Thai Stock Market Roundup on August 16, 2021

– SET Index closed at 1,531.24 points, increased 2.92 points or 0.19% with a trading value of 77.1 billion baht. The analyst stated that the Thai stock market rebounded after hitting a support level at 1,510 points, seeing high volatility in the market and expecting that the movement this week should be around 1,545-1,510 points due to the unimproved Covid-19 situation in Thailand. Meanwhile, the Covid-19 cases are expected to rise in other provinces in September, which led to the analyst’s comment of no rush in purchasing stocks now.

In addition, the analyst expected SET Index to slow down in tomorrow’s session, giving a movement range of 1,510-1,525 points.

– Foreign Investors buoyed SET Index in the afternoon session to close higher by 3 points.

– Japan expects to extend the state of emergency to mid September to combat rising Delta variant Covid-19 cases.

– Taliban declared “war is over” as they overthrew the Afghan government. Meanwhile, President Ashraf Ghani freed the country to avoid any bloodshed.

– Thailand’s gross domestic product in the second quarter of 2021 expanded 7.5%, while growing 2% in the first half of this year

– Thai Airways International saw an 11 billion baht of profit in 6M21 due to a significant drop in total expenses.

– The share price of BANPU fell 26%, in line with the analyst’s estimate of dilution effect prior to a capital increase.

– RBF reported a net profit in 2Q21 of 107.98 million baht, down 0.91%, and a revenue of 788 million baht.

– Taokaenoi Food & Marketing reported a 75% decline of net profit in 2Q21 as sales in China slowed down.

– SABINA withstands COVID-19 and wraps up Q2 with 24.30% increase in earnings, controlling costs to boost net profit margin from H1/21 reaching 10.8%, shifting to short-term planning for strong H2 results.

– NRF reported a net profit in 2Q21 of 10.69 million baht, down 49%, from an impact of container shortages and loss-sharing from its subsidiary, Plant And Bean Ltd. Meanwhile, the company planned to invest 135 million baht on WellPath, a modern nutritional supplements start-up based in New York City

– RATCH reported a net profit of 2,122 million baht, representing an increase by 97% from the share of profit of associates and joint ventures

– TIDLOR announced a 176% increase in net profit in 2Q21 as gross profit margin rose by 13.6bps

– Stocks in Focus on August 16, 2021: CPF (Asia Wealth Securities TP at ฿43.00/share) and LH (Maybank Kim Eng Securities TP at ฿9.32/share).

 

Top 10 Most Impact Shares on August 16, 2021