Thai Stock Market Roundup on July 9, 2020

– SET Index closed at 1,365.81 points, increased 3.35 points or 0.25% with a trading value of 72.7 billion baht. The analyst stated that the Thai stock market was fluctuating without positive factors to drive the market. Even with the lockdown easing and economic reopening, international flights still could not perform their operations, leading to lower oil prices over concerns on weak demand.
Nevertheless, stocks with potential growth such as CBG and COM7 still performed well.
The analyst expected a support level for tommorrow’s session at 1,360 points and a resistance level at 1,380 points.
– Foreign Investors, Prop Trade and Individuals combined a total of 1.7 billion baht of net buy to buoy SET by 3 points.
– Covid-19 cases worldwide reached 12 million while Australia reimposed lockdown.
– Analyst expected a rebound in SPRC’s revenue in 2Q20, giving a target price at ฿10.00/share.
– VL signed a 5-year contract with BCP to operate oil tanker, expecting 160 million baht of revenue per year.
– Analysts saw a bright future for STGT from robust rubber gloves demand, giving a target price as high as THB91.
– Fitch assigned A-(tha) on IRPC’s ฿28Bn medium-term debenture program.
– ACG formed “Autoclick by ACG” to provide vehicle repair and maintenance services.

 

Top 10 Most Impact Shares on July 9, 2020