GSB to launch digital savings bond with lucky draws of Bt1 million each #SootinClaimon.Com

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GSB to launch digital savings bond with lucky draws of Bt1 million each

Dec 28. 2020

By THE NATION

The Government Savings Bank (GSB) is set to give Thai people a “New Year gift” in the form of a digital savings bond to be sold via the MyMo application from January 11 until March 16, or until the total deposit reaches Bt20 billion, GSB president Withai Ratanakorn said.

“A lucky draw will be held on February 16 and March 16, with 10 random winners chosen at each event who will be given a Bt1 million cash prize each,” he said. “Anyone above the age of 15 can buy the bond at Bt20 per unit. Minimum investment is Bt200 with the maximum capped at Bt10 million per person.”

Withai added that lucky draws for digital bonds will be a separate event from the monthly draw, which is held on the 16th of every month for buyers of GSB bonds. The first prize in this draw is Bt3 million, and also includes prizes for up to five people as well as awards based on account numbers.

All draws will be broadcast live on Facebook @LiveNBT2HD.

“We hope the digital bonds will help promote savings and encourage people to spend money wisely,” he said.

Indorama Ventures listed in sustainability index for 6th year running #SootinClaimon.Com

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Indorama Ventures listed in sustainability index for 6th year running

Dec 28. 2020Sasinotai Rochanutama, right, manager of sustainability at Indorama Ventures Plc, receives the award from Pakorn Peetathawatchai, president of the Stock Exchange of Thailand.Sasinotai Rochanutama, right, manager of sustainability at Indorama Ventures Plc, receives the award from Pakorn Peetathawatchai, president of the Stock Exchange of Thailand.

By The Nation

Indorama Ventures (IVL), a leading global chemical producer, received a plaque from the Stock Exchange of Thailand (SET) to mark its sixth consecutive year (2015-2020) in the Thailand Sustainability Investment (THSI) 2020 index for the Industrial sector.

IVL was honoured as a listed company with a market capitalisation of more than Bt100 billion for achieving outstanding performance in Environmental, Social and Governance (ESG) practices. The award also reflects transparent disclosure of social and environmental policies and performance to stakeholders so that investors can make decisions based on responsible investment.

IVL is a global business committed to developing technologies and processes that use post-consumer PET and polyester waste materials as feedstock. As the largest producer of 100 per cent recyclable PET in the world, IVL said it intends to ensure all aspects of the circular economy come to fruition, reducing waste in the environment. The company is listed in the Dow Jones Sustainability Index.

Wonder Woman survives a pandemic and polarizing reactions to remain one of the top superhero franchises #SootinClaimon.Com

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Wonder Woman survives a pandemic and polarizing reactions to remain one of the top superhero franchises

EntertainmentDec 29. 2020

By The Washington Post · David Betancourt

The Wonder Woman franchise isn’t going anywhere.

Despite a limited theatrical release, lukewarm reviews and social media chatter that can best be described as polarizing, “Wonder Woman 1984” opened to $16.7 million domestically at the box office this past weekend, beating all other three-day 2020 pandemic releases and boosting its worldwide total to $85 million. The film also debuted simultaneously on HBO Max and was viewed by nearly half of the streaming service’s subscribers on the day of arrival according to The Hollywood Reporter.

Warner Bros. studio chief Toby Emmerich announced on Sunday that the studio and DC Entertainment are moving forward with a third film, with director Patty Jenkins and star Gal Gadot returning.

So the franchise has come out pretty well, all things considered. And the announcement puts it into rarefied air.

A trilogy has been an uncommon feat for DC Comics on film in the modern superhero cinema era that clocks back to Fox’s first X-Men movie in 2000.

There’s Christopher Nolan’s “The Dark Knight” trilogy. And that’s it.

Gone are the days of four Superman movies and four Batman movies that both marveled and disappointed from the ’70s to the late ’90s. Post-Nolan, DC has struggled to find respectability in the shadow of Marvel Studios’ decade-long reign, but salvation finally arrived with the first “Wonder Woman” film that wowed audiences to the tune of $822 million worldwide in 2017.

