october 8, 2020 thai enquirer summary · to acquire tkn shares to form a business alliance with...

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October 8, 2020 Thai Enquirer Summary Economic News The government plans to offer tax incentives known as the “Chop Dee Mee Kuean” (Shop Well Get Refund” scheme to boost domestic consumption and revive an economy stumbling from the impact of the coronavirus pandemic following the Center for Economic Situation Administration (CESA)’s giving the greenlight for the government to give a tax deduction of up to 30,000 baht on purchases of goods and services starting from October 23 to December 31, according to Deputy Prime Minister Supattanapong Punmeechaow, also the Energy Minister. The committee expected 4 million people will take part in the scheme, which will spur spending but reduce state tax revenue by around 11 billion baht but generate a cash flow of at least 200 billion baht for the economy between October and December this year. The measure will need cabinet approval. The proposal is to give tax breaks depending on how much taxes one pays. If a person pays 5 per cent taxes on their annual income then they would get back 1,500 bath on their spendings

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Page 1: October 8, 2020 Thai Enquirer Summary · to acquire TKN shares to form a business alliance with TKN. The news drove TKN shares to rise on bargain-hunting. TKN shares jumped to the

October 8, 2020

Thai Enquirer Summary

Economic News

The government plans to offer tax incentives known as the “Chop Dee Mee Kuean”

(Shop Well Get Refund” scheme to boost domestic consumption and revive an economy

stumbling from the impact of the coronavirus pandemic following the Center for

Economic Situation Administration (CESA)’s giving the greenlight for the government to

give a tax deduction of up to 30,000 baht on purchases of goods and services starting

from October 23 to December 31, according to Deputy Prime Minister Supattanapong

Punmeechaow, also the Energy Minister.

The committee expected 4 million people will take part in the scheme, which will

spur spending but reduce state tax revenue by around 11 billion baht but generate

a cash flow of at least 200 billion baht for the economy between October and

December this year.

The measure will need cabinet approval.

The proposal is to give tax breaks depending on how much taxes one pays.

If a person pays 5 per cent taxes on their annual income then they would

get back 1,500 bath on their spendings

Page 2: October 8, 2020 Thai Enquirer Summary · to acquire TKN shares to form a business alliance with TKN. The news drove TKN shares to rise on bargain-hunting. TKN shares jumped to the

On the same level if a person pays 35 per cent taxes on annual income of

more than 5 million baht, then they would be eligible to get a total return

of 10,500 baht for their spendings.

The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) sees

slightly improvement in the country’s economy as it forecast that the country’s GDP will

contract by 7-9 per cent this year and inflation fall 1-1.5 per cent this year, citing that the

Thai economy has passed through its lowest point in the COVID-19 crisis.

The JSCCIB sees a rosier outlook for Thailand’s exports, raising the 2020

forecast from a drop of 10-12 per cent to a drop of 8-10 per cent.

Kalin Sarasin, JSCCIB chairman, said economic momentum would continue

through the end of the year after hitting rock-bottom in the second quarter.

Thailand recorded its worst slump since the 1997 financial crisis earlier this year

as the lockdown and travel ban battered the economy.

Kalin said the recovery was down to Thailand’s success in dealing with the virus,

plus government stimulus measures such as schemes to boost domestic tourism.

Page 3: October 8, 2020 Thai Enquirer Summary · to acquire TKN shares to form a business alliance with TKN. The news drove TKN shares to rise on bargain-hunting. TKN shares jumped to the

However, he also warned that recovery in the 4th quarter would be disrupted if

there was a 2nd wave of infections while other factors that could affect the Thai

economy were a strong baht and foreign politics, especially in the US where the

presidential election is due next month.

As Thailand is scheduled to open the country to receive the first batch of long-stay

foreign tourists under a special tourist visa (STV), the Ministry of Public Health is set to

propose a reduction in the mandatory quarantine period for foreign tourists from 14 to 10

days and then 7 days, in line with the COVID-19 situation in visitors’ home countries to

the Centre for Covid-19 Situation Administration (CCSA) in the next week.

