Thai Stock Market Roundup on August 25, 2021

– SET Index closed at 1,600.49 points, increased 13.51 points or 0.85% with a trading value of 92.9 billion baht. The analyst stated that the Thai stock market performed better than expected, even without solid factors to drive the market. The buying pressure came from laggard and rebased stocks, as well as the speculation on domestic plays in hopes of the easing lockdown measures from lower Covid-19 infection rate.

The analyst expected this uptrend in SET Index to be in the range of 1,620-1,630 points, while giving a support level for tomorrow’s session at 1,590 points and a resistance level at 1,612-1,620 points.

– Foreign Investors led the market in net buy of 3.6 billion baht, pushing SET Index above the resistance level of 1,600 points.

– U.S. trade representative said her office and President Biden’s administration are conducting a comprehensive review of the U.S. – China trade policy, concerning the unfair trade policies of China which put American business and workers on a disadvantageous side.

– Thai listed companies posted H1 net profit of THB 528 billion, suggesting signs of recovery.

– Five analysts retain a “BUY” rating on JWD after teaming up with Thailand Post and Flash Express to provide cold chain express services.

– Strong upside potential as TIDLOR received funding from IFC and strong analysts forecast a 176.8% boost in net profit in Q2.

– STGT announced the establishment of a new subsidiary in Singapore, SRI TRANG GLOVES GLOBAL PTE. LTD., to support the company’s business expansion.

– To accomplish its objective of “Becoming a leading value-oriented energy and infrastructure company in Asia-Pacific,” RATCH invested 25 billion baht in the acquisition of a 2,045MW coal-fired thermal power plant in Indonesia.

– Stocks in Focus on August 25, 2021: AMANAH (Kasikorn Securities TP at ฿6.90/share) and ITEL (Finansia Syrus Securities TP at ฿6.40/share).

 

Top 10 Most Impact Shares on August 25, 2021