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SET Index expected to trade in 1,720-1,740 range KS expects the SET Index to swing between 1,720-1,740 as investors evaluate 2Q19 results, the bond yield and the direction of the baht after global central banks cut rates to depreciate their currencies and boost exports. Any impact from the BoT s measures to curb baht speculation will likely be short-lived, while the Thai central bank will probably have to cut rates along with others in the medium run.
Total sales were 92.23 million baht, 16.82% lower than the same quarter of last year. The lower sales were mainly due to the spread of the coronavirus 2019 (COVID-19) which led to a significant decrease in overseas sales following area closures of customers’ countries which caused delays in transportations and deliveries of products. Meanwhile, demand from domestic large scale infrastructure projects and buildings under construction was slightly lower.
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