Thai Stock Market Roundup on August 11, 2020

– SET Index closed at 1,336.84 points, increased 14.83 points or 1.12% with a trading value of 72 billion baht. The analyst stated that the Thai stock market moved positively in today’s session in response to the anticipation of the U.S. new stimulus package to be approved soon, while some medical companies advanced to their phase 3 vaccine trial.

As for the Thai market, the better-than-expected earnings of some listed companies such as TU and TKN also buoyed the market with high trading value.

After a holiday on August 12, 2020, the analyst expected SET Index on Thursday to trade between 1,330 points to 1,350 points.

– Local Institutions and Proprietary Trading bought back Thai shares totaling 1.6 billion baht to buoy SET Index nearly 15 points.

– PTT booked ฿12Bn of profit in 2Q, rebounded from a net loss in 1Q.

– TASCO’s profit in 2Q jumped 63.3% as domestic asphalt sales volume increased significantly.

– IRPC reported a net loss of ฿411 million in 2Q as ASP fell amid volatility in crude prices.

– QH’s 2Q profit dropped 23% as lower income from hotel operation, offering a dividend payment at ฿0.04/share.

– BCPG reported a profit of ฿354M in 2Q, recording 14% increase of revenue for the quarter.

– JUBILE’s 2Q profit decreased 47.5% due to the closure of stores during Covid-19 pandemic.

– ACE posted an increase in 2Q Profit of 19.38%, Boosting 1H20F to Hit ฿843 million.

– JAS lowered the damage from the COVID crisis in 2Q while recording a higher operating revenue.

– TQM’s 2Q20 profit rose 33% to ฿163Mn, offering a dividend at ฿1.00/share.

– ESSO recorded a net loss of ฿2.5Bn in 2Q after booking lower revenue and loss from sales.

– TU’s 2Q profit up 14x to ฿1.7Bn, offering a dividend at ฿0.32/share.

– GFPT’s 2Q profit dropped 35% to ฿223Mn due to the lower revenue of chicken processing products.

– ITEL’s 6-month profit near ฿100M amid realizing income from USO and data center service.

– AP posted a strong rebound in 2Q, profit grew 148% to ฿1.2Bn.

– AOT reported a ฿2.9Bn net loss in 3Q20 after recording a 91% decline in sales.

– Stocks in Focus on August 11, 2020: AP (Krungsri Securities TP at ฿8.50/share) and SMPC (KGI Securities TP at ฿16.50/share).

Top 10 Most Impact Shares on August 11, 2020