Thai Stock Market Roundup on May 20, 2021

– SET Index closed at 1,554.54 points, decreased 7.70 points or 0.49% with a trading value of 90 billion baht. The analyst stated that the Thai stock market today was fluctuate, so as the regional markets after the report of the U.S. Fed will lower the QE amount and discuss about the risk of inflation rate.

The earning seasons in Thailand had passed and now the market was waiting for a new catalyst amid concerns on the Covid-19 cases that continued to weigh down the market. In the meantime, small-cap stocks saw some buying pressure due to individual catalysts amid a selloff from foreign investors.

In addition, the analyst expected tomorrow’s session to have the same movement as today while waiting for new positive sentiment and monitor the development of Covid-19, giving a support level at 1,550 points and a resistance level at 1,570 points.

– Foreign Investors plunged SET Index with a 1.6 billion baht selloff.

– The share price of STEC and CK edged higher after winning two projects of double-track train Denchai-Chiang Rai-Chiang Khong Phase 2 and 3.

– PTT and NRF joined hands to establish a JV with an aim to operate an alternative protein business.

– CPF’s Sustainability Report 2020 won two awards from Asia Sustainability Reporting Awards (ASRA) – Gold class in Asia’ Best Workplace Reporting category and Bronze Class in Asia’s Best Supply Chain Reporting category.

– Analysts have given SAWAD a “BUY” recommendation since it is one of those companies that can generate a healthy profit and maintain growth amid the economic slowdown.

– TU, the world’s seafood leader, announced that it has acquired the remaining 49 percent of shares of Rügen Fisch AG (Rügen Fisch).

– DEMCO was awarded a contract by EGAT to supply and construction of Transmission Lines 230kV Khlong Dan – Bang Phli and 230kV Bang Pakong (Anchor Tower) – Khlong Dan.

– Exotic Food (XO) is convinced that sales would increase 30% QoQ in 2Q21, stating new strategies to assist distributors in paying listing fees and placing product sales, in the hopes of significantly boosting sales growth.

– KEX gained more than 3% as the analyst expected to see a recovery in earnings from 2Q21 onward from the resurgence of Covid-19.

– Stocks in Focus on May 20, 2021: JMART (Maybank Kim Eng TP at ฿44.50/share) and AUCT (Trinity Securities TP at ฿13.00/share).

 

Top 10 Most Impact Shares on May 20, 2021