Gadot and Jenkins became DC’s true heroines, helping the brand become a legit contender for the crown of best superhero movie maker that was once theirs alone. Gadot had the gargantuan task of following in the footsteps of Lynda Carter, the world’s forever Wonder Woman. She passed that test memorably, and is equally impressive in “Wonder Woman 1984” despite not being handed as strong a script as in her first go-round with the Lasso of Truth.

Before the first film, Jenkins had the outsized expectations that came from telling a tale with not only DC’s top female superhero, but the female superhero, and had to make it work when DC was building a reputation for being too moody on screen. A movie had been devoted to Batman and Superman beating each other up, after all. Jenkins made a film full of light and hope. It’s DC’s best film post-Nolan, and set the franchise on firm footing, making it a good bet to join DC’s trilogy club.

Even if the reviews for “Wonder Woman 1984” haven’t been as universally praising as the first film’s, it’s bright (maybe too bright, but it is the 80s) and shiny and very expensive, and helps add to a world that’s worth revisiting. Perhaps it is finally time to bring Wonder Woman to the present day, as Jenkins has hinted at previously, while keeping the character as far away from the Justice League as possible until that on-screen brand has been repaired.

But one question is when Gadot and Jenkins will have the time.

The daughter of a fighter pilot, Jenkins is scheduled to direct “Rogue Squadron,” a movie centered around the coolest pilots of the Star Wars universe. Gadot is also set to star as the queen of Egypt in “Cleopatra,” once again working alongside Jenkins.

This could be a situation reminiscent of the long four-year gap between Nolan’s “The Dark Knight” and “The Dark Knight Rises” that allowed him to film “Inception.” At that point Nolan had the power to do the projects he wanted to do. He didn’t need Batman. Batman needed him. Gadot and Jenkins are now in similar territory with Wonder Woman.

Another factor is: Will theaters return to their pre-pandemic audience levels by the time a new Wonder Woman film comes out? In his statement, Emmerich said Gadot and Jenkins would return to conclude “the long-planned theatrical trilogy.” The key word being theatrical. That makes it seem like Warner Bros. is betting on this movie arriving in a post-pandemic, vaccinated world a few years from now. Those words also give the vibe that a trilogy was always in the cards.

And then there are the optics to consider. Trilogies are old hat for Marvel Studios. Look at all the Avengers that have had three solo films. Iron Man. Captain America. Thor (with a fourth on the way). Heck, even Ant-Man has a third movie in the works. Seriously. It’s called “Ant-Man and The Wasp: Quantumania.”

For DC to maintain respectability in the shadow of all that Marvel Studios has done, its superheroes need equal longevity on the big screen. And while other contenders at DC have arisen with trilogy potential (“Shazam,” the billion-dollar grossing “Aquaman,” a promising “Black Adam” franchise starring Dwayne Johnson that will soon be in production, and even “The Suicide Squad” with director James Gunn at the helm), DC’s current top hero on film was the obvious choice to begin a new trilogy streak.

However long it takes, we will see Princess Diana one more time. Warner Bros. and DC just need to hope the third time can charm like the first one did.

Hospital discharges Toon Bodyslam #SootinClaimon.Com

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Hospital discharges Toon Bodyslam

EntertainmentDec 28. 2020

By The Nation

Rock-star Artiwara “Toon” Kongmalai is on the way to recovery after being released from hospital on Monday, his girlfriend Rachwin “Koi” Wongviriya said on Instagram.

On December 14, lead singer of the group Bodyslam was rushed to Bangkok’s Phramongkutklao Hospital after suffering a bulging disc in his cervical vertebrae.

The 41-year-old rock star created history last year when his epic, 55-day run across the country raised Bt1.2 billion for cash-strapped public hospitals.

