Thai Stock Market Roundup on March 1, 2021

– SET Index closed at 1,500.92 points, increased 4.14 points or 0.28% with a trading value of 84.5 billion baht. The analyst stated that the Thai stock market moved in the same direction with the regional markets as well as the European markets and Dow Jones Futures that edged higher after a sharp plunge last Friday due to the concern over high U.S. bond yield.

In addition, the analyst recommended commodity and banking stocks for long term investment, while expecting SET Index to move sideways in tomorrow’s session, giving a support level at 1,480 points and a resistance level at 1,510-1,515 points.

– Foreign Investors buoyed SET Index by 4 points with a total net buy of 1.1 billion baht.

– CPF expected 20% growth in 2021 from the Tesco deal and higher pork prices. The analyst recommended “BUY” at ฿39.50/share.

– SUPER invested ฿164Mn to acquire “Asia Energy” for a 50MW wind power plant in Vietnam.

– GRAMMY reported a net loss of ฿175Mn in 2020 as total operating revenue dropped 25%.

– SISB reported ฿153Mn in 2020 earnings after waving fee on unused facilities during Covid-19 pandemic.

– BAM’s net profit dropped 83% in 2020 to ฿1.8Bn after implementing TFRS9.

– BA recorded a net loss of ฿5.2Bn as the coronavirus outbreak hendered international and domestic air travel.

– NOBLE’s revenue hit a record high at ฿10.8Bn, targeting to become Thailand’s top 5 developers within 3 years.

– SPCG announced an increase in net profit to ฿3Bn, offering Bt0.65 dividend payment.

– SKY reported a net profit of ฿149Mn in 2020 with a backlog on hand worth ฿20.1Bn.

– IND signed a ฿10Mn contract for four lane highway survey and design project on 323 highway. Moreover, the company also signed the feasibility-study contract for “Southern Economic Corridor” worth ฿4.7Mn.

– Stocks in Focus on March 1, 2021: CPF (Krungsri Securities TP at ฿42.20/share) and BANPU (KGI Securities TP at ฿13.00/share).

 

Top 10 Most Impact Shares on March 1, 2021