Thai Stock Market Roundup on April 5, 2021

– SET Index closed at 1,579.66 points, decreased 16.61 points or 1.04% with a trading value of 81.5 billion baht. The analyst stated that the Thai stock market slowed down after being unable to surpass the 1,600 points last Friday, while the Easter Holiday in many countries resulted in a lack of buying pressure.

The Thai market was also pressured by a holiday tomorrow and concerns over a new Covid-19 cluster in Thonglor area, Bangkok.

The analyst expected trading volume to return to normal on Wednesday, but without positive factors, the index might not be able to gain much.

In addition, the analyst gave a support level for the session on Wednesday at 1,572 points and a resistance level at 1,595 points.

– Local Institutions, Foreign Investors and Proprietary Trading plunged SET Index by 16 points with over 4,050 million baht selloff.

– JWD dissolved JWDAL (Lao) to reduce administrative costs with no impact on operations.

– The analyst gave a “Speculative-Buy” rating on RBF at Bt21 on the CBD business in 2022.

– Tris Rating rated PTG, BBB+, reflecting strong business and being able to maintain the market share as number two in Thailand.

– The analyst expected SIS’s earnings to grow continuously throughout 2021, recommended “BUY” at ฿30.00/share.

– THG signed an MOU with “Chula University” to develop hemp products for medical usage.

– GUNKUL targeted revenue of ฿20Bn with a strategic plan to enter SET50 in 5 years.

– EPG jumped 8% in response to a robust growth forecast and automotive recovery.

– The analyst expected ADVANC’s prepaid segment to recover upon country reopening.

– XO rose 7%. The analyst recommended “BUY” with a target price of ฿15 on 25% earnings growth forecast in 2021.

– Stocks in Focus on April 5, 2021: ORI (KTB Securities TP at ฿10.00/share) and ECL (KGI Securities TP at ฿2.14/share).

 

Top 10 Most Impact Shares on April 5, 2021

 

Top Movers in SET Index on April 5, 2021, (Sectors)