Thai Stock Market Roundup January 2, 2020

– SET closed at 1,595.82 points, increased 15.98 points or 1.01% with a trading value of 54.5 billion baht. The analyst stated that the increase in today’s session was due to the positive sentiment from the development of trade deal between the U.S. and China after Trump announced that the “Phase One” deal would be signed on January 15 at Washington and he would travel to Beijing to initiate the “Phase Two” right away.

Moreover, the market was buoyed by the buying pressure from the energy sector after speculation of a rising oil price from the easing of trade tension as well as the IMO2020 regulation.

The analyst set a support level for tomorrow’s session at 1,590 points and a resistance level at 1,610 points.

– Institutions debuted the first trading day of 2020 with a net buy of 5.1 billion baht, sending SET to skyrocket by 16 points.

– CK and STEC signed a construction contract of water supply pipeline worth ฿188m with Metropolitan Waterworks Authority.

– TAPAC announced a 10% growth of profit in 2019 to reach nearly 80 million baht.

– BOT stated that it would keep a close eye on baht movement after strengthened to 29.92 per dollar last Monday.

– MBK issued a debenture not exceeding 3 billion baht with a 2.94% interest rate and “A” rating.

– Analyst expected a decent NIM and strong EPS on Consumer Finance: MTC, KTC, SAWAD and AEONTS, in 2020.

– AWC invested 26.2 billion baht to buy assets in the property sectors such as hospitality and mixed-use properties to strengthen its performance.

– Stocks in Focus on January 1, 2020: AP (Asia Wealth Securities TP at ฿8.20/share) and BCP (KTB Securities (Thailand) TP at ฿30.00/share).

 

Top 10 Most Impact Shares on January 2, 2020