Thai Stock Market Roundup on May 27, 2021

– SET Index closed at 1,582.96 points, increased 14.38 points or 0.92% with a trading value of 175 billion baht. The analyst stated that the Thai stock market performed better than expected after the report of more alternate vaccines to be arrived and the opening for registration of vaccines for general citizens, resulting in a focused-play on the reopening theme. Commerce, hotel and power generator stocks performed better in today’s session.

The analyst cautioned investors that the market could face a profit taking after a two-day surge and without a solid positive factor, giving a support level for tomorrow’s session at 1,570 points and a resistance level at 1,590 points.

– Local Institutions pushed SET Index higher by 14 points after a nearly 5,000 million baht of net buy.

– IVL acquired rPET assets in the U.S. with a capacity of 92 kilotons per annum, expecting to reach a total target of 750 kilotons by 2025.

– SQ was awarded the North Pit Wall Expansion Project from “Hongsa Power” with a 5-year contract value of 830 million baht.

– Shares of rubber stocks rose in line with the rising rubber price.

– The share price of BANPU rose nearly 5% to Bt12.70 after coal prices hit a new high at US$105.10/MT since late 2018.

– Energy stocks edged higher in the morning session on May 27, 2021 in response to a peak season for power consumption.

– The share price of KTC fell 11.45% to ฿73.50/share after the 8 big lot transactions

– WHA expected an expansion in digital technology will bring better healthcare to the community.

– LOXLEY soared more than 14% after the Supreme Court ordered the Government Lottery Office to pay 1,645 million baht of compensation.

– JMT denied rumors spread by the media, newspapers that it won the Citi Thailand debt auction.

– RS expected to maintain its current pace of growth and will continue to record new high revenue in 2021-2022F with EPS CAGR of 37%.

– The share price of XPG continued to edge higher even with the imposition of level 3 trading alert in limiting net settlement.

– INSET saw high growth potential on integrated telecom systems and data centers amid a new normal trend while holding on to 2.2 billion baht of backlog.

– Stocks in Focus on May 27, 2021: PTT (Maybank Kim Eng TP at ฿53.00/share) and TOA (Capital Nomura Securities TP at ฿41.00/share).

 

Top 10 Most Impact Shares on May 27, 2021