Thai Stock Market Roundup on October 27, 2021

– SET Index closed at 1,627.61 points, decreased 8.36 points or 0.51% with a trading value of 69.3 billion baht. The analyst stated that a decline in the Thai stock market was in line with other regional markets that contracted around 0.5% while looking for new drivers. The analyst expected Local Institutions to continue adjusting their portfolio prior to the earnings announcement. 3Q21 earnings should slow down and gradually recover in 4Q.

The analyst gave a support level for tomorrow’s session at 1,625-1,630 points and a resistance level at 1,640-1,650 points.

– Individuals bought the dips after Foreign Investors plunged SET Index by 8 points with a 2.4 billion baht of net sell.

– SCC recorded a net profit of 6,817 million baht in 3Q21, mainly driven by the recognition of asset impairment at the cement plant in Myanmar and the gain from fair value adjustment of investment.

The company also announced an establishment of the new subsidiary which is consistent with SCC’s strategy of expanding its logistics business throughout ASEAN.

– PTTEP announced the establishment of FutureTech Energy Ventures Company Limited, FutureTech Solar (Thailand) Company Limited and Delta Gas Transportation Limited, with aims to support the future investments.

– Stocks in Focus on October 27, 2021: SCGP (Maybank Kim Eng Securities TP at ฿75.00/share) and SPALI (Asia Wealth Securities TP at ฿25.00/share).

 

Top 10 Most Impact Shares on October 27, 2021