Kaohoon’s Top News on December 2, 2020
Top news from Kaohoon Turakij Newspaper to start the trading day on December 2, 2020.
Top news from Kaohoon Turakij Newspaper to start the trading day on December 2, 2020.
2 ธ.ค. 2563

– The Thai stock market rebounded yesterday in response to early-than-expected Covid-19 vaccine development. The return of fund inflow from foreign investors buoyed the market in yesterday’s session, but still in a limited upside with a support level at 1,410 points and a resistance level at 1,430 points. The analyst did not put much weight on the Thai PM allegation, but advised investors to monitor OPEC+ meeting on increasing output.
– UAC expected a growing revenue next year as trading and biodiesel businesses are on the rise. As for this year, the company expected to maintain its EBITDA at 15% even when facing a decline in revenue by 1.2-1.3 billion baht. Meanwhile, UAC will participate in a bidding for at least five community power plants.
SICT reported a backlog worth 190 million baht, resulting in a revenue to meet projection in 2020. The company expected its revenue to double within four years.
– PTT was awarded “Most Popular Stock” and “Popular Stock in Resource Sector” awards as the CEO expected an outstanding growth next year along with economic recovery.
– SIRI disposed two joint venture companies with U for 1,188.19 million baht, while investing in other joint venture companies at a value of 1,547.19 million baht. Mr. Uthai Uthaisangsuk, Director of SIRI, revealed that the transaction was to increase its ability for further project development, emphasizing that the relationship with U is still intact.
– EPG revealed that the revenue this year would be better than expected as its sales was expected to plunge only 10-11% from an earlier forecast at 12% as the company received more orders from Aeroklas, Aeroflex and EPP. Meanwhile, the company has strong financial status with cash flow more than 1 billion baht.