Second-quarter corporate results to sway SET direction #ศาสตร์เกษตรดินปุ๋ย

#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Second-quarter corporate results to sway SET direction

EconJul 20. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index fell by 1.45 points, or 0.11 per cent, to 1,358.13 in the morning session on Monday (July 20).

A stock analyst at Krungsri Securities expected the index to fluctuate between 1,350 and 1,370 as investors could delay investment to follow banks and financial institutions’ second-quarter performance announcement this week. Results are expected to see a drop both quarter on quarter and year on year.

“Meanwhile, uncertainty following the rising number of Covid-19 cases, especially in the US, would cause an impact on economic recovery,” the analyst said.

“However, the index would gain support from mass buy-up of shares in companies whose second-quarter performance would improve.”

He recommended that investors buy:

▪︎ Food and electronic stocks that benefit from the weakening baht, such as TU, CPF, GFPT, TFG, ASIAN, KCE, DELTA, HANA and SVI.

▪︎ Stocks whose second-quarter performance will improve, such as TOP, PTTGC, SPRC, SCC, BGRIM, CKP, CPF, TU, TASCO, STA, STGT, SPALI, PRM, PTL, AJ, STARK, CBG and TQM.

The Stock Exchange of Thailand (SET) Index on Friday (July 17) closed at 1,359.58, up 11.72 points or 0.87 per cent. Total transactions amounted to Bt41.354 billion with an index high of 1,361.39 and a low of 1,350.10.

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