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MarketScreener Homepage  >  Equities  >  Stock Exchange of Thailand  >  PTT    PTT   TH0646010Z00

PTT

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Southeast Asian markets collapse as virus grips markets; Thailand, Singapore sink

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02/28/2020 | 08:43am EDT
FILE PHOTO: A Thai investor reads a newspaper in front of an electronic board displaying live market data at a stock broker's office in Bangkok, Thailand

Southeast Asian stock markets dived on Friday and Thailand's stocks recorded their worst week since the 2008 financial crisis, as the fast-spreading coronavirus raised fears of a global economic crisis.

Countries on three continents reported their first cases of the coronavirus on Friday as the world prepared for a pandemic and investors dumped equities.

The Thai benchmark was the worst hit in the region, shedding 3.9%, with heavyweights PTT PCL sliding 6.6% and Airports of Thailand down 4.8%.

Thailand's central bank said a prolonged outbreak may see economic growth of less than 1% in 2020. Last year, the economy grew 2.4%, which was its slowest rate in five years.

Stock markets in Singapore and the Philippines recorded their worst weeks since 2011, down 3.2% and 2.6%, respectively.

In Singapore, banking majors DBS Group Holdings fell 2.9% and Oversea-Chinese Banking Corporation 2.8%.

Malaysian stocks posted their worst weekly drop since 2015, further pressured by days of political turmoil after the surprise resignation of the prime minister.

The royal palace rejected on Friday Mahathir Mohamad's plan for a vote to choose a new prime minister.

The Bank Negara Malaysia is also expected to cut its benchmark interest rate at a policy review on Tuesday, a Reuters poll showed.

Indonesian shares posted their worst monthly fall since 2013, while the rupiah marked its steepest decline in more than eight years, prompting the central bank to intervene in the spot market.

However, shares recovered from sharp losses earlier in the session to close 1.5% lower.

Siantar Top TBK slumped 20%, while Mega Perintis tumbled to a record low.

(This story adds dropped article in lede.)

By Pranav A K

Stocks mentioned in the article
ChangeLast1st jan.
DBS GROUP HOLDINGS LTD -2.66% 17.92 End-of-day quote.-2.77%
OVERSEA-CHINESE BANKING CORPORATION LIMITED -2.90% 8.38 End-of-day quote.-2.56%
PT MEGA PERINTIS TBK 0.47% 428 End-of-day quote.0.94%
PT SIANTAR TOP TBK 16.51% 9525 End-of-day quote.-2.81%
PTT 5.19% 35.5 End-of-day quote.0.00%
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Financials (THB)
Sales 2020 1 949 B
EBIT 2020 141 B
Net income 2020 75 891 M
Debt 2020 348 B
Yield 2020 4,16%
P/E ratio 2020 13,0x
P/E ratio 2021 11,7x
EV / Sales2020 0,67x
EV / Sales2021 0,62x
Capitalization 964 B
Chart PTT
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PTT Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 39,99  THB
Last Close Price 35,50  THB
Spread / Highest target 69,0%
Spread / Average Target 12,6%
Spread / Lowest Target -29,6%
EPS Revisions
Managers
NameTitle
Chansin Treenuchagron President, CEO, Secretary & Director
Krairit Euchukanonchai Chairman
Auttapol Rerkpiboon COO-Downstream Petroleum Business Group
Pannalin Mahawongtikul Chief Financial Officer
Supattanapong Punmeechaow Director
Sector and Competitors
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PTT0.00%26 847
EXXON MOBIL CORPORATION-43.81%160 696
RELIANCE INDUSTRIES LTD-5.02%87 657
BP PLC-28.48%86 123
CHINA PETROLEUM & CHEMICAL CORPORATION-3.44%72 348
NESTE OYJ-9.74%26 031