Cervical herniated disc is a recognised condition among athletes, though it is not known whether Toon sustained the injury through running.

A nephew of Aed Carabao, Toon founded Bodyslam with Thanadol Changsawek and Nathaphol Phannachet in 2002. The band have released seven hit albums so far, mostly under GMM Grammy.

Chinese players pull out of Thailand badminton events due to Covid-19 #SootinClaimon.Com

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Chinese players pull out of Thailand badminton events due to Covid-19

Dec 29. 2020 Chen Yufei of China Chen Yufei of China

By THE NATION

Chinese players have withdrawn from three BWF events due to be held in Thailand next month as they are prohibited from travelling outside their country due to Covid-19 concerns.

Badminton Association of Thailand president Khunying Patama Leeswadtrakul

Badminton Association of Thailand president Khunying Patama Leeswadtrakul said the Chinese team had to cancel their trip to Bangkok to abide by the rules of the Chinese government against the pandemic.

“Through an online conference, the Chinese Badminton Association apologised for having to withdraw from the tournaments because of Covid-19 concerns,” said Patama, also a deputy president of the Badminton World Federation.

Thailand will host back-to-back Thailand Open events (Super 1000 level) from January 12-17 and January 19-24, each with $1 million prize money, and the US$1.5-million World Tour Finals from January 27-31 on the outskirts of Bangkok.

The absence of the Chinese players will deprive the tournaments of several stars, such as 2016 Olympic men’s singles gold medallist Chen Long, World Tour Final women’s defending champion and world No 2 Chen Yufei and women’s doubles No 1 Chen Qing Chen and Jia Yi Fan.

However, their withdrawals will give an opportunity for home talent, as six more Thai players will be entered into the draw to replace the Chinese. They will join the country’s other hopes, such as Ratchanok Intanon, world junior champion Kunlavut Vitidsarn and mixed doubles specialist Dechapol Puavaranukroh and Sapsiree Taerattanachai.

Due to the new wave of Covid-19 outbreak in the Kingdom since early December, the three events will be held without spectators.

In 2020, we reached peak Internet. Here’s what worked – and what flopped. #SootinClaimon.Com

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In 2020, we reached peak Internet. Here’s what worked – and what flopped.

Dec 29. 2020

By The Washington Post · Geoffrey A. Fowler

Covid-19 has tested our health care, our economy and our faith. Who’d have thought it would also require a crash course in personal technology?

When the coronavirus first started upending our lives in March, I wrote about the apps, websites and services that made it possible to never leave my home. Grocery deliveries, streaming movies and video calls were “hermit tech,” I joked.

Ten months into the pandemic, hundreds of millions of Americans now rely on this tech to work from home, attend virtual school, see the doctor, go to the movies and just get our hands on some toilet paper. Not long ago, most of those were tech pipe dreams – businesses with limited reach beyond bubbles like San Francisco.

The pandemic put Silicon Valley’s boldest ideas for an app-operated life to the test, quickly and at scale. Now it’s time for an accounting of what worked, what flopped – and what’s the new normal.

“2020 reinforced the fact we nerds have known: network is just omnipresent,” says Om Malik, a venture capitalist at True Ventures. “We aren’t going online. We live online.”

The coronavirus marks an inflection point for nerds and non-nerds alike. By April, more than half of American adults felt the Internet was “essential” to life, according to Pew. Out of necessity, even my septuagenarian mother was ordering groceries on Instacart – and she likes personally thumping melons at the store.

The Zoom video chat app became a noun, verb and adjective. “I have been to a Zoom funeral, a Zoom bar mitzvah and Zoom family reunions,” says Gina Bianchini, the founder of software company Mighty Networks. “Thirty days is what you need to build a habit. We’ve been doing this for months.”

But the future won’t be decided by what’s convenient alone. New online experiences like grocery shopping and streaming first-run movies have yet to find sustainable businesses. We learned Amazon Prime, DoorDash, Instacart and Shipt subject the most vulnerable workers to low pay and punishing rules. (Amazon chief executive Jeff Bezos owns The Washington Post.) Despite some groundbreaking industry efforts, our phones and wearable health trackers have yet to play a major role in fighting the coronavirus itself.

