Thai Stock Market Roundup on May 24, 2021

– SET Index closed at 1,551.85 points, decreased 0.59 points or 0.04% with a trading value of 78.7 billion baht. The analyst stated that the Thai stock market moved narrowly in today’s session. Even with the 700 billion baht borrowing to tackle Covid-19, the upside was still limited due to the prolonged Covid-19 situation, which cases still remained high while discovering another variant as well.

The analyst recommended to monitor the vaccine rollout, which could impact on the economic reopening.

In addition, the analyst expected SET to continue on the sideways or sideways-down trends due to a lack of catalyst, giving a support level at 1,540-,1530 points and a resistance level at 1,560-1,565 points.

– A 2,013 million baht selloff from Foreign Investors plunged SET Index slightly by 0.59 points.

– CK announced a signing of the construction contract for the construction of water transmission tunnels worth 4.95 billion baht.

– As of 15:56 local time in Thailand, the share price of KCE and HANA rose more than 8% with a combined trading value of 4,500 million baht.

– Since the Thai stock market is more focused on vaccines, Country Group Securities believes the presence of Covid-19 India and South Africa strains will have little effect on the market.

– The share price of OR and SCGP rose in the morning session, but closed slightly higher after being added into the FTSE All World Index.

– The share price of U rose 7.37% to Bt1.02 per share as investors were speculating on small and mid-cap stocks that underperformed the market.

– DBS Vickers Securities anticipates that RBF‘s revenue will recover substantially in the second half of this year as the Covid-19 vaccine will be widely distributed and one of its hotels business is sold.

– The share price of BEAUTY rose 6.6% with a high trading volume as investors speculated on the upcoming hemp-infused cosmetics.

– RATCH acquires 10% stake in PRINC with an investment value of 1,557 million baht to diversify its business into hospital business.

– IMH expected performance in 2Q21 to reach a new high and fiscal earnings to reach 600 million baht.

– Stocks in Focus on May 24, 2021: RS (KGI Securities TP at ฿32.00/share) and BJC (Maybank Kim Eng TP at ฿44.00/share).

 

Top 10 Most Impact Shares on May 24, 2021