Thai Stock Market Roundup on June 1, 2021

– SET Index closed at 1,618.59 points, increased 25.00 points or 1.57% with a trading value of 116 billion baht. The analyst stated that the Thai stock market edged higher in the same direction as the regional and European markets as well as Dow Jones Futures in response to the wide vaccination in the U.S. over 50% and the economic reopening, resulting in the commodity sector to drive the market.

Meanwhile, the Thai stock market was driven by the anticipation of a vaccine rollout on June 7, 2021, after the Thai PM affirmed that the vaccine will arrive as scheduled. Moreover, the 160 billion baht relief package also drove the market as well.

In addition, the analyst advised investors to monitor the OPEC+ meeting today and the momentum of the U.S. bond yield, giving a support level for tomorrow session at 1,600-1,590 points and a resistance level at 1,624-1,630 points.

– Local Institutions, Proprietary Trading and Foreign Investors combined a total 4.6 billion baht of net buy as SET Index surged 25 points.

– BTS‘ earnings for 20/21 fiscal year dropped by 44% to 4,576 million baht due to lower net profit margin and a loss from JV. BTS offered Bt0.16 dividend payment.

– STGT‘s CEO Miss Jarinya revealed that the Surat Thani factory is scheduled to resume production early next week after implementing measures to improve plant’s hygiene.

– TRITN appointed Ms. Louise Taechaubol to hold the CEO position, while keeping the Chairman of the Executive Board as well.

– CKP’s new 4 billion baht debentures received strong interest from institutional and high net worth investors, preparing to expand its renewable power projects and increase shareholding in its associated company.

– Logistics stocks edged higher in the morning session on June 1, 2021 on expectations of continuing record profits in 2Q21.

– TU established a new subsidiary in Japan to distribute, sell and import pet food and pet-related products.

– DBS Vickers Securities (DBSVS) has outlined 5 stocks to celebrate the country’s reopening: AOT, BDMS, BEM, ERW, and MINT.

– EPG aims to achieve a sales revenue of 11,000 million baht for the FY2021/22, with a business plan to build up growth through oversea expansion and its USE policy.

– Stocks in Focus on June 1, 2021: BANPU (Krungsri Securities TP at ฿16.00/share) and GPSC (DBS Vickers Securities TP at ฿95.00/share).

 

Top 10 Most Impact Shares on June 1, 2021