Kaohoon’s Top News on October 30, 2020
Top news from Kaohoon Turakij Newspaper to start the trading day on October 30, 2020.
Top news from Kaohoon Turakij Newspaper to start the trading day on October 30, 2020.
30 ต.ค. 2563

– The Bank of Thailand (BOT) controlled the penalty interest to no more than an additional 3% from the contract and to calculate based on the principal. The move aims to lower NPL ratio and provision. Analysts expected the measure to reflect positively on the banking sector, especially SCB, TMB and KTB due to their house loans.
– SCC reported a 3Q20 Profit of 9,741 million baht, an increase of 57% YoY, while revenue from sales registered 100,938 million baht, a decrease of 9% YoY. Earnings improvement is attributed to better chemicals business on the back of improving demand in China and Asia in general. Meanwhile, high value-added products &amp; services also buoyed its 9M20 profit to reach 26,096 million baht, increased 5%.
– SFT signaled for an outstanding 3Q20 performance, expecting the revenue to increase more than 10% due to the recovery of orders in 2H20 and a potential that the trend could continue in 2021. The company expected a feasibility study to invest and further expand its business in the future.
– Asia Plus Securities and Trinity Securities expected SET Index to rebase around 1,200 points with a limited downside, while revealing that now is the opportunity to accumulate big cap stocks such as SCC, DELTA, CPF, HMPRO, STGT and BAM. The index had a chance to rebound to 1,250 points, stated both security companies.
– PTTEP recorded a net profit of USD 230 million (equivalent to 7,202 million baht) or earnings per share of USD 0.06 (equivalent to 1.79 baht), decreased from a net profit of USD 358 million (equivalent to 11,019 million baht) or earnings per share of USD 0.09 (equivalent to 2.66 baht) in the third quarter of 2019.
Nevertheless, the net profit in 3Q20 rose 72% when compared to a net profit of USD 134 million (4,322 million baht) in 2Q20.
 