Kaohoon’s Top News on September 15, 2021

– Four PTT group stocks, including PTT, PTTEP, PTTGC and TOP, rallied yesterday (September 14) as an intensifying Tropical Storm Nicholas impacted Texas-based oil production, pushing crude oil prices to US$71 per barrel. Analysts saw this as a bullish signal for stocks in the refinery and petrochemical sectors, while Thai shipping stocks such as TTA, RCL and PSL are likely to benefit from China’s port closures, which have driven freight indexes upward.

– The Cabinet approved 2 trillion baht in stimulus to attract one million wealthy foreigners. These measures aim to promote foreign direct investment by offering long-term visas and tax benefits to “high potential” foreigners and easing some limitations on foreigners owning property and land in the long run. Analysts believe these stimulus plans will boost transportation, industrial estate and hospital stocks, such as WHA, AMATA, JWD, BH, BDMS and PR9.

– Trading speculation drove Eternal Energy (EE)’s share price higher yesterday (September 14), up 2.72%, as investors anticipated EE will conclude the sale of SSUT, a 240 megawatt SPP producer, to E-COGEN, a subsidiary of Eastern Power Group (EP), for a total of 1,246 million baht soon.

– Dhipaya Insurance stated that it needs to study the National Telecommunications Public Company Limited (NT)’s satellite management plan following the appointment of THCOM as a mentor before considering further warranty.

– The Stock Exchange of Thailand (SET) announced that it would review the regulation of low free-float stocks in the first half of 2022 in order to consider the inclusion in the SET50 and SET100 indices. The revised calculation  criteria are expected to exclude the trading value of stocks placed on a cash balance. DELTA may be removed from the SET50 index, while other low free-float stocks fell again yesterday (September 14), as investors feared the Passive Fund will rebalance its portfolio.