Thai Stock Market Roundup on March 22, 2021

– SET Index closed at 1,566.36 points, increased 2.40 points or 0.15% with a trading value of 76.5 billion baht. The analyst stated that the Thai stock market was stronger than expected after being able to close higher and above the 1,560 support level without any positive drivers.

The analyst advised investors to keep an eye on Thailand’s Monetary Policy Committee meeting on March 24, 2021, while expecting the market to move sideways with a support level at 1,560-1,555 points and a resistance level at 1,570-1,585 points.

– A 1.9 billion baht of net buy from Foreign Investors buoyed SET Index by 2.40 points.

– AstraZeneca has shown 79% efficacy in preventing symptomatic illness in the U.S. trial with no increased risk of blood clots and 100% efficacy against severe or critical disease and hospitalization.

– PACO closed 184% higher at ฿3.98 on its first trading day with a ฿3.1Bn trading value.

– RATCH rose 3% at Bt52.25 after the announcement of the commercialization of 214.2MW “Yandin Wind Farm” in Australia.

– TTA closed 29.41% higher at Bt13.20 in response to a higher freight rate that KTBST estimated to maintain at a higher level in the long term.

– CNS expected a weak baht to benefit CPF with positive momentum after breaking the Bt30.75 level.

– BANPU spiked nearly 9% to Bt12.20 after coal price reached a 2-year high! The analyst recommended “BUY” at Bt13.00 per share.

– JTS soared over 300% in March, “Puwapit Supamitchotima” lowered the holding stake to 4.9935%.

– DBSVS recommended strategic plays on stocks in the tourism sector in Thailand reopening in 4Q21.

– SONIC jumped 18.52% to an all-time high. The analyst recommended “BUY” at ฿3.5 on a 39% growth forecast.

– PTG expanded 2.5%. The analyst recommended “BUY” at ฿24.50 in hopes of bright earnings in 1Q21.

– Stocks in Focus on March 22, 2021: BANPU (Krungsri Securities TP at ฿13.00/share) and COM7 (KGI Securities TP at ฿72.00/share).

 

Top 10 Most Impact Shares on March 22, 2021