Koh Samui in Surat Thani, Phuket, Buri Ram and Chon Buri have been chosen as

alternative local state quarantine centres for long-staying foreign tourists.

There are altogether 84 alternative state quarantine locations, 12 alternative local

state quarantine facilities plus alternative hospital quarantines to accommodate

foreign tourists.

A majority of Thais do not agree with a government plan to reopen Thailand's

borders to foreign tourists, a survey showed, as the nation prepared to receive its

first group of visitors in almost seven months.

About 57 per cent of respondents were concerned that the reopening would

increase the risks of coronavirus infections and disagreed with the plan,

according to the poll conducted by the Bangkok-based National Institute of

Development Administration.

The survey of about 1,300 people also found that 62 per cent were not confident

that the government can avoid a re-emergence of Covid-19 once the country

reopens to holidaymakers.

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Another hotel is set to close down in times of the COVID-19 outbreak. Sripattana Hotel,

a well-known hotel in Nakhon Ratchasima that operated more than 50 years, was forced

to close down temporarily.

Sripattana Hotel is a 3.5 star hotel with 183 rooms. The hotel was founded by Gen

Kris Srivara, a former army chief and former defence minister, and started

operations in 2008.

The hotel was then acquired by Ratpratheep Keeratiurai, a founder of the Nakhon

Ratchasima Chamber of Commerce, in 2011.

Shares of SET-listed Taokaenoi Food & Marketing Plc (TKN), the maker of Tao Kae Noi

seaweed snacks, saw its shares rise by 26 per cent with heavy trading volumes in the

afternoon trading session yesterday (October 7) on news that “Pepsi” Group is planning

to acquire TKN shares to form a business alliance with TKN.

The news drove TKN shares to rise on bargain-hunting. TKN shares jumped to

the highest level at 12.80 baht before closing at 12.60 baht, up 2.60 baht or 26

per cent, in trade worth more than 2.432 billion baht, the single highest day

surge in the stock price in nearly 12 years.

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TKN executives came out to dismiss the report.

Koosoon Rattanaporn, TKN’s Chief Financial Officer, denied that the company

has made any deal with Pepsi and said he had no idea why TKN share prices

shot up yesterday.

The Stock Exchange of Thailand has already put TKN on Cash Balance list,

which means that the active trading of the shares are likely to be only for

clients who have the cash and those trading on margins will not be able to trade

the shares.

5-years performance of TKN shares

The Finance Ministry came out to defend Khunying Sudarat Keyuraphan’s Facebook

criticism that the government failed to provide ample assistance for small and medium-

sized enterprises (SMEs) by pointing to various measures to support struggling firms.

Sudarat, a veteran politician known for her affiliation with the defunct Thai Rak

Thai Party and a former Pheu Thai Party chief strategist, posted on her Facebook

Page 6: October 8, 2020 Thai Enquirer Summary · to acquire TKN shares to form a business alliance with TKN. The news drove TKN shares to rise on bargain-hunting. TKN shares jumped to the

page, urging the government to respond to the plight of SMEs, saying that they

are at risk of shutting down because of low liquidity and weak consumer

spending.

Sudarat called for the government to proceed with debt restructuring, reduce loan

guarantee conditions for SMEs, expand the Thai Credit Guarantee Corporation’s

(TCG) credit guarantee for SMEs to 50-75 per cent and establish an SME fund

managed by the private sector.

In response, the Ministry said it already provided a 6-month suspension of

repayment of principal and interest for firms whose credit limit does not exceed

100 million baht as of December 31, 2019 and some 57 billion baht worth of loan

guarantees provided by Thai Credit Guarantee Corporation (TCG) for SMEs

qualifying under the central bank’s soft loan scheme.

Political News

The fate of 64 parliamentarians facing eligibility reviews by the Constitutional Court over

media-shareholding cases hangs in balance as the Court is set to rule in the cases by

October 28.

