Thai Stock Market Roundup on December 14, 2020
A short summary to inform investors of what had happened in the Thai stock market on December 14, 2020.
– SET Index closed at 1,476.13 points, decreased 6.54 points or 0.44% with a trading value of 107 billion baht. The analyst stated that the Thai stock market closed lower due to the selling pressure for profit-taking in big-cap stocks, especially in the energy sector and the banking actor.
The analyst estimated that the market could rebase with a support level at 1,470-1,450-1,440 points and a resistance level at 1,490-1,500 points.
– Local Institutions and Foreign Investors combined a 6.4 billion baht selloff to plunge SET Index by 6.54 points.
– GUNKUL invested ฿1.47Bn to acquire a 50MW solar plant in Vietnam.
– The analyst expected PTT’s profit of ฿77Bn in 2021 as refineries recovered, giving “BUY” at ฿48.00/share.
– SAWAD expected to list “SCAP” in SET by 2023 after investing ฿192Mn to acquire 65% stake.
– AAV and BA jumped joyfully on vaccine optimism for early-than-expected economic recovery.
– An overwhelming pre-order for STGT extended to 2023, paving for a new high in 4Q20 and 2021.
– Stocks in Focus on December 14, 2020: SINGER (Maybank Kim Eng TP at ฿21.00/share) and RCL (Kasikorn Securities TP at ฿15.00/share).
Top 10 Most Impact Shares on December 14, 2020
