Thai Stock Market Roundup April 27, 2020

– SET Index closed  at 1,267.41 points, increased 8.63 points or 0.69% with a trading value of 49.5 billion baht. The analyst stated that the Thai stock market swung sideways up in the same direction of global stock markets. The surge in regional markets came both before and after the approval of BOJ’s QE, which later reflected positive sentiment to other stock markets.

Moreover, the market still hopes for easing the partial lockdown, which would require an approval from the Thai Cabinet in the meeting tomorrow.

The analyst recommended monitoring the ECB and Fed’s meeting this week, and also the earnings announcement from HMPRO, PTTEP, SCC and DELTA this week as well.

Tomorrow’s session is expected to swing sideways with a support level at 1,240 point and a resistance level at 1,280 points.

– Local Individuals made a solo-buy session with a total trading value of 4.1 billion baht.

– Goldman Sachs expected global oil glut within 3 weeks, suggesting a 20% cut in global output.

– CWT issued a debenture not exceeding 300 million baht for major investors and institutions.

– NUSA announced a capital increase, amounting 2 billion shares for two private placements to hold 20.74% stake in the company. The funds will be used for business expansion and company’s liquidity.

– CPF aimed to issue four series of debentures with an interest rate at 4% and A+ rating.

– JMART expected a revenue growth of 10%, believing the “KB Kookmin” deal to lower the cost and support its loan business.

– Stocks in Focus on April 27, 2020: CHG (KGI Securities TP at ฿3.10/share) and JKN (KTB Securities TP at ฿5.00/share).

 

Top 10 Most Impact Shares on April 27, 2020