The court announced yesterday (October 7) that it will rule by October 28

whether 32 MPs from the opposition parties and 32 MPs from the ruling coalition

are guilty of breaching the charter’s rule on holding shares in media firms.

Of the 32 MPs from the ruling coalition, 21 are from the Phalang Pracharat Party

(PPRP) and 8 from the Democrat Party.

Of the 32 MPs from the opposition, 20 are from the Move Forward Party and 4

from the Pheu Thai Party.

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On protest news, there are reports that residents of red-shirt villages have announced

stance against the upcoming anti-government rally scheduled for October 14.

The planned major rally led by pro-democracy students would not receive support

from red shirt villages in 20 northeast provinces as the red shirt villages uphold

the democratic system and the monarchy, announced Anon Saennan, secretary of

the Udon Thani red-shirt movement and former president of red shirt villages in

20 provinces in the northeast.

Anon declared the group’s stance against anti-monarchy movement and its

principle to defend the Monarchy. He said his group has never planned to join the

protest planned for October 14.

Meanwhile, the “Thammasat Phitaktham Group” comprising around 100 former

students demanded student activists to stop carrying out its anti-monarchy

movement under the University’s name.

The group will hold a press conference tomorrow (October 9) at Ibis Styles

Bangkok Khaosan Viengtai and submit a letter to the University Rector at 14.00

hrs.

Speaking while joining the 12th

anniversary of the police crackdown on yellow-

shirt People’s Alliance for Democracy (PAD) protesters in front of parliament on

Oct 7, 2008, Pichai Rattanadilok Na Phuket, a political science lecturer at the

National Institute of Development Administration (Nida), said he did not believe

that the planned student-led rally on October 14 will be a prolonged one because

younger-generation protesters are not as tough as PAD or United front for

Democracy against Dictatorship (UDD) supporters.

Pichai warned that the student-led rally is likely to escalate but said thatd the

scope of the rally will expand larger than previous ones if senators decide to vote

Page 8: October 8, 2020 Thai Enquirer Summary · to acquire TKN shares to form a business alliance with TKN. The news drove TKN shares to rise on bargain-hunting. TKN shares jumped to the

against charter amendments. He predicted that the government’s failure to keep its

pledge for charter amendments will provoke the Democrat and Bhumjai Thai

parties to withdraw from the coalition, causing the government’s stability to

weaken.

The Constitutional Court was criticised by opposition party members for ruling in favour

of embattled Prime Minister Gen Prayut Chan-o-cha.

The Charter Court ruled unanimously against the Lower House’s and the Senate’s

procedures to issue summonses. The court said the summonses issued by both

Houses violated the constitution.

The Court’s ruling was a result of the Office of the Ombudsman’s request for it to

ask the Court to rule whether recent summonses issued by the Sereepisuth

Temeeyaves led House committee on corruption violated the charter. The

summonses in question were issued for Prime Minister Prayut Chan-o-cha. The

House committee on corruption pressed Gen Prayut to clarify why he failed to

complete reciting the oath of office in July and issues regarding the 2020 budget.

The Court said the summonses violated Section 129 of charter relating to Lower

House and Senate procedures allowing it to do so.

Following the court’s decision, Kao Klai (Mover Forward) Party list MP

Rangsiman Rome came out to criticise the court’s ruling. Rangsiman said the

ruling had made the House be only a “paper tiger”.

The Move Forward MP went on to complain that the ruling is not in favour of the

Lower House because House committees have been granted little power under the

present constitution to carry out their duties.

The eager moves of political groups to register new parties were seen amid uncertainty

over the opposition camp’s charter amendments and a lack of clarity over the call for a

Page 9: October 8, 2020 Thai Enquirer Summary · to acquire TKN shares to form a business alliance with TKN. The news drove TKN shares to rise on bargain-hunting. TKN shares jumped to the

new constitutional drafting committee (CDC) to be set up to pave the way for charter

amendments and changes to the current single-ballot system of elections specified by the

current charter.

