Today's Report

  • Sawasdee – August 13, 2020

    Gains in US stock markets will support the SET today. Watch US-China phase one trade deal review

    Market outlook & strategy
    The SET is expect to rise further today, supported by good news about a coronavirus vaccine and further improvement in economic data. We assign resistances at 1,342 and 1,353. However the market is still fluid and investors should be cautious on the relationship between the US and China during the phase one trade deal review. We assign supports at 1,333 and 1,324. Breaking support will sour sentiment. Trading is an appropriate strategy at this time. 1,300 is a good point at which to accumulate again.
    Company analysis
    ACE – 2Q20: Down QoQ with no extra gains – Buy
    AOT – 3QFY20: Beat on lower expenses – Neutral
    BCP – 2Q20: Net loss continued but at a slower pace – Buy
    CPALL – 2Q20: Beat estimates – Buy
    EPG – 1QFY21: Dragged down by the auto business – Neutral
    ESSO – 2Q20: Still in the red but better QoQ – Sell
    GFPT – 2Q20: Misses estimates on extra items – Upgrade to Buy
    MTC – 2Q20: In line, with improving asset quality – Neutral
    TCAP – 2Q20: In line, attractive dividend yield – Neutral
    THREL – 2Q20: Big miss on combined ratio – Buy


Morning Voice - August 13, 2020

Word focus

Dividend yield The dividend yield is the total yearly payments divided by the principal value of the preferred share