Thai Stock Market Roundup on July 20, 2020

– SET Index closed at 1,358.29 points, decreased 1.29 points or 0.09% with a trading value of 52.3 billion baht. The analyst stated that the Thai stock market had sideways trends, the same movement as the regional markets and the European markets due to a lack of positive factors to support the market.

More importantly, the decline of KBANK in the afternoon session pressured the market as investors switched to safe stocks such as EA or stocks that perform well in a bad economy such as BAM.

The analyst expected SET Index to move between 1,350-1,370 points.

– Local Institutions and Foreign Investors retreated with 1.1 billion baht, pressuring SET Index to close lower by 1.29 points.

– PTTEP and its partners inked the $15bn project finance for “Mozambique Area 1” to develop two-train LNG.

– THAI announced the resignation of “Nattapong Samit-Ampaipisarn” and appointed “Chai Eamsiri” for a rehabilitation plan.

– Analyst expected ESSO, TOP and SPRC to benefit from “RDS” 3-month shutdown in Taiwan.

– Vayupak booked an additional 200 million shares of TMB as analysts saw an outstanding performance in 2Q.

– TMB recorded over 61% increase in 2Q profit to ฿3bn as NII jumped 105%.

– KBANK’s 2Q profit plunged 78% to ฿2.1bn as ECL jumped 167% amid COVID-19 outbreak.

– KKP reported a decline of 19.5% in 2Q profit after booking lower non-NII and higher ECL.

– JMART’s 2Q Profit to Come in ฿140M, Supporting by Outstanding Operations from JMT–SINGER

– Stocks in Focus on July 20, 2020: PTG (Trinity Securities TP at ฿20.00/share) and TU (Krungsri Securities TP at ฿15.30/share).

 

Top 10 Most Impact Shares on July 20, 2020