Thai Stock Market Roundup February 20, 2020

– SET closed at 1,491.24 points, decreased 14.30 points or 0.95% with a trading value of 75.5 billion baht. The analyst stated that the plummet in today’s session was due to concerns over the slowdown in the Thai economy after the majority of security companies revised down their GDP forecast in 2020 to 1.2-1.5%.

Moreover, Finance Minister, Uttama Saowanayon, also stated that the Thai economy would have a slow recovery which should occur around June to July if the coronavirus outbreak started to ease. Meanwhile, Chinese tourists were expected to not return within the second quarter of 2020, which could make the recovery even slower since Thai relied on tourism and exports.

The analyst set a support level at 1,480 points and a resistance level at 1,500 points.

– Local Institutions poured 2.7 billion baht of Thai shares along with another 2.4 billion baht selloff from Foreign Investors, dragging SET Index by 14pts.

– SCB offered ฿4.00/share dividend payment, ex-dividend April 9.

– Two Japanese from “Diamond Princess” died from coronavirus.

– GUNKUL acquired 3 additional projects of substation construction from PEA worth ฿482mn.

– MSCI to add CRC into MSCI Global Standard Index on February 21, 2020.

– VGI expected the revenue in 2019/2020 to grow 20% while setting aside 600 million baht for business expansion.

– GLAND’s profit increased by 190% to 1.25 billion baht.

– BIG’s profit plunged 62.19%, following the economic slowdown.

– AJ’s net profit in 2019 jumped 12 folds after recording lower expenses and higher foreign exchange.

– AMATAV’s net profit collapsed 99.11% to ฿1.56mn, offered a dividend at ฿0.05/share.

– TEAMG booked a profit of ฿115mn, offered a dividend at ฿0.06/share.

– Bualuang disposed of 0.35% of KCE to hold less than 5%.

– Stocks in Focus on February 20, 2020: BCPG (KGI Securities TP at ฿21.00/share) and MEGA (Kasikorn Securities TP at ฿41.50/share).

 

Top 10 Most Impact Shares on February 20, 2020