Thai Stock Market Roundup on January 29, 2021
A short summary to inform investors of what had happened in the Thai stock market on January 29, 2021.
– SET Index closed at 1,466.98 points, decreased 1.53 points or 0.10% with a trading value of 95.7 billion baht. The analyst stated that the Thai stock market was fluctuating and facing a technical speculating, same as global markets. However, the analyst expected a short rebound in SET Index next week and advised investors to keep an eye on the MTC meeting.
The analyst gave a support level at 1,440-1,450 points and a resistance level at 1,490-1,500 points.
– Foreign Investors and Local Institutions continued to pullback from Thai stocks, making a 4.8 billion baht selloff to plunge SET Index by 1.53 points.
– The US economy expanded 4% in 4Q20 but finished 2020 with a contraction of 3.5%.
– Israel, the world’s most vaccinated country struggled to curb Covid-19 cases from the British variants.
– ANA reported a net loss nearly $3Bn as Covid-19 hit airline operations badly.
– Thailand reopened businesses and schools, but bars and gambling places remained closed.
– ECF projected 10% revenue growth in 2021, expecting higher orders, while adjusting its strategic plan to increase GPM and decrease costs.
– ORI made an internal shareholding adjustment by selling 20.52% of total voting rights to Peerada Capital, which is a holding company owned by the same group, ensuring no impact in management and policy.
– TRIS Rating assigned the company rating of BBB+ to RBF with a stable rating outlook.
– TRIS Rating affirmed the company rating on BANPU and the ratings on its senior unsecured debentures at A+.
– SPALI expects to record a new high of earnings and revenue in 2021, targeting sales to grow 9% to ฿27Bn.
– Maybank recommended “BUY” SCC at ฿430 on excellent results from petrochemical and packaging businesses that continued to grow.
– KBANK jumped 4% as the analyst recommended “BUY” at ฿148 on stronger results from lower provisions.
– Stocks in Focus on January 29, 2021: INTUCH (Krungsri Securities TP at ฿74.00/share) and DTAC (Krungsri Securities TP at ฿64.00/share).
Top 10 Most Impact Shares on January 29, 2021
