Thai Stock Market Roundup July 25, 2019
A short summary to inform you of what had happened in Thai stock market on July 25, 2019
– SET closed at 1,730.90 points, increased 5.46 points or 0.32% with a trading value of THB 58.95 billion. The SET Index closed higher in the same direction as the regional market due to a good response from the government’s new policy to support the fund flow. As a result, foreign investors saw a fewer risk to invest Thai shares. Moreover, most investors are looking forward to hearing a signal of the interest rate cut from the ECB meeting today.
–Institutions, Proprietary Trading, and Foreigner Investors net bought THB2,227.51 million while Individuals stood alone to sell for profit-taking.
– Stocks in Focus on 25 July 2019: VNT and AMATA
– The analyst recommended “BUY” VNT share with the target price of ฿29.00/share. VNT should post the strongest 2Q19 earnings growth in the petrochemical sector driven by wider PVC spreads on the back of falling ethylene cost. Moreover, the price of caustic soda price has continued to improve after India resumed imports and the Brazilian aluminum producer placed new orders.
– The analyst recommended “BUY” AMATA share with the consensus target price of ฿26.50/share. Moreover, the analyst stated that AMATA will benefit from a clear political situation. The government should announce the Action Plan on 25-26 July, in which the EEC would be a priority project. Additionally, the unresolved trade war will attract manufacturers to move production bases to Thailand.
– PTT established “PTTOR International Holdings (Singapore)” to support international investments.
– “Phuwadon” planned to revive IFEC, aiming to develop energy and public utility business.
– HANA closed the day at ฿30.00/share, increased ฿1.25 or 4.35%. During the session, the highest of the share price was ฿30.75/share while the lowest was ฿29/share with a trading value of ฿230 million. The analyst recommended “HOLD” HANA share for 7% yield.
– KTC closed the day at ฿45.50/share, increased ฿3.50 or 8.33%. During the session, the highest of KTC’s share price was ฿46.00/share and the lowest was ฿42.25/share with a trading value of ฿1,560 million. Today, KTC has hit an all-time high at ฿46.00 since entering the market in 2002. The analyst recommended “BUY” with the target price of at ฿49/share.
Top 10 Most Impact Shares on July 25, 2019
