Thai Stock Market Roundup May 13, 2020

– SET Index closed at 1,294.55 points, decreased 5.14 points or 0.40% with a trading value of 62.2 billion baht. The analyst stated that the Thai stock market came to a halt due to concerns over the second wave of the coronavirus outbreak, which already occured in China, South Korea and Germany. Further stimulus would be needed if the outbreak occurs again, and it would plummet the economy even more.

The analyst expected the market to continue being fluctuated in tomorrow’s session, giving a support level at 1,280-1,260 points and a resistance level at1,303-1,307 points.

– Foreign Investors plummeted the Thai stock market with a selloff worth 4,028 million baht.

– MSCI added AWC, BAM and KTC into Global Standard and removed BANPU to Small Cap.

– Boeing’s CEO expected a 3-year recovery for the U.S. airlines businesses to return to the normal level.

– EA established two subsidiaries for asset investment and EV service/productions.

– BGRIM posted 54% core profit growth in Q1 amid hostile environment.

– MITSIB posted a lower profit in 1Q20, decreased 24% due to a higher distribution costs.

– OSP reported a 4% increase in 1Q profit after booking higher revenue from sales.

– KCE’s 1Q profit jumped 58% after recording higher gain from baht depreciation.

– AAV reported a net loss of ฿671mn in 1Q from a lower incomes.

– FX loss and TFRS9 adjustment pressured EGCO to submit a net loss of ฿413M in 1Q.

– ESSO reported a plummet in sales revenue, led to a net loss in 1Q by ฿7.9Bn.

– WIIK’s 1Q profit skyrocketed by 200 folds from an increase of pipe sales.

– ATP30’s 1Q profit plunged 55% as a result of service revenue contraction.

– UNIQ reported a profit of ฿156mn in 1Q20, decreased by 13%.

– Covid-19 triggered WORK’s 1Q20 profit to fall by 38%.

– TEAMG’s 1Q20 profit declined by 3.4% to ฿24.62mn.

– FPT’s 2Q profit jumped over 100 folds from GOLD’s performance and lower expenses.

– HANA’s 1Q20 profit fell by 33% due to a loss incurred on the hedging positions.

– Stocks in Focus on May 13, 2020: GFPT (KGI Securities TP at ฿14.00/share) and OSP (KTB Securities TP at ฿50.00/share).

 

Top 10 Most Impact Shares on May 13, 2020