Thai Stock Market Roundup January 21, 2020
A short summary to inform investors of what had happened in the Thai stock market on January 21, 2020.
– SET closed at 1,574.94 points, fell 14.17 points or 0.89% with a trading value of 76.6 billion baht. The analyst stated that the plummet in today’s session was due to various factors both from domestic and international such as the coronavirus, economic growth cut by IMF to 3.3%, and the FY2020 government budget that could be delayed from an investigation on the voting approval.
The analyst expected tomorrow’s session to be similar, setting a support level at 1,560 points and a resistance level at 1,580-1,590 points.
– Local Institutions plunged SET Index by 14 points after pouring 6.87 billion baht worth of Thai shares back to the market amid concerns of coronavirus outbreak.
– IMF cut global growth forecast due to economic uncertainty.
– KBANK maintained a steady net profit in 2019 at ฿38.7 billion.
– LHFG’s 2019 profit edged higher by 3.4% while NPL dropped to 1.17%.
– 6 oil refineries to invest ฿50bn for Euro 5 standard before the deadline on 2024.
– Chinese official confirmed person-to-person spread of coronavirus.
– Analyst expected NOBLE to post a new high in 2019 revenue, recommending BUY at ฿28.00/share.
– SEAFCO announced two new projects with a total value of ฿135 million.
– NYT to appeal on the fire trucks case with BMA.
– MINT hit a new low in one year, plunged 7.19% following the coronavirus outbreak.
– Stocks in Focus on January 21, 2020: EKH (KGI Securities TP at ฿8.90/share) and STEC (Kasikorn Securities TP at ฿21.50/share).
Top 10 Most Impact Shares on January 21, 2020