Among these is Panatchakorn Tulanont who plans to register a new party called

“Ruam Thai Sang Chart” (Gather Thai Build Nation) Party. It is noted that the

group may have links with some groups of politicians who have left the Phalang

Pracharat Party.

Another party is expected to be formed is called the “Pheu Prachachon” (For the

People) Party with a party meeting set to be held at 10.09 hrs on October 9 to

select the party leader and executive committee. Reports have come out that

Preecha Rengsomboonsuk, former environment minister under the Pheu Thai

government and former Loei MP, will be invited to head the party; former Thai

Rak Thai MP for Roi Et Ekkapap Pholsue is tipped to become party secretary-

general.

The party focuses on campaigning in the upper eastern region. It will be

interesting to see this party’s policy direction.

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Meanwhile, the Phalang Pracharat Party (PPRP), the core of the coalition government, is

gearing up for local elections. The party is planning to hold a party meeting at 16.00 hrs

today (October 8) at Amari Watergate Hotel to discuss plan to field candidates

nationwide in coming local elections.

Deputy Prime Minister Gen Prawit Wongsuwan as PPRP leader will hold talks

with heads of the 10 regions along with key members like Santi Promphat and the

party’s deputy leader Thammanat Prompao to lay out a strategy to recruit

candidates.

Gen Prawit came out to say that the party’s readiness for local elections is out of

question because the PPRP is confident in its ability to contest local polls.

However, when asked about how many seats the PPRP expects to win in local

polls, Gen Prawit refused to talk about any expectations and said he is not sure if

the party will field candidates to run in all provinces.

Meanwhile, Chaiwut Thanakamanusorn, a member of the House committee

studying the amendment motions, came out to say that local elections, expected to

be around the end of the year, may be put off if a referendum on charter changes

is to be conducted at the same time.

Chaiwut warned that a referendum could present a complication for nationwide

local elections to be held for the first time since the May 2014 coup.

Deputy Interior Minister Niphon Bunyamaneewas has been found guilty by the National

Anti-Corruption Commission (NACC) for his refusal to pay Ponlavit Tech Plus Co 50.8

million baht for repairing 2 multi-purpose vehicles belonging to Songkhla provincial

administrative organisation (PAO) when serving as its president in 2013.

He was found guilty by the anti-graft body under Section 157 of the Criminal

Code, and abused his power under the Anti-Corruption Act, raising the possibility

that he will be forced to halt his duties as a deputy interior minister.

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The troubled minister was adamant that there was price collusion in the bidding

process that prevented him from following the contract with the private company.

The NACC’s probe team, however, did not find any evidence of price collusion,

as alleged, and found Niphon to be in violation of Section 157 of the Criminal

Code, according to NACC spokesman Niwatchai Kasemmongkol who told the

media during a news conference yesterday.

The NACC’s findings will be submitted to the Office of the Attorney-General,

who will consider taking the case to the Supreme Court’s Criminal Division for

Holders of Political Posts.

General News

Thailand confirmed 15 new COVID-19 cases, all quarantined arrivals from Bangladesh,

Hong Kong, India, Myanmar, South Sudan and the United States. The new infections

raised the total to 3,615, with total deaths remaining at 59, according to the Centre for

Covid-19 Situation Administration (CCSA).

The National Anti-Corruption Commission (NACC) plans to re-investigate the police's

mishandling of the 2012 hit-and-run case involving Vorayuth "Boss" Yoovidhya after

receiving a copy of an independent committee's report.

The public prosecutors' decision to drop criminal charges against Mr Vorayuth

was blamed mainly on a botched police investigation and the report submitted to

them by officers.

Niwatchai Kasemmongkol, deputy secretary-general of the NACC, confirmed on

Wednesday that he had received a copy of the Public Sector Anti-Corruption

Commission's report and the NACC would compare the new report's findings

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with its own plus the accounts of several police officers involved in the high-

profile case.

Police on Wednesday uncovered new links between Suriya Saengphong, director of the

Zoological Park Organisation of Thailand (ZPOT), and his killer Puwadol Suwanna, a

senior veterinarian and head of conservation, research and animal health division at

Songkhla Zoo.