And the coronavirus laid bare perhaps the biggest tech failure: Tens of millions of Americans couldn’t show up to school or work because they couldn’t afford broadband or just couldn’t get the flaky WiFi to work.

After a year of living extremely online, here’s what I learned we can’t live without – and what we’d rather leave behind with the rest of 2020.

– Working from home

For about 63 million American workers during the pandemic, the Internet made the once-unthinkable possible: wearing comfy sweatpants all day. But white-collar jobs built around Zoom calls, Slack messages and Dropbox files have also changed how work gets done – not entirely for the better.

It has meant longer days. A study of the early weeks of lockdown published by the National Bureau of Economic Research found the average workday increased by 48.5 minutes and the number of meetings increased by 12.9 percent. Management scientists call it a virtual form of “presenteeism”: feeling like you have to show your face for a Zoom just to make people think you’re not slacking off.

Meanwhile, overall productivity has decreased by 2 to 3 percent for most organizations, reports Bain & Company, because of poor collaboration and inefficient work practices.

Nonetheless, some remote work is probably here to stay. When Pew surveyed Americans able to work from home in October, 54 percent said they would still want to work remotely after the pandemic ends.

In a recent Washington Post Live interview, Slack’s chief executive, Stewart Butterfield, told me companies have been able to use remote work as an opportunity to reexamine all forms of office orthodoxy. “What other assumptions, what other kind of practices or processes are we kind of blindly keeping in the rotation when perhaps there are more effective ways to do?” he said.

Workplace tech needs to evolve, too. Some 57 percent of remote workers felt less connected to co-workers, according to Pew. There can also be too much connection: Every time I get a Slack message, I hear it reverberate around my house – on my computer, my phone and my iPad. Keeping a distinction between work and personal time shouldn’t be a constant battle.

– Virtual school

Almost any parent can attest things went off the rails when we had to switch to emergency remote learning.

The problem is most educational technology was designed to help support teachers in the classroom, not for completely remote learning like the pandemic. “It isn’t what anyone hoped or wished online learning would be,” says Betsy Corcoran, co-founder of education technology publication EdSurge, part of the International Society for Technology in Education. “It was like putting on swimming fins and asking people to run a sprint.”

How many hours can you expect young children to sit in front of a screen? The tech took away the fun parts of school, like recess and seeing friends, and just left the academic parts.

So are the kids all right? A study by McKinsey & Co. published in December estimates that going to remote school in the spring set White students back by one to three months in math, while students of color lost three to five months.

Even more worrisome is that even after schools had the summer to adjust and make sure students had computers and WiFi, online learning has continued to leave many behind. Software company PowerSchool, used by schools serving about three quarters of all U.S. students, reports that even into the fall, more than 30 percent of students were not “active users.” Districts report a surge in failing grades; sometimes students are just not turning in assignments.

When the pandemic is behind us, almost nobody wants young children to continue to go to school primarily through screens. But we have learned what online tools are capable of. Online summer school programs like Cadence Learning have shown potential for using student data and personalization to provide tutoring. A generation of kids that’s adapted to Zoom school is going to be a lot more open to incorporating video and apps into learning in the years to come.

Most of all, teachers and parents say virtual education reminded us of everything school actually provides, including meals, day care and social development. Adapting to how students feel is a technology problem, too. As a fifth grader named Luke Pages told my colleagues Hannah Natanson and Laura Meckler, the virtual school day is “like a roller coaster of emotions.”

– Online grocery shopping

Who would have thought scrambling for toilet paper would define 2020? We spent hours in the spring downloading new grocery apps and trying to secure delivery slots. Some 43 percent of shoppers surveyed by industry consultant Mercatus reported they had tried shopping for groceries online in 2020, almost twice the rate from two years ago.

