Thai Stock Market Roundup January 15, 2020

– SET closed at 1,581.05 points, decreased 5.85 points or 0.37% with a trading value of 65.4 billion baht. The analyst stated that SET Index slipped nearly 6 points following the plummet in regional markets from concerns over the conditions in the “Phase One” trade deal, especially the report that US might not lower any more tariffs until after the election in November.

The analyst expected a sideways session tomorrow with a support level at 1,572 points and a resistance level at 1,592 points.

– Foreign Investors and Local Institutions sank SET Index nearly 6 points after pouring 3.95 billion baht worth of Thai shares to seek safe assets ahead of the signing ceremony between the U.S. and China on Wednesday.

– NOK’s shareholders approved the company for a capital increase of 888 million shares, proposing to RO at ฿2.50/share.

– KBANK admitted eyeing Myanmar’s bank, asserted that the negotiation and feasibility study for the investment is in the process.

– BAM jumped 5.7% despite a plummet in the market while the analyst saw plenty of room to grow.

– SCB signed an MOU with Myanmar bank’s Ayeyarwady for cross border transfer.

– LH aimed to reach 28 billion baht of revenue in 2020, expecting to commence 16 projects worth 26.4 billion baht.

– PTTEP completed notes repurchase and issued new notes with an interest rate at 2.993%.

– FPT issued five series of debentures, totaled 5 billion baht with coupon rates at 2.0-3.20%.

– BIG hit the ceiling, an analyst suspect speculative-buy.

– The sale of Tesco faced Thai Anti-Competition rules which posted risks to the contenders.

– Stocks in Focus on January 15, 2020: PLANB (KTB Securities at ฿11.00/share) and KBANK (KGI Securities TP at ฿194.00/share).

 

Top 10 Most Impact Shares on January 15, 2020