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Mr. Apichat Phobanbanjerdkul Senior Director Strategic Analysis TISCO Securities revealed that Thai equity markets this morning are expected to swing lower, with Asian stocks this morning slightly negative around 0.1-0.2%, facing pressure from the coronavirus outbreak. . -19 Globally, the number of infectious agents reached 40 million and talks on Britain’s separation from the European Union (Brexit) have not progressed. In addition, there is still uncertainty about the US economic stimulus measures. Which still has to wait before the US elections or not
However, our country is still under pressure from internal political factors. The political rally, if prolonged, will not benefit the market. However, if the index turns down to test support at 1,200 points, it will enter the Oversold area, which gives the opportunity to rally in a short period of time. Are there any considerations on the opening of the Extraordinary General Assembly? And keep an eye out for the announcement of the operating results of the large banks for the third quarter of 2020 that will gradually come out. Most of the smaller banks announced were better than expected. Including tracking the progress of the US economic stimulus measures.
Ready to provide support 1,200-1,190 points and resistance 1,215-1,220 points.
Investment considerations
- The latest New York Stock Exchange (October 19), the Dow Jones Industrial Average closed at 28,195.42, falling 410.89 (-1.44%), the S & P500 closed at 3,426.92, a drop of 56, 89 (-1.63%), the Nasdaq closed at 11,478.88. It decreased 192.67 points (-1.65%)
- Asian stock markets opened today, the SSE composite index, the Chinese stock market fell 5.52 points, the NIKKEI 225 Japan stock market fell 83.26 points, the Hong Kong stock market HSI index rose 29.38 points, the index TAIEX the Taiwanese stock market fell 18.35 points, the South Korean stock KOSPI index fell. 13.18 points, FTSE STI Singapore shares fell 1.49 points, Malaysia’s FBMKLCI index gained 0.39 points.
- The Thai stock market closed for the last time (October 19, 20) 1,208.75 points, 24.93 points less (-2.02%).
- Net purchase by foreign investors for 366.06 million baht on October 19, 2020.
- The WTI crude for delivery in November in the Nimex market closed for the last time (October 19, 20) closed at $ 40.83 / barrel, 5 cents less or 0.1%.
- Singapore’s benchmark GRM index closed last (Oct 19, 20) at $ 1.00 / barrel.
- The baht opened at 31.22, a slight depreciation from yesterday. Watch Out For Thailand Politics: Plans To Stimulate The US Economy.
- The president of the Federation of Capital Market Organizations of Thailand points out that Thai stocks are impregnated If the assembly is prolonged In addition, there are no positive factors to support I hope that the government urges to find a solution. Meanwhile, domestic funds continue to sell for another 3.71 billion baht, hitting the index, dropping 25 points, broken estimates, if the violence hits 1,150 stocks.
- FTI clings to the dreaded mafia, pulling the third hand to aggravate the economy Suggested the state to rush to find a solution to end this month Support the opening of the Extraordinary General Assembly to amend the constitution, unlock The confidence index September 20 continued to rise for the fifth month, not wanting to see politics as a barrier, causing confidence to drop further.
- AOT Uam accepts cash status, valid until the middle of next year. Win a vaccine to treat COVID Fear if the plan is wrong Must aim to borrow to supplement liquidity: manage expenses Ready to accelerate runway repair plan – taxi way
- Mr. Surapong Paisitpatanaphong Automotive Industry Group Spokesperson The Federation of Thai Industries (FTI) revealed that the total automobile production in September was 150,345 units, up from the same period last year, more than 100,000 vehicles for the second month in a row. National production during 9 months of this year (January-September) decreased 40.13% to 453,643 units, while export production decreased 25.41% to 67,964 vehicles, 9 months minus 37.49 The percentage was 509,423 units, and the total production of automobiles in the first nine months of this year was 963,066 units, despite a 38.76% drop over the same period last year.
- Mr. Nawa Chantonsurakhon, President of the Steel Industry Group The Federation of Thai Industries (FTI) said that in 2019 the global demand for steel was up to 1,767 million tons, but the epidemic of COVID-19 This seriously affects the global economy and society, and decelerates global demand for steel in 2020, which is expected to be 1,725.1 million tons, a decrease of 2.4% compared to 2019.
* Featured actions today
- PRAPAT (Peerapat Technology Plc.) Trading today for the first day on the Alternative Investment Market (mai) at an IPO price of 1.50 baht / share, Finansia Syrus Securities is a co-dealer of shares of PRAPAT. Estimated target price of 1.85 baht, expected net profit in 2020 -62% YY before recovering pending + 103% YY in 2021, the company produces and sells cleaning agents and disinfectants for COVID-19 Affects the hotel group, which is the main customer. But partially offset by industrial and domestic clients.
- IVL (Krungsri) “Buy” with a target of 35 baht, Top pick, Global play Group, earnings will gradually recover in line with rising product prices and spreads, driven by the global economic recovery ( blocking).
- SYNEX (Finansia Syrus) “Buy” with a target of Bt17. Q3 / 63 -13% QQ profit expected, but + 54% YY growth is supported by expanding gross margin. The year is supported by the launch of the iPhone 12 and gaming products, and 2020-2022 earnings are expected to grow + 18% / 15% / 16%, respectively, reflecting strong margin expansion. On the other hand, liquidity in trading improved after the gradual decline in the cash cycle, the share price fell near the key support of 14 baht, causing the rise to widen.