But there’s not much evidence we’ve made a permanent shift. Overall, e-commerce accounted for just 7 percent of grocery shopping in 2020, up from 5 percent in 2019, estimates Forrester Research. Over the summer, some people became comfortable returning to grocery stores.

And many of us had terrible experiences trying to buy groceries online. Stores needed time to adjust to the surge, but it left customers in the lurch. There were frequent stock outages and personal shopping services such as Instacart could be hit or miss. (Asks my mom: How could they pick the out-of-date milk?)

“It’s just really hard logistically,” says Forrester analyst Sucharita Kodali. By her estimates, online grocery fulfillment and delivery tacks about $20 onto a normal purchase. When you’re not going to the store yourself, that means more labor for someone else to pick the products, put them into bags, drive them to your house and keep the fresh stuff cold before it goes into your fridge.

Shopping apps hide the human cost of employees – frequently gig workers – who do that work for low pay and under harsh conditions. I started calling it “Amazon guilt”: that feeling when you watch someone else drop packages at your door while you’re safely inside. During the pandemic, all we could do was leave little thank you notes or amp up tips when that was an option. After the pandemic, do we want this kind of gig working to become a permanent fixture of the economy?

– Connecting America

When the pandemic began, tens of millions of Americans didn’t have broadband Internet. Ten months later, it’s clear an Internet connection is essential to American life – a utility on the same level as water or electricity.

One frustration is we still don’t know the exact scale of the “digital divide.” The Federal Communications Commission reported 21.3 million Americans lacked access to broadband (wired or wireless) at the end of 2017. But those numbers probably undercount the real problem; in February, research firm BroadbandNow estimated 42 million Americans don’t have the ability to purchase Internet access.

Physical infrastructure like fiber-optic lines is just one part of the problem. Millions of Americans simply can’t afford the access available in their communities, including nearly a million New York City residents. While Consumer Reports estimates the average American spends $65 per month on access, in some areas companies with a near monopoly can keep prices higher.

There have been some efforts to fill the gap. In July, New York announced a plan to extend access to 600,000 residents over an 18-month period. Comcast voluntarily extended a program called Internet Essentials (originally a requirement from a merger agreement) to offer some access for just $10 per month.

And to the surprise of many advocates, more help could be on the way. The stimulus bill passed by Congress in late December included $7 billion for broadband access in 2021. That includes up to $50 each month for eligible low-income households to cover broadband bills – or up to $75 for people who live in tribal areas.

Even if that bill doesn’t become law, it signals a shift in thinking. “With the new administration, there’s going to be a real focus on the question – which is a much bigger investment than even $7 billion,” says Jonathan Schwantes, a senior policy counsel for Consumer Reports.

– Telemedicine

Doctors have been talking for decades about replacing some in-person patient visits with virtual house calls. When the pandemic shut non-emergency clinics, it finally happened. As of May, McKinsey estimates 46 percent of American consumers were using telehealth to replace canceled health care visits. Between mid-March and the summer, over 9 million Medicare beneficiaries used telemedicine, a more than 5,000 percent increase from the prior three months.

“The telemedicine genie is out of the bottle,” says Seema Verma, the administrator for Medicare and Medicaid.

Patients liked the convenience and the access to care, particularly in rural areas. Many doctors, too, report there’s a lot they can do just by seeing and talking to patients on a screen. It can be useful to see what people’s homes look like, and even talk directly to caregivers who might not be around during in-person visits.

“Satisfaction was higher for some telemedicine visits than in person visits,” said Bob Kocher, a venture capitalist at Venrock who serves on the boards of several insurance and digital medicine companies. “I can check on you every day for a couple of minutes, which is unbelievably helpful because you can tell if somebody’s looking better or worse if I see you every day.”

