the analyst has also believed that MTC’s performance in the first half of 2019 will be better and continue to grow from a better loan yield, especially releasing the motorcycle hire purchase. Meanwhile, the share price of MTC has increased and outperformed SET by 26% in the past 3 months from a belief in a rise of net profit and a positive effect of 0.25% of an interest rate cut from the announcement policy of MPC yesterday (07 Aug 2019).
      – The analyst recommended INTUCH to be a defensive stock which sought from a high risk of the market. The main profit of INTUCH depends on ADVANC which has returned to its usual path after the decrease of price competition while THCOM only contributes less than 1% of INTUCH’s profit.  INTUCH paid 2.1% of dividend yield or ฿1.35/share with XD date on 19 Aug 2019 which is higher than the dividend yield of ADVANC at 1.7% or ฿3.75/share with XD on 16 Aug 2019. The share price of INTUCH has the potential for upside but ADVANC has already reached its full value while INTUCH has a cheaper valuation.

– China beat expectations by reported an increased of 3.3% in exports, imports dropped 5.6%.

– IVL announced the acquisition of “Huntsman Corp.” to enhance the new growth engines.

– BH reported a fall of profit by 25% in 2Q2019 from the post-employee benefits.

– MTC’s 2Q profit hikes 12% to ฿1.02 billion from an increase of 21% in revenue.

– MONO reported a net loss of ฿95 million in 2Q2019 from decreasing in subscription revenues.

– SF’s 2Q profit increases 56% from Megabangna’s share profit and rise of rental income.

– WHAUP invests ฿2.7 billion in“SDWTP” to supply water for business expansion in Vietnam.

– GFPT’s 2Q profit increased to ฿341 million after gaining higher revenue from processed chicken.

– IVL reported a fall of 73% in 2Q19 profit as investment costs and expenses rise.

Top 10 Most Impact Shares on August 8, 2019