Thai Stock Market Roundup February 12, 2020
A short summary to inform investors of what had happened in the Thai stock market on February 12, 2020.
A short summary to inform investors of what had happened in the Thai stock market on February 12, 2020.
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– SET closed at 1,539.84 points, increased 15.91 points or 1.04% with a trading value of 54.8 billion baht. The analyst stated that the Thai stock market continued its gain as investors shrugged off virus fear after new cases showed a slower sign. Investors’ attention now turned to the announcement of financial statements starting from this week. Meanwhile, the U.S. Federal Reserve also had a positive outlook on the U.S. economy as well, sending positive factors across equity markets.
The analyst suggested investing in energy, Telecom, banking and refinery-related sectors with a support level at 1,530 and a resistance level at 1,550.
– Local Institutions and Proprietary Trading combined a net buy of 2.4 billion baht, shrugged off coronavirus fear.
– SEC approved SCC’s ฿25bn debenture with an A+ (tha) rating from Fitch Ratings.
– Baht appreciation hit hard on KCE, plunged its 2019 profit by 53% to ฿934mn.
– EA invested ฿5mn to acquire 99% of Subyai, aimed to invest in wind power plants.
– AJA established 3 new subsidiaries to expand and diversify its business.
– FPT’s net profit plunged 58.4% due to a lower sale of industrial properties.
– SCC 2019 profit plunged 28% from a drop in chemical prices, still offering ฿7 dividend payment.
– IFA approved BBL’s acquisition on “Permata” to have reasonable transactions and prices.
– GUNKUL acquired a ฿377mn project from PEA to construct 2 substations.
– HANA in China was back to operation with the concern of the supply chain due to the outbreak.
– MCOT surged 4.23% after NBTC compensated ฿6.68bn for 2600MHz.
– Stocks in Focus on February 12, 2020: SISB (Finansia Syrus Securities TP at ฿12.00/share) and LH (KGI Securities TP at ฿11.50/share).
 
Top 10 Most Impact Shares on February 12, 2020
