Thai Stock Market Roundup February 11, 2020

A short summary to inform investors of what had happened in the Thai stock market on February 11, 2020.

SET closed at 1,523.93 points, decreased 11.31 points or 0.74% with a trading value of 52.6 billion baht. The analyst stated that the Thai stock market edged lower as investors were weighing the impact of coronavirus while waiting for new positive factors to boost the market, coupled with a GDP forecast cut from 2.8% to 2.2-2.3% in 2020.

The FY2020 budget could give a spark to the market, but still need to be approved. Thus, the analyst suggested investors to keep an eye on the announcement of financial statements from listed companies while giving a support level at 1,510 points and a resistance level at 1,530 points.

Local Institutions poured 1,003 million baht back to the market, plunged SET Index by 11 points.

– “Terminal 21 Korat” to remedy casualties of a mass shooting while LHSC asserted that “Terminal 21 Korat” did not include in the Fund.

– The coronavirus death toll passed 1,000. Thailand refused a cruise to disembark in Chonburi.

JMART had officially reported to SEC for the sale of JMT’s shares to BTS.

BCPG invested 3.4 billion baht in Hydro Power in Lao and Substation in Vietnam.

China pork prices jumped 116% in January while analysts expected CPF to be the prime beneficiary.

GUNKUL hiked 2.2% in response to the 2020 revenue forecast that is likely to surpass ฿10bn.

PTTGC expected revenue in 2020 to grow 10% while aiming to issue a debenture not exceeding 15 billion baht in the second quarter of 2020.

ADVANC rejoiced as the Arbitration dismissed TOT’s claim for ฿16bn in roaming service dispute.

– Stocks in Focus on February 11, 2020: PTG (KTB Securities TP at ฿16.00/share) and STEC (Kasikorn Securities TP at ฿21.50/share).

Top 10 Most Impact Shares on February 11, 2020

คำค้น