Thai Stock Market Roundup on August 19, 2020

– SET Index closed at 1,308.67 points, decreased 21.44 points or 1.61% with a trading value of 57.2 billion baht. The analyst stated that the Thai stock market started to decline sharply in the afternoon session on a report of a possible domestic coronavirus contraction on a man who showed symptoms after coming out of a 14-day quarantine.

Meanwhile, South Korea also reported nearly 300 new coronavirus cases, a new high since March.

Thailand’s Centre for COVID-19 Situation Administration (CCSA) also approved to give a 1-month extension to the emergency decree to contain a coronavirus outbreak.

The analyst advised to keep monitoring the FOMC meeting on August 19, 2020, to see the economic outlook and possibly stimulus measures.

The support level for tomorrow’s session is 1,300-1,306 points and the resistance level at 1,315-1,320 points.

– A 4,026 million baht selloff from Foreign Investors plunged SET Index by 21 points.

– The banking sector could resume the dividend payment after the stress test, analysts expected a high-yield of 4-5%.

– Analysts upgraded STGT’s target price to Bt125, following strong global demand for rubber gloves.

– SKY to see further growth as AOT approved a capital increase to AOTGA for ground operations.

– RATCH invested ฿4.9Bn in Vietnam’s coal-fired power plant “Thang Long”.

– BWG continued to fall, posting 14.06% down.

– GULF reported 2.44x oversubscription in debentures, exercising extra ฿2Bn of greenshoe for subscriptions.

– JMART expected a 2020 performance to hit a new high, contributed by JMT-SINGER’s growth.

– Stocks in Focus on August 19, 2020: SMT (Capital Nomura Securities TP at ฿3.00/share) and TU (Krungsri Securities TP at ฿17.60/share).

 

Top 10 Most Impact Shares on August 19, 2020