Thai Stock Market Roundup on December 16, 2020

– SET Index closed at 1,482.09 points, increased 4.88 points or 0.33% with a trading value of 106 billion baht. The analyst stated that the Thai stock market moved in sideways trends and expected to be rebasing, while investors are switching from one sector to another.

The analyst recommended investors to focus on FOMC meeting, giving a support level at 1,470 points and a resistance level at 1,500 points.

– A fund inflows of 1.14 billion baht from investors buoyed SET Index by 5 points.

– MSCI to delete 10 Chinese securities from its global indexes under U.S. pressure.

– “Cathay Pacific” projected further loss in 2H20 as demand for travel remained low.

– KEX set an IPO at THB28, expecting a first trading day in SET on Dec. 24.

– BPP initiated a COD of 7MW Yabuki Solar Farm, while expecting to reach a target of 5,300MW total production capacity by 2025. Menahile, BANPU closed 11% higher.

– “Preeyanart Soontornwata” stepped up as BGRIM’s vice chairperson to promote efficient business direction.

– TPCH set an annual revenue target in 2021 of 2,000 million baht, preparing more commercialization to increase the total production capacity to 125 MW, while moving forward to invest in community power plants and waste power plants. The company aimed to issue debentures not exceeding 2-2.5 billion baht.

– WICE expected its 2020 revenue to reach a new high, which would be over 3,000 million baht.

– The analyst expected SCC’s earnings to fluctuate on oversupply, but still recommended “BUY” at a consensus of ฿404.44/share.

– Stocks in Focus on December 16, 2020: AEONTS (Maybank Kim Eng TP at ฿200.00/share) and WHART (DBS Vickers TP at ฿16.50/share).

 

Top 10 Most Impact Shares on December 16, 2020