Thai Stock Market Roundup on November 25, 2020
A short summary to inform investors of what had happened in the Thai stock market on November 25, 2020.
A short summary to inform investors of what had happened in the Thai stock market on November 25, 2020.
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– SET Index closed at 1,415.72 points, increased 14.09 points or 1.01% with a trading value of 117 billion baht. The analyst stated that the Thai stock market rebounded from yesterday’s plummet as foreign funds kept flowing in to boost the market.
The analyst noted that the market in the afternoon session was a little wild at the opening as investors monitored the development of the pro-democratic protesters. The stock market edged higher after the situation remained calm, buoyed by the energy sector after oil prices gained over 4% over the night.
As for tomorrow’s session, the analyst stated that the market could slow down after a quick gain in recent days, giving a support level at 1,400 points and a resistance level at 1,420 points.
– Foreign Investors buoyed the market with a 3.7 billion baht of net buy.
– SIRI entered a joint venture to form “Juzmatch” as a platform developer for real estate business.
– MCOT’s Board of Directors approved a long-term loan of ฿695Mn from KBANK for undertaking the 2020 employee separation plan. Meanwhile, other directors kept resigning, totaling 7 since the MCOT-Playwork incident.
– IVL acquired a new $300Mn blue loan to fund for the recycling PET business.
– SAMTEL signed a ฿258Mn contract with GSB for supplying computer equipment rental.
– ILINK expected outstanding growth in 2021 after booking over 4.27 billion baht of backlog, while aiming to sign four more contracts.
– Tisco Securities expected AOT’s passengers in 2022 to drop from 32 million to 24 million due to lower-than-expected travel, slow process of travel bubble and limited flights and the situation would return to normal by 2023.
– Stocks in Focus on November 25, 2020: PTTEP (Krungsri Securities TP at ฿114.00/share) and NOBLE (DBS Vickers Securities TP at ฿24.00/share).
Top 10 Most Impact Shares on November 25, 2020
