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

– SET closed at 1,524.59 points, increased 11.33 points or 0.75% with a trading value of 64.2 billion baht. The analyst stated that SET Index edged higher in the same direction of Nikkei, European stocks and Dow Jones Futures despite a plummet in Hang Seng.
The analyst believed that investors are weighing on the impact of coronavirus, causing a swing in today’s session. Meanwhile, the buying pressure from AOT and GULF, along with the announcement of better-than-expected revenue from SCC buoyed the market even though stocks in the construction sector faced a selloff due to the report of the Constitutional Court accepting the petition for the ruling on the budget bill.
In addition, the analyst set a support level at 1,500 points and a resistance level at 1,550 points.
– Local Institutions and Individuals joined hands to buoy SET Index by 11 points with a net buy of 3.5 billion baht.
– NBC acquired 49% of “Around the World” for higher profit sharing and diversification.
– OSP acquired 100% of Calpis’ stake with the transaction value of ฿270 million.
– COM7, SPVI and SYNEX rejoiced as Apple reported an outstanding performance in the quarter.
– SCC reported a drop of 28% in 2019 profit to ฿32bn, hurt from the chemical business.
– ORI made a four-year plan to initiate 11 commercial projects worth 20 billion baht.
– Analysts said that the markets were underestimating the impact of coronavirus, indicating that the shutdown in China would hurt the global economy far worse than SARS in 2003.
– The Constitutional Court accepts a petition for the ruling on the budget bill.
– HANA closed its factory in China until 9 Feb. to avoid contagion from coronavirus, expecting to miss 0.3% of its production capacity.
– Stocks in Focus on January 29, 2020: OSP (Maybank Kim Eng TP at ฿50.00/share) and TOA (KTB Securities TP at ฿41.00/share).
 
Top 10 Most Impact Shares on January 29, 2020
