Kaohoon’s Top News on October 26, 2020

Top news from Kaohoon Turakij Newspaper to start the trading day on October 26, 2020.

  • The analyst advised investors to keep a close eye on the political unrest in Thailand, which continued to pressure SET Index, believing the 1,200 resistance level to remain strong. The very important factor would be the result of the special parliamentary session October 26-27 to solve political conflict as well as the upcoming presidential election in the U.S. The analyst suggested a defensive play such as B&F, Telecommunication, hospital stocks.
  • SCGP kicked off its first trading day last Thursday with a jump of 5.71% to ฿37.00/share, and closed flat due to the negativity in the Thai stock market. The share was buoyed by the greenshoe options. SCGP’s CEO stated that the company’s sales revenue in 2020 would increase around 6-7% and expected to expand the business in Asean. Moreover, SCGP is expecting to ink the deal with Vietnam’s single face packaging by the end of this year. The analyst recommended “BUY” with a target price at Baht 39-45 per share.
  • Asia Plus Securities revealed that VGI, KBANK, STGT, TU, THANI and TISCO were the leading shares that foreign investors purchased.
  • SISB expected its 3Q20 revenue to recover and be better than the previous quarter. The earnings would be announced on November 13, 2020, while its 4Q20 revenue and profit would return to its normal level. Moreover, the company is expected to open a new campus soon.
  • DHOUSE expected a gain in its first trading day in the Market of Alternative Investment (mai) due to its solid fundamentals to return high net profit with a gross profit margin at 22-28%.

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