Suriya, who was at the zoo investigating the case of two missing rare albino

barking deer, was shot down on Saturday, and Puwadol was found dead shortly

after in his home on the zoo’s premises. Police said the connection between the

two men can be traced back to September 5, 2018, when Puwadol among those

who accused Suriya of corruption.

Suriya was accused over 21 issues, including building an ocean park without

considering animal welfare and the disappearance of animals from Khao Kheow

Zoo when it was under Suriya’s jurisdiction.

He was also accused of arranging deals that benefited the company he owned

secretly, and attacking wildlife organisations that did not take his side.

Police also said Suriya had ordered some zoos to stop producing animal feed and

arranged for it to be bought from his friends.

On the global front

A week into US President Donald Trump’s COVID infection the US President is

back to normal and has come out to say that the medication he was administered

would now be widely made available to everyone in the United States.

He also added that it was ‘a China virus’ and that ‘China would pay a price for

this move’

VDO link to the recently released statement by Trump

https://twitter.com/i/status/1313959702104023047

Political News Headlines in Thai Media

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Mass killing, rape, burning villages, inflammatory rhetoric, and impunity, it is the

relentless cycle that plagues Myanmar’s ethnic Rohingya minority. It is systematic and

unrelenting and has continued unabated for the past few years. But with COVID-19, the

world seems to have all but forgotten about one of the most persecuted groups in the

world.

o Link- https://www.thaienquirer.com/19438/opinion-international-law-cannot-prevent-

the-rohingya-genocide-because-it-was-not-designed-to/

The Constitutional Court is set to rule on a case which could see up to 64

parliamentarians have their MP status revoked because of media shareholding.

o Link- https://www.thaienquirer.com/19431/court-to-rule-whether-64-mps-will-lose-

their-mp-status-for-owning-shares-in-media-companies/

On August 15, 2012, Abe Shinzo was persuaded to run for the Japanese premiership. It

was not the first time he had done so; he had already served as prime minister in 2006,

only to resign ignominiously a year later after losing public support and suffering from a

digestive ailment.

o Link- https://www.thaienquirer.com/19384/what-a-suga-premiership-means-for-

japan-the-broader-region-and-thailand/

I read Cod Satrusayang’s piece ‘Is it time for the students to be more politically savvy’

with great interest. (Read more here) Centrist in orientation, the article presents a soft,

pragmatist view on the current political situation in Thailand. In particular, it seeks to

offer a dovish approach to youth-led political reform during these uncertain times.

o Link- https://www.thaienquirer.com/19387/opinion-a-rebuke-to-cod-satrusayangs-

call-for-the-youth-to-be-less-radical/

Thailand’s government on Wednesday said that it had discovered 15 new case of

coronavirus in the last 24 hours.

o Link- https://www.thaienquirer.com/19405/thailand-discovers-15-new-case-of-

coronavirus-in-state-quarantine-on-wednesday/

The government wants to improve the content taught in history classes and bring the

lessons up to date, Deputy Prime Minister Wissanu Krea-ngam said on Wednesday.

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o Link-

https://www.nationthailand.com/news/30395772?utm_source=category&utm_mediu

m=internal_referral

Economic News Headlines in Thai Media

Group Lease Plc (GL), once one of the country’s leading leasing companies, scored a

mild victory in its ongoing court battle with J. Trust Asia Pte. Ltd (JTA) after the Court

of Appeal in Singapore granted J. Trust a victory for part of the claims the firm made

against GL.

o Link- https://www.thaienquirer.com/19422/group-lease-shares-dip-slightly-as-the-

firm-scores-mild-victory-after-being-asked-to-pay-2-billion-baht-to-j-trust/

The economy is expected to go into recession with a GDP contraction of at least 7-9 per

cent based on the expectation that exports will drop by 8-10 per cent, the Joint Standing

Committee on Commerce, Industry and Banking (JSCCIB) said on Wednesday.

