#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Central Retail ploughing Bt10bn into 2021 expansion plan (nationthailand.com)

Central Retail ploughing Bt10bn into 2021 expansion plan

EconDec 03. 2020Chief executive officer Yol Phokasub 

By The Nation

Central Retail Corporation Plc, the flagship of Central Group, has set aside an investment budget of Bt10 billion next year for expansion in Thailand and overseas, said chief executive officer Yol Phokasub.

He added that the company was ready to expand branches and acquire businesses in Thailand and overseas thanks to its strong liquidity. 

The company’s online sales have grown 200 per cent monthly in line with the change of consumer behaviour following the Covid-19 outbreak, he added.

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Thai economy expected to grow 2%-4% next year (nationthailand.com)

Thai economy expected to grow 2%-4% next year

EconDec 02. 2020Kalin Sarasin 

By The Nation

The Joint Standing Committee on Commerce, Industry and Banking predicts that the Thai economy will grow 2 to 4 per cent next year, while exports will grow 3 to 5 per cent.

This growth will be in line with the expected global economic recovery.

Kalin Sarasin, the committee’s chairman, added that the panel has revised the forecast for economic growth this year upward to between minus 7 per cent and minus 6 per cent.

It had previously forecast the growth rate for this year at between minus 9 per cent and minus 7 per cent.

However, he said, the committee had found that signs of economic recovery in the fourth quarter was weakening, adding that the government must take the lead in driving the economy next year.

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

SET down 0.21% amid PM’s verdict, Opec delay (nationthailand.com)

SET down 0.21% amid PM’s verdict, Opec delay

EconDec 02. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index closed at 1,417.95 on Wednesday, down 2.92 points or 0.21 per cent. Total transactions amounted to Bt78 billion with an index high of 1,430.49 and a low of 1,415.10.

In the morning session, an analyst at Krungsri Securities predicted the day’s index would fluctuate between 1,410 and 1,430 points despite positive US news of a $908-billion (Bt27.4 trillion) economic stimulus package and a Covid-19 vaccine.

“However, the falling oil price due to postponement of the Opec+ meeting amid a dispute over the bloc’s oil production policy, together with today’s Constitutional Court ruling in a case against PM Prayut Chan-o-cha, would pressure the index,” he said.

The court ruled Prayut had not violated the charter by staying on in his Army residence, so could stay in office.

The 10 stocks with the highest trade value today were KBANK, ADVANC, PTT, CPF, PTTEP, SCB, AOT, MINT, CPALL and SCGP.

As of 4.30pm, the price of oil rose by US$0.15 or 0.34 per cent to $44.70 per barrel, while gold rose by $7.20 or 0.40 per cent, to $1,826.10 per ounce.

Other Asian indices were mixed:

Japan’s Nikkei Index closed at 26,800.98, up 13.44 points or 0.050 per cent.

China’s Shang Hai SE Composite Index closed at 3,449.38, down 2.56 points or 0.074 per cent, while Shenzhen SE Component Index closed at 13,961.58, up 31.20 points or 0.22 per cent.

Hong Kong’s Hang Seng Index closed at 26,532.58, down 35.10 points or 0.13 per cent.

South Korea’s KOSPI Index closed at 2,675.90, up 41.65 points or 1.58 per cent.

Taiwan’s TAIEX Index closed at 13,989.14, up 103.47 points or 0.75 per cent.

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Automotive, product manufacturer, retail shares benefit from stimulus packages (nationthailand.com)

Automotive, product manufacturer, retail shares benefit from stimulus packages

EconDec 02. 2020

By The Nation

Automotive, product manufacturer and retail shares are currently benefiting from the government’s measures to stimulate domestic consumption, experts said.

The government had launched various measures to stimulate consumption and compensate for a lack of income from overseas, such as the “Rao Tiew Duay Kan” (We Travel Together) scheme, raising the Bt500 monthly payment for state welfare card holders and introducing the “Khon La Khrueng” (Let’s Go Halves) shopping scheme and “Shop Dee Mee Kuen” (Shop and Payback) scheme.

Asia Plus Securities assistant vice-president Paradorn Tiaranapramot said the government’s “old car for new car” scheme, currently under consideration, would benefit automotive shares, such as AAPICO Hitech Pcl (AH), Somboon Advance Technology Pcl (SAT) and Thai Stanley Electric Pcl (STANLY).

In addition, he said the second phase of the Khon La Khrueng scheme, which the Finance Ministry confirmed would start on January 1, would benefit product manufacturer shares, such as Osotspa Pcl (OSP), Taokaenoi Food & Marketing Pcl (TKN), Sappe Pcl (SAPPE) and Thai Vegetable Oil Pcl (TVO).

Meanwhile, the Shop Dee Mee Kuen scheme and the launch of the iPhone 12 would benefit retail shares, such as MK Restaurant Group Pcl (M), Central Retail Corporation Pcl (CRC), Com7 Pcl (COM7), SPVI Pcl (SPVI) and Berli Jucker Pcl (BJC).

A Yuanta Securities analyst said retail companies’ same store sale growth is expected to increase in the fourth quarter from the stimulus measures.

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

Gold glitters again after price fall in previous days (nationthailand.com)

Gold glitters again after price fall in previous days

EconDec 02. 2020

By The Nation

The price of gold surged by Bt250 per baht weight in morning trade on Wednesday after rising by Bt200 per baht weight at close on Tuesday, the Gold Traders Association reported.

As of 9.27am, the buying price of a gold bar was Bt25,850 per baht weight and selling price Bt25,950, while gold ornaments cost Bt25,377.84 and Bt26,450, respectively.

At close on Tuesday, the buying price of a gold bar was Bt25,600 per baht weight and selling price Bt25,700, while gold ornaments cost Bt25,135.28 and Bt26,200, respectively.

The spot gold price moved to US$1,813 (Bt54,791) per ounce in the morning, while the Comex (Commodity Exchange) gold price to be delivered in February next year rose by $38 to $1,818.90 per ounce on Tuesday, thanks to mass buy-ups of the precious metal after its price dropped in previous days.

Besides, the US Federal Reserve’s gloomy forecast that the economy would face various uncertainties due to the Covid-19 crisis also boosted gold sales.

The Hong Kong gold price meanwhile rose by HK$210 to $16,770 (Bt65,373) per tael, the Chinese Gold and Silver Exchange Society reported.

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

SET expected to face volatility from expected court verdict in PM case (nationthailand.com)

SET expected to face volatility from expected court verdict in PM case

EconDec 02. 2020

By The Nation

The Stock Exchange of Thailand (SET) Index rose by 4.08 points, or 0.29 per cent, to 1,424.95 in the morning session on Wednesday.

An analyst at Krungsri Securities expected the day’s index to swing between 1,410 and 1,430 points despite positive news of a $908-billion (Bt27.4 trillion) economic stimulus package and a Covid-19 vaccine.

“However, the falling oil price due to a postponement of the Opec+ meeting amid conflict over the bloc’s oil production policy, together with the expected Constitutional Court ruling in a case against Prime Minister General Prayut Chan-o-cha would pressure the index,” he said.

He recommended investors buy:

> MINT, CENTEL and AOT that benefit from the development of a Covid-19 vaccine.

> AMATA, WHA, SAT and AH that will benefit from the Asia-Pacific Regional Comprehensive Economic Partnership pact.

The SET Index closed at 1,420.87 on Tuesday, up 12.56 points, or 0.89 per cent. Total transactions amounted to Bt78 billion, with an index high of 1,430.03 points and a low of 1,416.39.