Thai Stock Market Roundup on December 24, 2020
A short summary to inform investors of what had happened in the Thai stock market on December 24, 2020.
– SET Index closed at 1,451.52 points, increased 35.50 points or 2.51% with a trading value of 103 billion baht. The analyst stated that the Thai stock market closed higher after concerns of a nationwide lockdown eased in the afternoon as CCSA stated that it will focus on certain areas with high severity.
The analyst expected a limited upside potential in tomorrow’s session, giving a support level at 1,445 points and a resistance level at 1,465-1,470 points.
– Institutions made a 1.6 billion baht buyback, coupled with a 959 million baht of net buy from Proprietary Trading to buoy SET Index.
– U.S. vaccinated 1 million people, still 19 million shy from the projection of 20 million by the end of 2020.
– SET moved CAHYO to trade in SET Index, effective December 25, 2020.
– GULF acquired 40% of “PTT NGD” to jointly operate natural gas distribution with PTT.
– AU’s major shareholders sold 8% stake to BTS in a big lot transaction, expecting a future business synergy for both companies.
– KEX closed its first trading day with a gain of ฿23.25/share or 83.04%, expressing confidence on attracting immense interest from investors after the listing.
– VGI dropped 7.7% on KEX’s first trading day as the analyst viewed as a “sell on fact”.
– GUNKUL saw an outstanding performance in 4Q, expecting a spike in 2021 revenue of ฿9bn.
– SA reported a 20-fold increase in 3Q profit to ฿191mn after booking ฿1.2Bn from sales.
– CCSA affirmed no full-scale lockdown amid a resurgence of Covid-19 in Thailand.
– DTAC officially acquired 700 MHz license after making the first installment to NBTC.
– KTBST expected CPF to benefit from Covid-19 outbreak at the seafood market, recommended. “BUY” at a target price of ฿39.00/share.
– The unstoppable DELTA hit an all-time high at ฿536 as buying pressure kept coming in.
– GPSC laid a foundation stone of the 192MW SPP replacement project, expecting a COD in 2022.
– NER offered a dividend payment at ฿0.06 with an ex-dividend date on 7 Jan. 2021.
– “Chansin Treenuchagron” resigned from IRPC’s Chairman of the Board, effective Jan. 1, 2021.
– Stocks in Focus on December 24, 2020: GGC (KGI Securities TP at ฿10.40/share) and KBANK (Maybank Kim Eng TP at ฿140.00/share).
Top 10 Most Impact Shares on December 24, 2020
