Thai Stock Market Roundup January 22, 2020

– SET closed at 1,574.59 points, decreased 0.35 points or 0.02% with a trading value of 72.9 billion baht. The analyst stated that the plummet was due to concerns over the government budget in 2020 that could be delayed, which would pressure stocks in construction sectors.

The drought also caused a plummet in the energy sector, especially those with petrochemical plants in the Eastern region which required water for the operation.

The analyst set a support level for tomorrow’s trading session at 1,566 points and a resistance level at 1,583 points.

– Local Institutions continued the selloff to plunge SET Index by another 0.35 points.

– BFIT’s 2019 profit jumped one fold to record at 783 million baht.

– CIMBT showed a skyrocket profit to increase 216-fold, booking ฿1.5bn in 2019.

– DTC invested ฿117 million to further the catering business in Vietnam.

– MACO invested 457 million baht to expand its business to Vietnam.

– Thai Exports in 2019 Fall 2.65%, Imports Contract 4.66%.

– INTUCH and LH: A safe place for dividend play amid market volatility over coronavirus.

– TAPAC offered a dividend payment at ฿0.06/share and a warrant 2:1

– GULF signed a $37.8 million loan with 5 lenders for the solar power project in Vietnam.

– GULF broke an all-time high, rising above ฿200.00/share.

– Analysts saw positive upsides in KBANK, giving a target price as high as ฿194.00/share.

– AOT dropped three days in a row as concern over coronavirus outbreak.

– Stocks in Focus on January 22, 2020: CBG (KTB Securities TP at ฿123.00/share) and KTB (KGI Securities TP at ฿21.20/share).

 

Top 10 Most Impact Shares on January 22, 2020