Thai Stock Market Roundup on May 15, 2020
A short summary to inform investors of what had happened in the Thai stock market on May 15, 2020.
– SET Index closed at 1,280.76 points, increased 0.36 points or 0.03% with a trading value of 50.6 billion baht. The analyst stated that the movement in today’s session was a selective buy in mid-cap stocks, while the announcement of the lockdown easing phase two did not have much impact on the sentiment as the market had already priced-in this positive factor for the past few days after the new coronavirus cases were stabilized.
However, concerns still looming in the market for the second wave of the virus outbreak, though the overall figure started to slowdown.
The analyst advised to keep an eye for further stimulus packages for business sectors as the government only remedied people who were affected by the outbreak.
The analyst expected the “Selective Buy” to continue into next week’s sessions, giving a support level at 1,266-1,258 and a resistance level at 1,300-1,315.
– A net buy of 3.4 billion baht, buoyed SET to close slightly higher on Friday amid concerns over the second wave of the coronavirus outbreak.
– Reuters poll indicated a contraction of 4% in Thai’s 1Q GDP to post the lowest level in 8 years.
– NH Hotel reported a heavy net loss of €57M, pressuring MINT’s 1Q20 earnings to contract.
– ECF’s 1Q profit edged slightly higher to 17 million baht.
– Higher revenue brought EA’s 1Q profit to ฿1.4Bn, while its EVs progression is still in good pace.
– ANAN’s revenue reached 1,857 million baht due to its better cost management.
– BAM recorded lower 1Q20 profit by 78% due to a one-time significant cash collect in 1Q19.
– COM7 announced a 15% expansion in profit to book 287 million baht.
– ORI’s 1Q profit was 595 million baht, paying a dividend of ฿0.29/share.
– Shop closures from COVID-19 caused BEAUTY to book a net loss in 1Q20.
– SHR turned to book a profit of 235 million baht in 1Q20 from higher revenue.
– DOD’s 1Q20 profit dropped 13% due to higher selling expenses.
– Immigrant and SSO workers reinforced IMH lessening a net loss in Q1 down by 41%.
– VIBHA reported a net profit of ฿151mn in 1Q20, rose by 38%.
– Stocks in Focus on May 15, 2020: PTTGC (Krungsri Securities TP at ฿50.00/share) and MEGA (KGI Securities TP at ฿36.00/share).
Top 10 Most Impact Shares on May 15, 2020
