Thai Stock Market Roundup on August 10, 2020
A short summary to inform investors of what had happened in the Thai stock market on August 10, 2020.
– SET Index closed at 1,322.01 points, decreased 2.39 points or 0.18% with a trading value of 37.4 billion baht. The analyst stated that the Thai stock market swung sideways narrowly in both positive and negative territories as investors were speculating on the 2Q20 earnings, focusing on mid-cap stocks. Meanwhile, stocks in banking and energy sectors saw slight movement and also lower trading value.
The analyst gave a support level for tomorrow’s session at 1,315 points and a resistance level at 1,340 points.
– Local Institutions and Proprietary Trading combined a ฿1.4Bn selloff for profit-taking to plunge SET Index by 2.4pts.
– Global coronavirus cases reached 20 million, while the U.S. surpassed 5 million cases.
– Saudi Aramco’s 2Q earnings plunged 73% as the Covid-19 outbreak lowered oil demand.
– SPCG’s 2Q profit increased 2% to 663.30 million baht offering a dividend at ฿0.55/share.
– WIIK’s 2Q profit jumped nearly 40 folds to 28 million baht while holding a backlog of over 1,060 million baht.
– CBG Jumps 6.7% to ฿134.50 after Announcing a 60% Increase in 2Q Earnings.
– EP spent 519 million baht to acquire two wind farms in Vietnam with a total capacity of 100MW.
– TOP booked ฿2.4Bn of profit in 2Q as FX gains buoyed earnings by 3 folds.
– Stocks in Focus on August 10, 2020: CPF (Maybank Kim Eng TP at ฿39.20/share) and CHAYO (KTB Securities TP at ฿10.00/share).
Top 10 Most Impact Shares on August 10, 2020
