Thai Stock Market Roundup on November 3, 2021

– SET Index closed at 1,611.92 points, decreased 5.97 points or 0.37% with a trading value of 84.7 billion baht. The analyst stated that the Thai stock market edged lower from a profit taking in reopening stocks that had been on a gain prior to the actual reopening date. Small-cap stocks were also pressured by the potential of new cash balance measures, while investors were also waiting for the Fed’s meeting as well.

The analyst expected SET Index to rebound in tomorrow’s session, but with limited upside, giving a support level at 1,590-1,600 points and a resistance level at 1,630 points.

– A 690 million baht selloff from Local Individuals and Proprietary Trading set SET Index to close 6 points lower.

– Private PMI shows China’s private sector expanded in October, the highest since July.

– The decision to sell an investment in Sunseap Group is part of BANPU’s strategy to strengthen the capital structure and for further growth in lower carbon ‘Greener Smarter’ businesses.

– ASEAN region to benefit the most from wholesale CBDCs, while the Bank of Thailand test trial with regional partners is underway.

– Analysts gave a positive view on SCB‘s acquisition in Bitkub, pointing out inexpensive PE and potential growth in the future.

– IVL has issued and offered a THB 10 billion triple- tranche Sustainability- Linked Bond to repay the debentures of the company on the maturity date and to use for working capital.

– Thai shipping stocks dropped again on Wednesday, as the Baltic index fell to its lowest level in three months following a sharp decline in China’s iron ore futures.

– Stocks in Focus on November 3, 2021: BBL (Maybank Kim Eng Securities TP at ฿160.00/share) and NOBLE (Asia Wealth Securities TP at ฿7.40/share).

 

Top 10 Most Impact Shares on November 3, 2021