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SET Index closed at 1,330.11 points, increased 9.20 points or 0.70% with a trading value of 50.8 billion baht. The analyst stated that the Thai stock market closed higher after being supported by a buying pressure from the banking sector in hopes of the new stress test that could allow the bank to issue a dividend payment again.
Meanwhile, AWS expected a loss in Red Lobster earnings outlook about Bt200-300mn from the reopening of the country. Also, the gross profit margin in 3Q20 slightly dropped QoQ on the back of higher frozen seafood which has lower profit margins than processed seafood so that in 9M20F, the earnings accounted for 88% of the forecast.
Meanwhile, AWS expected a loss in Red Lobster earnings outlook about Bt200-300mn from the reopening of the country. Also, the gross profit margin in 3Q20 slightly dropped QoQ on the back of higher frozen seafood which has lower profit margins than processed seafood so that in 9M20F, the earnings accounted for 88% of the forecast.
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