Thai Stock Market Roundup on June 18, 2020

– SET Index closed at 1,372.98 points, decreased 3.20 points or 0.23% with a trading value of 70.2 billion baht. The analyst stated that the Thai stock market edged lower in today’s session due as concerns still lingered over the second wave of the virus outbreak would occur, causing a fluctuation in the market.

Meanwhile, some markets would weigh on the news of Beijing being able to control the outbreak, but investors would wait and see the report from tomorrow of new cases in China, expecting to decline consequently if Beijing truly contained the virus.

The U.S. jobless claims for the week ending June 13 was expected to be 1.30 million, a decline from 1.54 million from its previous week.

The analyst suggested investors to monitor the outbreak in Beijing as well as China. Moreover, the report of new measures from the BOT would stimulate demand, but Thai banks would book less revenue.

In addition, the analyst expected SET Index to swing sideways within the 1,360-1,380 range.

– Foreign Investors hammered SET Index with a 4.4 billion baht of net sell, coupled with 542 million baht selloff from the Institutions.

– Trump signed the bill to sanction China over the mistreatment of Uighur under Chinese officials surveillance.

– Qantas axed international flights until October as the border remained close.

– Japan to allow Thai travellers proof of negative COVID-19 test.

– Government’s deputy spokesman revealed that the Bank of Thailand would introduce new measures to support debtors by lower credit card and loan interest, starting 1 July.

– WICE expected its business to grow amid the coronavirus outbreak, targeting 2.7 billion baht of revenue in 2020.

– TRUE sliced a portion of DIF, booking ฿4.4Bn to enhance liquidity as the current ratio dropped and D/E rose to 6x.

– Thai auto exports in May contracted 68.64%.

– PTTEP topped up its natural gas business to 80%, expecting Myanmar to give a green light “Gas to Power”.

– KUN expected a sales recovery in 2H, supporting its revenue to reach the target at 1.3 billion baht.

– Thai Industries Sentiment made the first climbs in four months after the government lifted the curfew and eased lockdown.

– Stocks in Focus on June 18, 2020: CPF (Krungsri Securities TP at ฿36.25/share) and CRC (Country Group Securities TP at ฿45.00/share).

 

Top 10 Most Impact Shares on June 18, 2020