Thai Stock Market Roundup on June 9, 2020
A short summary to inform investors of what had happened in the Thai stock market on June 9 2020.
– SET Index closed at 1,408.37 points, plunged 30.29 points or 2.11% with a trading value of 115 billion baht. The analyst stated that the decline in SET Index was in line with the European market that fell around 1.5% as well as Dow Jones Futures.
The SET Index faced a profit taking after a long rally, while investors were waiting to see the economic direction from the Fed on June 9-10.
In addition, the analyst gave a support level for tomorrow’s session at 1,400-1,380 points and a resistance level at 1,415-1,420 points.
– Local Institutions poured 2.6 billion baht for profit taking after SET’s 6-day rally.
– WHO warned Covid-19 situation “worsening” worldwide as mass gathering started to resume.
– Covid-19 pandemic to dampen 2020 global economy by 5.2%, said the World Bank.
– IVL acquired PET recycling facility in Brazil.
– IP invested 315 million baht to acquire “Modern Pharma” to expand its medicine productions for human and animal.
– TPCH expected an outstanding performance in 2020, preparing to commercialize a 26MW biomass power plant, pushing its total capacity to 109MW.
– Analyst gave a “BUY” recommendation on ORI after May presales hit the year’s high, upgrading a target price to ฿7.30/share.
– Analyst expected AMATA to benefit from the China relocation, giving a target price at ฿18.50/share.
– Analyst expected PSL to recover in 2Q as negativity from COVID-19 bottomed out.
– The morning session reported of BBL’s big lot transactions of 7.9Bn shares worth ฿963m.
– “Pete Bodharamik” affirmed of not exercising JAS-W3 in order to increase JAS’ EPS.
– BIG disposed of its subsidiary “Big Camera Holding”, saying the disposition would not affect its business.
– Stocks in Focus on June 9, 2020: STEC (KGI Securities TP at ฿21.40/share) and PLANB (Finansia Syrus Securities TP at ฿7.00/share).
Top 10 Most Impact Shares on June 9, 2020
