Thai Stock Market Roundup January 27, 2020
A short summary to inform investors of what had happened in the Thai stock market on January 27, 2020.
– SET closed at 1,524.15 points, declined 45.40 points or 2.89% with a trading value of 69.1 billion baht. The analyst stated that the market panicked over the jumping number of the death toll in China from coronavirus which led to the announcement of Chinese authorities to prevent its travelers from going overseas in fear of contagion.
Stocks related to airline, hotel, and even hospital businesses took a huge blow due to an expectation of lower Chinese travelers in the celebration of Chinese New Year. The plummet could be seen in AOT’s share price as a topmost active in value to plunge by 3.85%.
The uncertainty in FY2020 budget whether to be nulled remained a negative factor for Thai political issues.
The analyst set a support level at 1,500 points and a resistance level at 1,530-1,540-1,550 points.
– Local Institutions, Proprietary Trading and Foreign Investors combined a 7.85 billion baht net sell to plunge SET Index by 45 points over the fear of coronavirus.
– DOD’s No.1 major shareholders acquired another 1.2429% to hold over 40% in total.
– SCB with an amazing dividend yield at 6.5%, expecting ฿4.25/share payment in April.
– D acquired a license to distribute “Zeiss” products, expecting to support its 2020 performance.
– EA introduced world-first phase change material (PCM) from palm oil, expecting to boost its income by 800 million baht.
– PTG expected to first use “B 10” on March 1, 2020, to help reducing PM 2.5
– TOP fell lower than ฿50.00/share, made a new low in four years and four months.
– SCB fell lower than ฿100.00/share, made a new low in eight years and four months.
– Experts said that China could lose $5 billion and 1% of economic growth from the coronavirus.
– ACE emphasized the strength of power plant business, expecting to bid for more projects in 2020 and to run 1,000MW within 2024.
– JCK established a new subsidiary to invest in a real estate development business.
– Stocks in Focus on January 27, 2020: SEAFCO (KGI Securities TP at ฿7.90/share) and HMPRO (Maybank Securities TP at ฿18.20/share).
Top 10 Most Impact Shares on January 27, 2020
