Thai Stock Market Roundup on March 4, 2021

– SET Index closed at 1,534.11 points, decreased 9.29 points or 0.60% with a trading value of 108 billion baht. The analyst stated that the Thai stock market declined in the same direction as regional markets on a profit-taking after a sharp spike yesterday.

The analyst advised investors to keep an eye on the OPEC+ meeting tonight, giving a support level at 1,525 points and a resistance level at 1,550 points.

– Local Institutions and Proprietary Trading combined a 1.5 billion baht selloff in a profit-taking session to plunge SET by 9 points.

– Analysts expected solid growth in MTC’s hire-purchasing business in 2021, giving a target price as high as Bt85.00/share.

– TU established “Thai Union Lifescience” to produce-distribute supplement products. Meanwhile, the company also joined The Nature Conservancy around a game-changing transparency pledge.

– VGI invested ฿36Mn to acquire “Asia Direct Insurance Broker” to expand income and customer base.

– IMH acquired 100% stake in “Prochapat Hospital” to strengthen income growth.

– Analysts expected NOBLE to pay a high dividend yield at 10.4% in 2021, recommending “BUY” at a target [rice of Bt9.90/share.

– BPP stated that the 1,000MW gas-fired power plant deal in the U.S. is close to completion.

– RBF expected 12% growth in 2021 on food-ingredients business and effective cost management.

– ICHI projected 26% growth in 26% as terpene-infused beverage expected to launch in April.

– MINT expected to rebound in 2021 amid tourism recovery, while revealing ฿25Bn cash on hand.

– BAFS inked the deal to acquire 7 power plants to strengthen its portfolio, while PDI booked ฿1.7Bn from the transaction.

– Stocks in Focus on March 4, 2021: BDMS (KGI Securities TP at ฿26.30/share) and SAWAD (Maybank Kim Eng TP at ฿84.00/share).

 

Top 10 Most Impact Shares on March 4, 2021