Thai Stock Market Roundup January 20, 2020

– SET closed at 1,589.11 points, decreased 11.37 points or 0.71% with a trading value of 58 billion baht. The analyst stated that the plummet in today’s session was domestic sentiment from the banking sector that dragged the market down around 8 points, especially SCB that disappointed investors with a lower-than-expected net profit in 2019, sending negative sentiment to other stocks in the sector.

The analyst said that there is a chance for a small rebound in tomorrow’s session, giving a support level at 1,585 points and a resistance level at 1,595 points.

– Individuals scooped 5.6 billion baht worth of Thai shares being poured by Institutions, Proprietary Trading and Foreign Investors.

– TMB booked a profit of ฿7.2bn in 2019, reporting higher non-interest income and lower NPL.

– BAY’s sale of “Ngern Tid Lor” skyrocketed 2019 net profit to book at ฿32.7bn.

– NER expected revenue in 2020 to increase over 50% mainly from an increase in orders, production capacity and new products.

– SCB fell 12.82% after the announcement of yearly financial statements in 2019 with an increase of net profit by 1%, being held back from higher provisions and NPL.

– “Pakorn” said SET in 2020 would embrace growth in a balanced and sustainable manner.

– OPEC claimed a robust oil demand with positive potential growth in 2020.

– TTCL acquired a $60M project to construct a chemical plant in Malaysia.

– UNIQ issued 3-year debentures with 3.7% coupon rate and “BBB” “Stable” rating from TRIS.

– CK signed a contract worth ฿293M for MRT Blue Line extension works.

– SPCG invested ฿2.5bn on 469MW-Mega Solar Farm Project in Ukujima, Japan.

– BGRIM inked the deal with EGAT to operate the world’s largest hybrid hydro-floating solar power plant.

– Stocks in Focus on January 20, 2020: KTB (KGI Securities TP at ฿20.20/share) and CPF (Maybank Kim Eng TP at ฿36.00/share).

 

Top 10 Most Impact Shares on January 20, 2020