Thai Stock Market Roundup on August 25, 2020

– SET Index closed at 1,315.99 points, decreased 1.12 points or 0.08% with a trading value of 56.3 billion baht. The analyst stated that the Thai stock market traded lower in the afternoon session, in line with the European markets that kicked off with a 1% gain and then dropped to an average of 0.5% gain. The market already responded to the positive sentiment over the U.S.-China talks and the treatment method on covid-19 patients using plasma.

Meanwhile, the cabinet meeting did not report any positive factors that could buoy the market and the domestic political issues continued to weigh on investors’ sentiment.

The analyst expected the market to move in sideways trends in tomorrow’s sessions with a support level at 1,310 points and a resistance level at 1,325-1,330 points.

– The profit-taking from Foreign Investors, Proprietary Trading and Local Individuals worth 1.3 billion baht plunged erased gains in the market and plunged SET Index by 1.12 points.

– “Delta” to furlough nearly 2,000 pilots as the 6-month outlook remained dim.

– PACE reported a ฿2.4Bn net loss in 2019 as revenue dropped by 75%. The company is at risk of delisting due to the negative equity and a disclaimer of opinion from the auditor.

– NWR acquired two projects of “Amata B.Grimm” worth ฿1,000 million.

– BDMS dissolved two subsidiaries “BDMS Inter – Cool and Joy”, affirming no impact to its operation.

– CWT acquired 100% stake in “Green Power 1” to penetrate the power business.

– GPSC became the power flagship of PTT Group as the analyst gave a “BUY” recommendation with a target price at ฿78.00/share.

– Stocks in Focus on August 25, 2020: DOHOME (Maybank Kim Eng TP at ฿15.10/share) and TVO (TISCO Securities TP at ฿31.00/share).

 

Top 10 Most Impact Shares on August 25, 2020