Thai Stock Market Roundup on November 26, 2020
The total value of buying and selling separated by the investor's type as of November 26, 2020.
– SET Index closed at 1,433.56 points, increased 17.84 points or 1.26% with a trading value of 80.4 billion baht. The analyst stated that the Thai stock market closed in the same direction of regional markets and European markets as the fund inflow kept flooding in due to the recovery in Thai economy along with higher oil prices, resulting in higher investment in risk assets.
The analyst advised investors to keep monitoring the direction of fund inflow as well as the vaccine development and Thailand’s economic stimulus plan.
In addition, the analyst expected the market to continue its rally due to constant fund inflow, giving a support level at 1,410 points and a resistance level at 1,450 points.
– Local Institutions and Proprietary Trading combined a net buy of 2.37 billion baht to buoy SET Index by nearly 18 points. Meanwhile, Foreign Investors made slight profit-taking for 550 million baht.
– U.S. lowered Thailand’s travel advisory to a low-risk level on success in curbing Covid-19.
– PRINC’s “Satit” offered ฿9.3Bn to acquire 11.37% of BH as an additional 11.34% up for grab.
– AOT expected air traffic to return to pre-covid level in 2023 after a decrease of 40% in 2020.
– SPCG increased 3.29% in anticipation of the new 500MW solar farm project with an investment of 23 billion baht.
– SCGP jumped 6.41% as the analysts saw a long-term growth in the packaging business with a target price at ฿48.00/share.
– DELTA closed at an all-time high at ฿225 as the company is preparing to join MSCI Global Standard on November 30.
– Analysts were positive on SAWAD–GSB partnership, raising a target price for SAWAD to ฿68 with a “BUY” rating.
– NOBLE estimated its sales in 2021 to reach 14 billion baht and expected to list AMC in the stock market within two years.
– BBL closed slightly lower in concerns of ThaiNVDR reaching the Limit, while FOL already maxed out.
– CHOW-Haco to advance in solar rooftop projects, expecting ฿800Mn of revenue in 5 years.
– Stocks in Focus on November 26, 2020: DTAC (Krungsri Securities TP at ฿64.00/share) and TPIPP (Maybank Kim Eng TP at ฿5.00/share).
Top 10 Most Impact Shares on November 26, 2020
