Thai Stock Market Roundup on January 21, 2021
A short summary to inform investors of what had happened in the Thai stock market on January 21, 2021.
– SET Index closed at 1,513.51 points, decreased 2.21 points or 0.15% with a trading value of 99 billion baht. The analyst stated that the Thai stock market faced a profit-taking session in mid and small-cap stocks, turning the focus on big-cap stocks such as the banking sector, instead.
The analyst advised investors to monitor the earnings announcement from listed companies and the relaxation measures on the restriction to curb Covid-19 spreading.
In addition, the analyst expected that in a short-term outlook, the market to rebase from profit-taking, but the overall outlook remained the same, giving a support level at 1,500-1490 points and a resistance level at 1,527 points.
– The combination of 1.7 billion baht of net buy from Local Institutions, Proprietary Trading and Foreign Investors failed to prevent the selloff pressure from Individual Investors that plunged SET Index by 2.21 points.
– World Bank projected Thai GDP in 2021 to rebound to 4%, but the outlook remained uncertain.
– Biden halted Trump’s departure plan from WHO.
– KBANK’s 2020 earnings dropped nearly 24% after setting high provision amid Covid-19 outbreak.
– BAY recorded 2020 earnings at 23 billion baht, decreased 30%.
– Higher provision amid economic uncertainty dropped CIMBT’s 2020 earnings by 36%.
– PTT expected oil price to stabilize at $50 despite Biden’s renewable-energy campaign.
– TRUBB estimated 2021 revenue to increase more than 10%, while expecting to list “World Flex” in the Market of Alternative Investment (mai) this year.
– INSET projected 20% growth in 2021, moving forward to bid for data center and 5G-related projects.
– AOT extended Covid-19 relief package for concessionaires and airlines for another six months.
– ATP30 increased its capital by 65 million shares in a private placement method to Toyota Tsusho (Thailand) to further Smart Mobility business.
– EA expected 20% growth in 2021, raising revenue distribution from EV business to 20%.
– KGI expected higher 4Q20 earnings from TACC, giving “OP” rating with Bt8.00 target price.
– Stocks in Focus on January 21, 2021: HANA (Maybank Kim Eng TP at ฿55.00/share) and TMB (KGI Securities TP at ฿1.53/share).
Top 10 Most Impact Shares on January 21, 2021
