An investor monitors share prices of SET-listed companies at a securities firm. (Photo by Pornprom Satrabhaya)Aggregate net profit of SET-listed companies likely fell by 40-50% year-on-year to 80-90 billion baht in the second quarter after lockdown measures crippled economic activity, analysts say. The banking sector and some listed firms have already announced their second-quarter operating results, posting an aggregate net profit of 41.2 billion baht. First-half net profit represents about 35% of full-year net profit. Apichat Poobunjirdkul, senior strategist at Tisco Securities, said 133 SET-listed firms under the securities house's coverage, representing 76% of total market capitalisation, will likely announce a 49% year-on-year drop in net profit.

Source: Bangkok Post August 04, 2020 23:37 UTC