Thai Stock Market Roundup February 7, 2020

– SET closed at 1,535.24 points, decreased 0.55 points or 0.04% with a trading value of 60.5 billion baht. The analyst stated that the market fell slightly on Friday after China failed to release its January trade data, scheduled to be announced late morning today. Some news reporters said that the Chinese authorities aimed to release January trade data along with February trade data next month.

Investors were also waiting to see if companies in China would open on February 10 or not. If not and the death toll keeps rising, its economy could be hurt even more.

The analyst advised investors to wait and see the announcement of the financial statement that will be starting to be released next week while setting a support level at 1,500 points and a resistance level at 1,550-1,555 points.

– Local Institutions turned to net sell Thai shares for 694 million baht, together with 891 million baht selloff from Foreign Investors to plunge SET Index by 0.55 pts.

– ADVANC’s 2019 profit grew 5% near ฿32bn while offering ฿3.56 dividend payment.

– TPIPP recorded a 25% growth in 2019 profit due to higher sales revenue and gain from foreign exchange.

– TCAP booked ฿7.1bn from the sale of a 6% stake in “Ajinomoto”.

– “Too dependent on external demand,” said an economist as Thai baht fell amid virus fear.

– GULF revealed management plans amid water shortage, confident that the performance will meet the target.

– GUNKUL officially acquired two solar plants with 60MW total installed capacity in Vietnam worth 1.87 billion baht.

– JMT jumped 6.6% in the response of a rate cut and the entering of BTS as a major shareholder.

– The Constitutional Court ruled the ฿3.2tn of 2020 budget not to be annulled.

– Stocks in Focus on February 7, 2020: ADVANC (KGI Securities TP at ฿10.40/share) and ESSO (KGI Securities TP at ฿262.00/share).

 

Top 10 Most Impact Shares on February 7, 2020