Thai Stock Market Roundup on August 20, 2021

– SET Index closed at 1,553.18 points, decreased 8.90 points or 0.58% with a trading value of 82.3 billion baht. The analyst stated that the Thai stock market closed higher in today’s session as the Covid-19 cases dropped lower than the 20,000 level, while the vaccination is accelerating.

The analyst recommended investors to keep an eye on the Fed’s meeting next week to speculate on the economic outlook, while giving a support level for next week at 1,520 points and a resistance level at 1,570 points.

– Individuals led in net buy on Friday as SET Index closed 9 points higher.

– The Bank of Thailand reduced the Financial Institutions Development Fund rate from 0.23% to 0.46%.

– Stocks in the tourism and retail sectors gained in the afternoon session on the back of a decline in the number of Covid-19 infections in Thailand and lockdown easing hopes.

– Even after the clarification of not being a defendant in the court filing, TASCO‘s share price continued to move downward for the third day.

– BPP strategically increases capacity in the Banpu ecosystem, emphasizing transition to greener and smarter energy generation.

– CRC edged 3% higher at the afternoon session’s opening on Aug 20, 2021, analyst holds a “BUY” rating with a target price of 35 baht on signs of recovery in Europe and sales through Omni channel will continue to grow in 3Q21.

– 87% of Thai Union’s branded tuna was sourced from MSC certified fisheries and Fishery Improvement Projects (FIPs) in 2020, surpassing its target of 75% and putting it on track to hit its goal of 100%.

– With a plan to begin COD in 3 solar farms in Japan, the analyst believed BCPG’s 2021 earnings will increase 30% from the same period last year, recommending “BUY” with a target price of 17 baht.

– PTT Global Chemical divested the Asia Pacific businesses of Emery Group to record  302 million baht.

– TOA stated that there was no significant impact from the fire incident, while having insurance coverage for the damage.

– IND has been awarded for installation of a network cable system project of an aviation fuel service station at Don Mueang Airport worth 2 million baht.

– Stocks in Focus on August 20, 2021: CBG (Asia Wealth Securities TP at ฿150.00/share) and EPG (Maybank Kim Eng Securities TP at ฿15.00/share).

Top 10 Most Impact Shares on August 20, 2021