Still, making telemedicine stick faces hurdles. Lawmakers moved quickly in the spring to temporarily loosen rules and allow Medicare to reimburse for virtual care, but those would have to be made permanent. There’s also going to be resistance from traditional health providers that rely on in-person – and high-margin – tests like X-rays to turn a profit. They’re not entirely wrong: Good medical care requires long-term continuity you can’t get just by opening an app whenever you feel ill.

– Streaming first-run movies

The pandemic gave us all a lot more time to watch movies at home. What’s surprising is that Hollywood was finally willing to let us stream some of the good ones.

It started with “Trolls: World Tour” and then “Mulan,” when theaters closed under stay-at-home orders. 2020 marked the first time studios began experimenting selling marquee movies online at the same time they hit theaters – or instead of the big screen. For years, even as streaming has gone mainstream, big budget films have been the exclusive domain of theaters, where they tapped audiences for $9 tickets before making their way to Blu-ray and then, eventually, streaming apps.

Then in December, Warner Bros. sent shock waves through Hollywood by announcing all of its 2021 films – yes, all of them – would debut simultaneously in theaters and on its premium streaming service HBO Max, including the much-hyped “Dune” and “The Matrix 4.”

But don’t write a eulogy for movie theaters just yet.

Most studios are still holding their biggest movies for post-vaccine theater runs in 2021. The dramatic announcement by Warner Bros. was as much about a new distribution model as it was the priorities of the studio’s owner AT&T, which wants to prop up its flagging streaming service HBO Max.

It’s unquestionably more convenient to watch movies at home, even if you have to make your own popcorn. Netflix has primed us to get what we want, right away.

I was one of the people who paid $30 for an at-home digital ticket to Mulan – but there’s little evidence many other people did. It’s unlikely Disney even came close to making back its $200 million production costs by selling premium tickets. (The studio never released numbers, but it’s revealing they haven’t tried a repeat.) For most Americans, I suspect a family night out at the theater – even if it costs more – seems like a better value than a streaming ticket.

The reality, as my colleague Steven Zeitchik has written, is there’s just not enough money in streaming to support the way blockbusters are made. If we still skip the theater after the pandemic is over, prepare for a future filled with more of the low-budget wonders Netflix has come to define, like Adam Sandler’s “The Wrong Missy.”

SET up 0.64% despite virus surge, foreign inflow slowdown #SootinClaimon.Com

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SET up 0.64% despite virus surge, foreign inflow slowdown

EconDec 29. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,461.95 on Tuesday, up 9.28 points or 0.64 per cent. Total transactions amounted to Bt77.71 billion with an index high of 1,468.60 and a low of 1,440.59.

In the morning session, an analyst at Krungsri Securities expected the day’s index to fluctuate between 1,440 and 1,470 amid year-end mass buy-ups of Super Savings Funds and Retirement Mutual Funds, as well as news that US President Donald Trump had signed a $900-billion stimulus package.

“However, the slowdown of foreign fund flows and uncertainty over the surge in domestic Covid-19 cases will pressure the index,” he said.

The 10 stocks with the highest trade value today were DELTA, GPSC, KEX, EA, IVL, AEONTS, CBG, PTT, KBANK and BANPU.

As of 4.30pm, the price of oil rose by US$0.50 or 1.05 per cent to $48.12 per barrel, while gold rose by $3.10 or 0.16 per cent, to $1,883.50 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 27,568.15, up 714.12 points or 2.66 per cent.

China’s Shang Hai SE Composite Index closed at 3,379.04, down 18.25 points or 0.54 per cent, while the Shenzhen SE Component Index closed at 13,970.21, down 73.89 points or 0.53 per cent.

Hong Kong’s Hang Seng Index closed at 26,568.49, up 253.86 points or 0.96 per cent.

South Korea’s KOSPI Index closed at 2,820.51, up 11.91 points or 0.42 per cent.

Taiwan’s TAIEX Index closed at 14,472.05, down 11.02 points or 0.076 per cent.

