Kaohoon’s Top News on December 1, 2020
Top news from Kaohoon Turakij Newspaper to start the trading day on December 1, 2020.
Top news from Kaohoon Turakij Newspaper to start the trading day on December 1, 2020.
1 ธ.ค. 2563

– The analyst expected the Thai stock market to have a short rebase, coupled with the weigh down from MSCI, the Constitutional Courts judgement on the Thai PM and concerns of the second wave of the coronavirus outbreak.
The analyst stated that if the index does not break the support level at 1,400 points, there would be a technical rebound, together with stocks related to rubber gloves such as STGT and STA.
In addition, the analyst recommended investing in stocks that benefit from the government’s measures such as OSP, TKN, SAPPE and TVO.
– SCC received the “Popular Stock” award in real estate and construction sectors for the second consecutive year as the company expected selling volume to return next year, supported by higher demand in petrochemical and cement products. The petrochemical complex in Vietnam is expected to complete in 2023 after the current 57% completion. Meanwhile, ADVANC was awarded with the “Popular Stock” in the technology sector for its fourth year in a row. The company estimated a revenue in 2021 to outperform this year due to over 100 of 5G supported mobile devices ready for sales next year with lower selling price.
– GUNKUL Board green light to invest Bt1.25bn to buy 100% of DST shares, expand the base of Vietnam solar farm 50 MW, starting COD on 15 Dec, expecting to support EBITDA more Bt120mn per year, as well as, the firm in the process to negotiation to buy another 1 project which expected to close the deal within December.
– KGI Securities stated that Local Institutions are aiming at four non-bank stocks, namely MTC, KTC, AEONTs and SINGER in response to their strong revenue in 4Q20 and would extend into 2021 due to potential growth in loan business, coupled with lower financial costs and provisions.
– JR closed its first trading day at ฿7.30/share, surged 32.73%. The gain reflected JR’s strong business fundamentals, while the company is expecting to use the funding from IPO as a working capital for future projects. The company currently has a backlog worth 6.2 billion baht.