Thai Stock Market Roundup on November 27, 2020

– SET Index closed at 1,437.78 points, increased 4.22 points or 0.29% with a trading value of 77.3 billion baht. The analyst stated that the Thai stock market moved narrowly in today’s session, while the fund inflow slowdown as the U.S. market was closed on Thanksgiving yesterday and would reopen only half day on Friday. Meanwhile, the MSCI rebalancing that would weigh down the Thai stock market around 3-4 billion baht also pressured big-cap stocks.

The analyst expected a fluctuating session next week, giving a support level at 1,415 points and a resistance level at 1,450 points.

– Local Institutions and Proprietary Trading continued to buoy the Thai stock market with a total of 3.1 billion baht of the net buy.

– AstraZeneca–Oxford defended their vaccine trials after being questioned over effectiveness.

– III completed its share repurchase program, acquiring all 8 million shares at a total value of 40 million baht.

– JKN established three diversified businesses and disposed two subsidiaries to book 40 million baht.

– JR 3Q profit soared 129% to ฿33Mn with a huge amount of backlog to recognize in the future.

– PTT expected economic recovery in 2021 to boost oil demand to $55 as global GDP grows 5.2%.

– IVL issued three tranches of debentures worth ฿9Bn to support business expansion and for refinancing.

– COM7 expected its net profit in 4Q to make a new high in response to the iPhone 12 sales.

– SABINA expected to perform better in 4Q as revenue tended to grow 20% next year.

– BBL fell 1.2% in concerns of FOL limit as analysts remained positive on the fundamental.

– Stocks in Focus on November 26, 2020: DTAC (Krungsri Securities TP at ฿64.00/share) and TPIPP (Maybank Kim Eng TP at ฿5.00/share).

 

Top 10 Most Impact Shares on November 27, 2020