Investors cautioned against buying shares of Delta as price skyrockets #SootinClaimon.Com

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Investors cautioned against buying shares of Delta as price skyrockets

EconDec 29. 2020

By The Nation

Experts have advised investors to avoid the shares of Delta Electronics, as its price was higher than the fundamentals.

On Monday, the price of Delta shares hit a new high of Bt838 per share before closing at Bt560 per share, down Bt124 or 18.13 per cent with total transactions of Bt12.36 billion.

Supachai Wattanavitheskul, an analyst at Yuanta Securities, said Delta’s share price rose sharply because it was listed in the SET50 Index, while it gained positive sentiment from rising electric vehicle (EV) share price and the easing trade war.

“Besides, investors expected Delta’s profit to rise by 100 per cent year on year and rise even more next year,” he said.

He said the price of Delta shares had risen by four times its fair value of Bt197 per share, while the share’s price-to-earnings ratio was over 100 times the company’s next year’s profit forecast of Bt8.2 billion.

“To maintain the rise in share price, Delta’s profit must hit Bt15 billion next year. However, it depends on the growth in EV and Internet of Things businesses whether it can support the company’s growth or not,” he said.

He advised investors to avoid investing in the shares of Delta.

Therdsak Taweeteeratham, executive vice president of research at Asia Plus Securities, said the price of Delta shares rose sharply from investors’ hopes of the company’s growth and the change in technology.

He said it depends on investors’ speculation whether Delta’s share price would rise further or not, as there would be high risks when the share price hits a new high.

“We advise investors who have Delta shares to set up a good profit-taking point, but those who do not have such shares must consider thoroughly before speculating because they would face losses,” he said.

Nuttachart Mekmasin, a research analyst at Trinity Securities, said the price of Delta shares had almost hit its highest point.

Finance Ministry to revise economic forecast in Jan after latest outbreak #SootinClaimon.Com

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Finance Ministry to revise economic forecast in Jan after latest outbreak

EconDec 29. 2020

By The Nation

The Finance Ministry will revise its economic forecast for this year and next year in January, according to the Fiscal Policy Office on Monday.

Whether that revision is up or down will depend on the impact of the fresh Covid-19 outbreak in Thailand, it added.

However, the office said it believes the impact will be lower than the previous phase of contagion, since all parties are well-prepared to deal with the fallout.

Deputy Prime Minister Supattanapong Punmeechaow last week maintained his forecast of growth above 4 per cent for Thailand’s economy next year, citing the availability of Covid-19 vaccines.

He also maintained his forecast of 6 per cent contraction for the Thai economy this year, in line with the National Economic and Social Development Council’s projection.

There were 144 new Covid-19 infections, including 115 cases of domestic transmission, confirmed over a 24-hour period on Monday, the Centre for Covid-19 Situation Administration (CCSA) said.

SET gains as Trump gives the nod to US stimulus package #SootinClaimon.Com

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SET gains as Trump gives the nod to US stimulus package

EconDec 29. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index rose by 9.78 points, or 0.67 per cent, to 1,462.45 in the morning session on Tuesday.

An analyst at Krungsri Securities expected the day’s index to fluctuate between 1,440 and 1,470 amid news that US President Donald Trump had signed an economic stimulus package and mass buy-ups of Super Savings Funds and Retirement Mutual Funds at the end of the year.

“However, the slowdown of foreign funds flows and uncertainty over the surge of domestic Covid-19 cases would pressure the index,” he said.

He recommended that investors buy:

▪︎ PTTEP, PTTGC, TOP and IVL, which benefit from rising oil price, and their fourth-quarter performance is expected to improve too.

▪︎ PSL, TTA and RCL, which would benefit from the rise in the Baltic Dry Index.

▪︎ TQM, BLA, STGT, AJ, PTL, SYNEX and COM7, which benefit from the Covid-19 outbreak.

The SET Index closed at 1,452.67 on Monday, down 33.64 points or 2.26 per cent. Total transactions amounted to Bt103.63 billion with an index high of 1,512.99 and a low of 1,452.48.