Thai Stock Market Roundup on May 14, 2020

– SET Index closed at 1,280.40 points, decreased 14.15 points or 1.09% with a trading value of 46.6 billion baht. The analyst stated that the Thai stock market closed lower due to concerns over the statement from Jerome Powell, Fed’s Chairman, signalling that the U.S. could be in need of more stimulus.

Meanwhile, the second wave of the coronavirus outbreak reported in China, S.Korea and Germany also weighed on investors sentiment as well.

The analyst advised to keep an eye on the Thai GDP report on May 18, Thai Cabinet meeting on May 19 and the MPC’s meeting on May 20.

In addition, the analyst set a support level for tomorrow’s session at 1,270-1,265 points and a resistance level at 1,280-1,285 points.

– Foreign Investors continued the selloff, coupled with Local Institutions and Proprietary Trading for a total net sell of 3.1 billion baht worth of Thai shares.

– IEA warned of a risk to oil demand over the resurgence of the Coronavirus

– OISHI established a JV of shabushi restaurant to further its food business in Laos.

– SUPER booked 718 million baht of profit in 1Q, increased 82%.

– RATCH’s 1Q profit dropped 22% to ฿1.3Bn after recording a net loss in FX.

– SCN posted a profit of ฿46mn in 1Q20.

– PTG reported a ฿203M of profit in 1Q, hurt by TFRS and lower marketing margin.

– TRC turned to book a profit of ฿11mn in 1Q from a higher construction services income.

– JKN’s revenue from ads and media services soared 358%, buoyed profit in 1Q to ฿95 million.

– VNT’s 1Q20 jumped 42% as a lower price of raw materials.

– LOXLEY recorded a rising profit of ฿133mn in 1Q from JV’s’ revenue distribution.

– BEC posted a net loss of ฿275mn from a lower advertising income and Covid-19 effect.

– BA reported a ฿338mn 1Q operating loss due to Covid-19 on flight suspension.

– Sales revenue surge caused GUNKUL’s 1Q profit to grow by 95%.

– Covid-19 pandemic pressured CENTEL to book a net loss of ฿45mn in Q1 2020.

– Stocks in Focus on May 14, 2020: JMT (Maybank Kim Eng TP at ฿21.60/share) and CPF (KGI Securities TP at ฿35.00/share).

 

Top 10 Most Impact Shares on May 14, 2020