Thai Stock Market Roundup on December 2, 2020
A short summary to inform investors of what had happened in the Thai stock market on December 2, 2020.
– SET Index closed at 1,417.95 points, decreased 2.92 points or 0.21% with a trading value of 78.2 billion baht. The analyst stated that concerns over domestic transmission of coronavirus that could cause a resurgence weighed the market down, while the judgement of the Constitutional Court that dismissed the Thai PM allegation was in line with the market’s expectation.
The analyst advised investors to keep monitoring the report on possible domestic Covid-19 transmission and the resolution of OPEC+ on increasing production output this week.
In addition, the analyst expected SET Index to move in sideways trends, waiting for new drivers, giving a support level at 1,410 points and a resistance level at 1,430 points.
– Proprietary Trading plunged the Thai stock market by 3 points with its 909 million baht selloff.
– UK approved Pfizer’s Covid-19 vaccine for use by the upcoming weeks, while expecting the first batch of vaccine to arrive soon.
– Grab and Gojek stepped closer to become one entity, which would mark SEA’s biggest internet merger worth $24Bn.
– OR’s Boards approved the acquisition of 65% from “Peaberry Thai” to reinforce the coffee-cafe business.
– GGC commenced the COD of refined glycerine plant 2 with a capacity of 20,000 tons per annum.
– SEC approved Kerry Express’s IPO application with an IPO price range between 25.00 – 28.00 baht., expecting to debut its first trading day in late December.
– JSCCIB upgraded its 2020 economic outlook to contract 6%, expecting 2-4% expansion in 2021.
– SIRI invested ฿18Mn to take 30% stake in “Propfit”, while stating that the relationship between BTS is still solid.
– PTTEP revealed its five-year investment plan, expecting average petroleum selling volume. to reach 462KBOED in 2025.
– DTC debuted its first resort in Singapore; “Dusit Thani Laguna Singapore” with 2 accessible championship golf courses.
– Stocks in Focus on December 2, 2020: EKH (KGI Securities TP at ฿5.80/share) and KBANK (Maybank Kim Eng TP at ฿140.00/share).
Top 10 Most Impact Shares on December 2, 2020
