Thai Stock Market Roundup on October 19, 2021

– SET Index closed at 1,630.39 points, decreased 13.53 points or 0.82% with a trading value of 96.5 billion baht. The analyst stated that the Thai stock market edged lower due to the profit taking in the energy and banking sector as well as stocks related to reopening themes even without any negative factors to pressure the market.

The analyst expected reopening play to rally after the government announced the first 10 countries on the green list for international inbound without requirement for quarantine. Meanwhile, oil prices could continue to go up after the U.S. stockpile report.

In addition, the analyst expected a buy back in tomorrow’s session, giving a support level at 1,625 points and a resistance level at 1,640 points.

– Local Institutions and Foreign Investors combined a 4.7 billion baht of selloff, plunging SET Index by 13.53 points.

– SEC on Friday approved ProShares bitcoin futures ETF which is set to hit NYSE trading floor tonight.

– Hengda Real Estate Group Co., the main unit of China Evergrande, failed to pay a 121.8 million yuan coupon due Tuesday.

– DBS Vickers Securities forecasts SET Index to trade between 1,590 and 1,630 points this week, recommending investors to accumulate value stocks including KBANK, ROJNA, and SC.

– TTA‘s subsidiary V Ventures Technologies has entered into agreements to acquire a 60% stake in Skootar Beyond Company Limited at a transaction value of Baht 100 million.

– TOP expected a significant recovery in 4Q amid rising gross refining margin on higher demand from winter season and reopening.

– CHO expected a full production of its factory in Khon Kaen Province to start on Oct 25 after the flooding crisis subsided.

– SAMTEL won a tender for the rental of Digital Trunked Radio System from National Telecom worth THB 490 million.

– EP expected to increase the shareholding in the small power plant business  in order to accelerate the expansion of the cogeneration power system.

– Stocks in Focus on October 19, 2021: KKP (KTBST Securities TP at ฿67.00/share) and TOA (Maybank Kim Eng Securities TP at ฿40.00/share).

Top 10 Most Impact Shares on October 19, 2021