o Link- https://www.thaienquirer.com/19418/the-private-sector-has-improved-outlook-

on-exports-but-still-wary-about-npls-says-the-jsccib/

Foreign tourists will be allowed to visit some beaches in Phuket after October 25, Prime

Minister Prayut Chan-ocha said on Wednesday.

o Link- https://www.thaienquirer.com/19412/more-groups-of-stv-holders-will-only-be-

allowed-to-enter-phukets-beaches-after-october-25-pm-says/

Shares of Aeon Thana Sinsap Plc (AEONTS) rose by nearly 7 per cent in early tradIng

today after the company reported better than expected earnings to the Stock Exchange of

Thailand (SET).

o Link- https://www.thaienquirer.com/19396/aeonts-shares-surge-after-it-reports-

better-than-expected-q2-earnings/

Shares of Thai Union Group (TU), the seafood processing giant, traded as one of the

most active stocks on Wednesday morning after it announced a new venture of its

subsidiary Thai Union Ingredients Co., Ltd.

o Link- https://www.thaienquirer.com/19407/thai-union-shares-rise-in-active-trade-as-

margins-rise-and-firm-invests-in-new-innovation-to-capture-future-growth/

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So far the year of Rat (2020) has been one for the history books. It is a year that our

children and grand-children will talk about in the same way that we do when we talk

about the Spanish Flu in 1918.

o Link- https://www.thaienquirer.com/19382/domestic-and-international-factors-that-

could-affect-the-economy-as-2020-winds-down/

The budget for the 2021 fiscal year has been approved by His Majesty the King.

o Link- https://www.bangkokpost.com/thailand/politics/1998287/king-endorses-

budget-for-fiscal-year-2021

The government will offer tax incentives to boost domestic consumption and revive an

economy stumbling from the impact of the coronavirus pandemic, an official said on

Wednesday.

o Link- https://www.bangkokpost.com/business/1998275/govt-to-offer-tax-incentives-

to-boost-consumption

The Eastern Economic Corridor Office (EECO) board chaired by Prime Minister Prayut

Chan-o-cha has approved a study into linking Laem Chabang Port with international

cities under three projects, EECO secretary-general Kanit Sangsubhan said on

Wednesday.

o Link-

https://www.nationthailand.com/business/30395773?utm_source=category&utm_me

dium=internal_referral

The National Broadcasting and Telecommunications Commission (NBTC) will hold a

public hearing on the high amounts mobile phone users pay for pre-paid services, though

experts say the new rates are just as high.

o Link-

https://www.nationthailand.com/news/30395779?utm_source=category&utm_mediu

m=internal_referral

More than Bt1 billion flowed into global healthcare equity funds as they gained positive

sentiment from news of a Covid-19 vaccine.

o Link-

https://www.nationthailand.com/business/30395765?utm_source=category&utm_me

dium=internal_referral

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Since October 5, the Bangkok Mass Transit System (BTS) has been testing train

operations at seven new stations of the Green Line’s northern extension section from

Phahon Yothin 59 to Khu Khot stations, chief executive officer Surapong Laoha-Unya

said.

o Link-

https://www.nationthailand.com/news/30395767?utm_source=category&utm_mediu

m=internal_referral

Gulf Energy Development (GULF) became the second-largest shareholder of Intouch

Holdings (INTUCH) after securing a 10-per-cent stake in the company.

o Link-

https://www.nationthailand.com/business/30395781?utm_source=category&utm_me

dium=internal_referral

The Public Health Ministry has proposed that the mandatory quarantine period for

tourists be reduced from 14 to 10 days and will soon ask the Centre for Covid-19

Situation Administration (CCSA) to alter the requirement accordingly.

o Link- https://www.bangkokpost.com/thailand/general/1998347/health-ministry-

wants-to-cut-quarantine-period

A majority of people disagree with reopening the country to foreign tourists for fear of a

second wave of Covid-19, according to an opinion survey by the National Institute of

Development Administration, or Nida Poll.

