Thai Stock Market Roundup on July 29, 2020
A short summary to inform investors of what had happened in the Thai stock market on July 29, 2020.
A short summary to inform investors of what had happened in the Thai stock market on July 29, 2020.
30 ก.ค. 2563

– SET Index closed at 1,338.35 points, decreased 2.57 points or 0.19% with a trading value of 56.1 billion baht. The analyst stated that the Thai stock market edged lower as investors awaited the decision of the Fed on interest rates later today, while there were no positive factors to drive the market.
The analyst suggested to keep monitoring the announcement of 2Q20 earnings as the market specifically invested on certain sectors such as the electronics and beverages in today’s session after CBG and DELTA pick up their gains.
In addition, the analyst expected a support level at 1,330 points and a resistance level at 1,350 points.
– Local Institutions poured 2.6 billion baht to plunge SET Index by 2.57 points.
– Thai tourist arrivals shrank 66% for the first six months as borders close amid pandemic.
– “NUE NOBLE NGAMWONGWAN” successfully gained over ฿900M from domestic-online sales.
– AMATA joined hands with “Sinotech Engineering” to develop the Amata Taipei Smart City Project.
– HMPRO reported a 38% decline in 2Q, affirming strong liquidity amid the coronavirus crisis.
– SCCC’s 2Q profit jumped 60% on the success of cost reduction plans.
– SICT reported a 5-fold increase in 1Q profit at ฿15M from soaring sales revenue.
– GPSC to pursue an LNG shipper license, aiming to exceed 8,000MW capacity within 10 years.
– EA signed an MOU for a feasibility study on the development of 2 hydropower projects in Lao PDR.
– Chamber of Commerce predicted Thai exports to contract 9.6% in 2020, worst in a decade.
– CWT advanced on a community waste management and disposal project worth ฿300M.
– Stocks in Focus on July 29, 2020: DELTA (KGI Securities TP at ฿104.00/share) and STA (Asia Wealth Securities TP at ฿35.00/share).
 
Top 10 Most Impact Shares on July 29, 2020
