Thai Stock Market Roundup February 24, 2020

– SET closed at 1,435.56 points, declined 59.53 points or 3.98% with a trading value of 76.4 billion baht. The analyst stated that global stock markets fell in today’s session mainly due to concerns over the spread of coronavirus outside mainland China, especially a rising number in South Korea and Italy.

The analyst said that the plummet was the lowest in three years and expected to fall continuously in tomorrow’s session, setting a support level at 1,430-1,440 points and a resistance level at 1,460-1,475 points.

– Local Institutions sent SET Index down nearly 60 points with a 4.2 billion baht selloff along with a combined net sell of 2.5 billion baht from Proprietary Trading and Foreign Investors.

– Dr. Pakorn Peetathawatchai, the President the Stock Exchange of Thailand (SET),

– Thai exports in January grew 3.35%, the first time in 6 months while imports contract 7.86%.

– Revenue from “Hanuman Projects” buoyed EA’s 2019 net profit to increase 18% to 6 billion baht.

– Malaysian PM “Mahathir” resigned amid rumors of forming a new coalition without “Anwar”.

– INSET reported a profit of ฿120mn, offering a dividend at ฿0.15/share.

– MBK reported a decline of 3% in net profit in 2019 to record 2.79 billion baht.

– IMH’s profit dropped by 25.36% to ฿10.5mn due to lower clients and higher costs.

– NER to offer a dividend at ฿0.14 as the 2019 net profit surged 10.78% to ฿539mn.

– SEAOIL turned around to profit of ฿61mn, approved a dividend at ฿0.11/share.

– AMA’s 2019 profit skyrocketed 102% to ฿181mn, presented a dividend at ฿0.20/share.

– RBF’s 2019 profit hiked 9% to ฿350m, offered a dividend at ฿0.15/share.

– STC’s profit jumped 67% to ฿25mn, Offering a Dividend at ฿0.10/share.

– Stocks in Focus on February 24, 2020: ASK (KGI Securities TP at 30.00/share) and SABINA (Maybank Kim Eng TP at ฿32.00/share).

 

Top 10 Most Impact Shares on February 24, 2020