Thai Stock Market Roundup November 5, 2019

– SET closed at 1,626.87 points, increased 4.62 points or 0..28% with a trading value of 59.1 billion baht. The analyst saw that the index was still well above the support line at 1,617 points, a short period of plummet in today’s trading session might be the profit taking after a high surge from yesterday.

The Thai market was thriving to match the incline of global market that expected the U.S. and China trade deal to happen while various central banks had eased their monetary policy, though the outlook of 3Q19 financial statements might not be as good as it should.

In addition, the analyst expected a surge in tomorrow’s session if MPC cuts the rate, giving a support level at 1,617 points and a resistance level at 1,630-1,640 points.

– Institutions continued to buoy SET Index by 4.6 points, stood alone for a net buy of 4.4 billion baht.

– OSP purchased 60% of “OSPVTA” shares to expand its energy drinks business in Vietnam.

– PACE requested SCB to extend the deadline of the payment date for its 2.7 billion baht default to November 20.

– IRPC reported a net stock loss in 3Q19, turned to face a net loss of ฿1.3bn.

– Analyst expected IRPC’s earnings to see profit as GRM to increase and no overhaul needed.

– Central Group planned ฿20bn overseas investment to raise its flagship as top retailer.

– ROBINS’ 3Q profit dropped 7% from lower sales and share of profit to book ฿619m.

– TU’s frozen and PetCare businesses buoyed its 3Q19 net profit to increase near 5%.

– OPEC saw oil output to plummet in the next five years to 32.8m bpd.

– GLAND revealed a shrink of 11% in 3Q19 net profit to book 117 million baht.

– Stocks in Focus on November 5, 2019: CPF (Krungsri Securities TP ฿33.50/share) and MEGA (Kasikorn Securities TP ฿43.00/share).

 

Top 10 Most Impact Shares on November 5, 2019