Thai Stock Market Roundup January 30, 2020

– SET closed at 1,523.99 points, slipped 0.60 points or 0.04% with a trading value of 53.7 billion baht. The analyst stated that investors continued to wait and see the development of coronavirus as death toll continued to rise, claiming 170 lives this morning, but the death limited only in China.

Meanwhile, a sudden depreciation in Thai baht had shown worries over the impact of coronavirus that could diminish revenue from tourism around 40 billion baht per month.

The support level for tomorrow’s session has been set at 1,500 points and the resistance level at 1,530 points.

– Individuals made a 9-day buying streak, putting another 1.2 billion baht amid a slight decline in SET Index today.

– Coronavirus death toll hit 170 with nearly 8,000 diagnosed cases worldwide.

– Fed maintained rates on strong job markets and said that it was “too early” to weigh impact from coronavirus.

– OCEAN’s 3rd major shareholders “Fahpratharn” sold an 8.78% stake in OCEAN, left with 0.25% on hand.

– The U.S. would keep tariffs despite the possibility of China’s economy being hurt from coronavirus.

– SAMTEL issued a debenture not exceeding 400 million baht with a 2.85% interest rate to fund for its loan repayment.

– WHO to reconvene the Emergency Committee on the novel coronavirus.

– PTTEP’s 2019 profit hit ฿48.8bn from higher sales volume, offering a dividend at ฿3.75/share.

– Keep eyes on KBANK after announcing stock buybacks higher than market price along with a dividend payment at ฿4.50/share.

– MONO plunges 10% to an all-time low after facing a consecutive loss.

– TU jumped 5% as baht depreciated, showing a positive sign for export in 2020.

– CK prepared 3 billion baht for its share repurchase program.

– Stocks in Focus on January 30, 2020: COM7 (KGI Securities TP at ฿31.50/share) and SAWAD (Maybank Kim Eng Securities TP at ฿70.00/share).

 

Top 10 Most Impact Shares on January 30, 2020