Thai Stock Market Roundup on January 26, 2021
A short summary to inform investors of what had happened in the Thai stock market on January 26, 2021.
– SET Index closed at 1,512.83 points, increased 11.21 points or 0.75% with a target price at 87.8 billion baht. The analyst stated that the Thai stock market rebound strongly amid mostly negative sessions in regional markets as the analyst expected the liquidity to be drawn back to the Chinese market after the valuation of assets rose higher to the point that might create an economic bubble.
As for the Thai stock market, the portfolio adjustment for OR has been eased after a few days of subscriptions, and the buying pressure should return to the market.
In addition, the analyst advised investors to monitor the earnings announcement and anticipation of Covid-19 restriction easing, giving a support level at 1,490-1,500 points and a resistance level at 1,515-1,520 points.
– Individuals continued to buoy the market with a net buy of 2,494 million baht, followed by a net buy of 1,361 million baht from the Proprietary Trading, pushing SET Index to close higher by 11.21 points.
– CPF extended the 30-day credit program in wake of new COVID-19 infections.
– Global Covid-19 cases topped 100 million, while the U.S. remained the most worst-hit country.
– UAC projected a 10% increase in 2021 revenue in response to a recovery in consumer activity.
– Analyst expected SINGER to report an increase of 186% in 4Q20 profit, recommending “BUY” at a target price of ฿30.00/share.
– Credit Suisse saw a limited impact on BTS regarding a delay in Pink-Yellow Lines, while maintaining a target price at ฿12.00/share.
– Analysts gave a “BUY” recommendation on TU with a target price as high as ฿19.00/share, estimating 4Q20 earnings to come in at 1,230-1,420 million baht, an increase of 16-18%.
– SCGP’s 2020 earnings jumped 22% to ฿6.4Bn as IPC grew and offered a dividend of Bt0.45/share.
– Credit Suisse maintained an “Outperform” rating on MAJOR, seeing limited risk from the streaming platform.
– Stocks in Focus on January 26, 2021: XO (KTB Securities TP at ฿16.00/share) and PRM (Krungsri Securities TP at ฿13.20/share).
Top 10 Most Impact Shares on January 26, 2021