o Link- https://www.bangkokpost.com/thailand/general/1998107/poll-majority-

disagree-with-reopening-country-to-tourists

Thailand's economy will face a daunting recovery trajectory if tourism does not improve,

as economic growth is tied directly and indirectly to foreign tourist arrivals, says Fitch

Ratings.

o Link- https://www.bangkokpost.com/business/1998455/fitch-warns-of-steep-path-

without-tourists

Business leaders are urging an extension of credit guarantees provided to small and

medium-sized enterprises (SMEs) under the 500-billion-baht soft loan scheme, expanding

from two years to 10 years to assist them.

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o Link- https://www.bangkokpost.com/business/1998435/credit-guarantee-extension-

urged

Cross-border trade, including transit trade, fell by 7.42% year-on-year in the first eight

months, mainly attributed to the impact of the pandemic and a slowing economy.

o Link- https://www.bangkokpost.com/business/1998511/cross-border-shipments-dip-

7-42-in-first-8-months

PTT Plc, the national oil and gas conglomerate, expects its domestic and international oil

trade will return to pre-Covid-19 volumes next year, as it recorded 1.4 million barrels of

oil equivalent per day in 2019, with a decline of 8-10% predicted for this year attributed

to the pandemic.

o Link- https://www.bangkokpost.com/business/1998507/ptt-expects-trade-to-return-to-

pre-covid-level-in-2021

Issues to be watched out for

October, 2020 – The bidding for construction and operation for the 140-billion-baht

Orange Line western extension linking the Thailand Cultural Centre with Bang Khun

Non.

October 2020 – The Trade Competition Commission is set to rule on CP’s acquisition of

Tesco Lotus’s Asia business in a deal worth US$10.6 billion.

October, 2020 – The Thailand Grand Prix was rescheduled after being postponed due to

the coronavirus outbreak.

October 8, 2020 – Thailand is set to receive first batch of foreign tourists issued with the

Special Tourist Visa (STV) scheme.

October 12, 2020 – Deadline for applications for the RECO Young Designer Competition

hosted by Indorama Ventures Plc (IVL).

October 14, 2020 – A major anti-government rally by various groups led by the

Democracy Restoration Group (DRG) at Democracy Monument. The same day marks the

anniversary of the 1973 student uprising.

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October 16, 2020 – Registration for the 3-month economic stimulus package called “Khon

La Khrueng” (Let’s Go Halves) will open for some 10 million Thai nationals over the age

of 18 through the www. คนละครึ่ง.com website.

October 21, 2020 – The House committee assigned to study charter amendment bills is

expected to complete its study and submit its report to parliament on the next day.

October 23 -December 31, 2020 – 14 million welfare cardholders will receive an extra

monthly discount of 500 baht on their shopping under the government’s economic

stimulus package.

October 27, 2020 – The Central Bankruptcy Court is set for first hearings for Nok Airlines

regarding the rehabilitation process.

November 1, 2020 – The second batch of 120 foreign tourists issued with the Special

Tourist Visa (STV) scheme from Scandinavian and Schengen countries on a Thai Airways

International (THAI) flight and land at Suvarnabhumi Airport.

November 1, 2020 – The next parliamentary session will begin.

December 2020 – The Federation of Thai Industries (FTI)’s “Faster Payment” scheme to

increase liquidity for small and medium-sized enterprises (SMEs) during the pandemic is

set to end.

December 20, 2020 – Tentative date for elections of Provincial Administrative

Organizations (PAOs) in 76 provinces.

February 28, 2021 – Tentative date for municipality elections and the election of tambon

administrative organisations (TAOs).

April, 2021 – The central bank plans to officially implement the new rule on the rate of

penalty imposed on loan defaulters in a bid to ease borrowers’ burdens and motivate them

to repay their debts.

