Kaohoon’s Top News on September 29, 2020
Top news from Kaohoon Turakij Newspaper to start the trading day on September 29, 2020.
Top news from Kaohoon Turakij Newspaper to start the trading day on September 29, 2020.
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– DIF dropped 4.17% yesterday in anticipation of another 6% selloff from TRUE as the company once stated that it would only hold 20% of DIF from the current position of 26.08%. The analyst affirmed the possibility of the disposition, causing the short-term price to fluctuate, but the disposition would not affect DIF’s fundamentals, while the fund still returned a high dividend yield at 6.6%. The analyst estimated DIF’s target price at ฿16.23/share.
– “Watchara Kaewsawang,” Thailand’s high net-worth investor, stated in the Battle Strategy Episode II conference that the index at 1,200 points would be the opportunity to accumulate stocks, asserting that the index would not break the 1,150 resistance level, while eyeing power-generation and food-related stocks.
– AOT stated that its first Midfield Satellite (SAT-1) at Suvarnabhumi Airport has been progressed 95.23% and will be ready for operation in April 2022 after the testing of all systems. Meanwhile, the coronavirus outbreak had caused AOT’s 11-month revenue in FY20 to drop 50% to 30.1 million passengers and the flight operations also dropped by 42.18%.
– “Finansa” announced a tender offer for all MK’s shares, amounting 81.2% of total issued ordinary shares or 2,766.99 million baht. “Prateep Tangmatitham” denied the questions when asked whether he had sold his portion of 16.24% or not.