Thai Stock Market Roundup on January 15, 2021
A short summary to inform investors of what had happened in the Thai stock market on January 15, 2021.
– SET Index closed at 1,519.13 points, decreased 16.85 points or 1.10% with a trading value of 101 billion baht. The analyst stated that the selloff in DELTA impacted SET Index around 7.48 points and pointed out that the trends in DELTA started to die out. Meanwhile, the analyst expected institution investors to adjust their portfolio to subscribe PTT Oil and Retail Public Company Limited (OR)’s IPO, though institution investors should already have a good amount of budget for investment in reserve and the proportion of OR that provided to institution investors was only 2-3% out of a total of 25% of its newly issued ordinary shares.
The analyst advised investors to keep an eye on the Thai cabinet meeting next week regarding the stimulus package and the announcement of 4Q20 earnings of the banking sector.
In addition, the analyst gave a support level for next week at 1,500 points and a resistance level at 1,550 points.
– Individuals took the opportunity to buy the dips after Local Institutions, Proprietary Trading and Foreign Investors combined a 5.3 billion baht selloff to plunge SET Index by 17pts
– Biden unveiled a $1.9 trillion Covid-19 relief bill, targeting to raise the minimum wage to $15/hr.
– OPEC projected global oil demand to increase to 95.9Mn bpd in 2021.
– TASCO offered a Bt0.30 dividend payment, while moving forward to increase shareholding in TSS to 62.5%.
– SET extended the “cash balance” measure on NRF, starting January 18, 2021 – February 5, 2021, and imposed the measure on LEO under the turnover list, starting January 18, 2021 – February 25, 2021.
– PTG gained 3.6% as the analyst projected a quarterly-record high in 4Q20 at ฿532Mn.
– The analyst expected TISCO to report a 4Q20 profit of ฿1.6Bn and a dividend payout at 5-6 baht per share
– Analysts expected an improvement in petrochemical spreads to benefit SCC, recommending “BUY” at a target price of Bt472 per share.
– Analysts recommended “BUY” STGT at Bt48.25 on high dividend yield and rising rubber-glove demand.
– Siam Commercial Bank is opening “Siam Commercial Bank Myanmar” to fully expand to Myanmar’s financial market
– Stocks in Focus on January 15, 2021: RS (KGI Securities TP at ฿24.60/share) and SRICHA (Kasikorn Securities TP at ฿18.00/share).
Top 10 Most Impact Shares on January 15, 2021