Key Data

SET Index 1,263.71 +13.56

Link - https://www.set.or.th/en/company/ipo/upcoming_ipo_set.html

Global Commodities

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Metal -Link http://www.bloomberg.com/markets/commodities/futures/metals/

Energy -Link - http://www.bloomberg.com/energy/

Baltic Dry Index (BDI)-Link - http://www.bloomberg.com/quote/BDIY:IND

Global Equity Market’s Movements

Link - http://www.bloomberg.com/markets/stocks/world-indexes/asia-pacific/

Asian Equity Markets Movement

Link - http://www.bloomberg.com/markets/stocks/world-indexes/

Information on October 7, 2020

Buying, Selling or Transfer of shares by Owners/Management

Stock Code Volume Value Action

AIMIRT 20,000 13 Purchase

CCET 496,000 2.3 Purchase

CHG 200,000 2.41 Purchase

CKP 1,700,000 4.84 Purchase

CKP 1,300,000 4.86 Purchase

COMAN 80,000 2.46 Sale

COMAN 600 2.28 Purchase

COMAN 80,500 2.24 Purchase

CPW 100,000 2.53 Sale

EP 102,600 3.83 Purchase

FTE 10,000 1.62 Sale

SUTHA 100 3.12 Purchase

SUTHA 10,000 3.14 Purchase

SUTHA 10,000 3.16 Purchase

LPH 20,000 4.26 Purchase

PSH 5,000 10.6 Purchase

RCL 750,000 5.58 Purchase

TITLE 3,000,000 - Transfer

TITLE 3,000,000 - Transfer

S11 7,579 6.2 Purchase

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SSP 2,800 7.1 Purchase

SSP 7,200 7.05 Purchase

STGT 8,000 87.75 Purchase

STGT 20,000 87 Purchase

SCM 5,000 2.8 Sale

TSTE 3,000 6.85 Purchase

TSR 10,000 4.04 Purchase

TSR 5,000 3.98 Sale

TSR 10,000 3.98 Purchase

TSR 15,000 4.04 Sale

UTP 50,000 14.9 Sale

UTP 50,000 15 Sale

KUN 150,500 0.91 Purchase

XD, XE or XM or other notifications

For list of Companies that have dividend payment and AGM meeting schedules click on

http://www.set.or.th/set/calendarofevents.do

Trading Breakdown on the Stock Exchange of Thailand

Daily as of 7 Oct 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 5,890.62 11.26 5,543.14 10.6 347.48 -

Proprietary

Trading

7,749.84 14.81 7,021.61 13.42 728.22 -

Foreign Investors 17,938.61 34.29 19,055.66 36.43 -1,117.05 -

Local Individuals 20,733.52 39.63 20,692.18 39.55 41.34 -

Monthly Cumulative between 1 - 7 Oct 2020

Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 27,486.51 11.11 24,792.91 10.02 2,693.60 -

Proprietary

Trading

30,648.64 12.39 30,428.22 12.3 220.41 -

Foreign Investors 83,081.54 33.58 89,140.75 36.03 -6,059.21 -

Local Individuals 106,214.17 42.93 103,068.98 41.66 3,145.19 -

Yearly Cumulative since 1 Jan - 7 Oct 2020

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Unit: M.Baht

Investor Type Buy Sell Net

Value % Value % Value %

Local Institutions 1,295,283.65 10.93 1,224,417.71 10.33 70,865.94 -

Proprietary

Trading

1,235,782.14 10.43 1,233,250.54 10.41 2,531.60 -

Foreign Investors 4,162,187.73 35.13 4,445,920.93 37.52 -

283,733.20

-

Local Individuals 5,155,287.23 43.51 4,944,951.58 41.73 210,335.66 -

Total Trading Value 52,312.58 Million Baht

Background Information –  

The strength of each party in the Thai Parliament as of May 8, 2019 as per the report by the

Election Commission of Thailand. Elections took place on March 24, 2019

https://www.ect.go.th/ect_th/news_all.php?cid=24

List of MPs - https://www.ect.go.th/ect_th/download/article/article_20190508184334.pdf

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the prior written permission. The opinions expressed are only those of the writer’s and is analysed based on the

situation.