Thai Stock Market Roundup on March 2, 2021
A short summary to inform investors of what had happened in the Thai stock market on March 2, 2021.
– SET Index closed at 1,503.36 points, increased 2.44 points or 0.16% with a trading value of 88.9 billion baht. The analyst stated that the stock markets started to pick up as the U.S. bond yield slowed down. However, the analyst expected that the market could face volatility in the short term, following the movement of the U.S. bond yield. Meanwhile, investors remained cautious on investing in big-cap stocks without a clear vision on the fund flow.
In addition, the analyst expected SET Index to swing between 1,500-1,510 points in tomorrow’s session.
– Local Institutions kept SET above 1,500 level with a net buy of 1,090 million baht.
– SAWAD targeted a 20% growth in 2021. The analysts raised the top pick, recommended “BUY” at ฿74.00/share.
– JMT continued on its growth path in 2021. The analyst recommended “BUY” with a TP of ฿47.00/share.
– ACE posted the 4th consecutive record-high in 2020, targeting a 1,000MW milestone in 2024.
– S geared up for rapid growth, pursuing further integration for core property business.
– JAS approved the transfer of JASTEL to JTS to enhance data center and cloud service business. The company recorded operating revenue in 2020 at ฿19.2Bn as subscribers edged higher.
– ORI recorded higher real estate transfer at ฿15Bn, offering Bt0.39 dividend payment.
– DIF reported a drop of 29% in 2020 earnings from lower gain on investment.
– ILINK booked ฿195Mn of profit in 2020 as demands for digital marketing tools rose during pandemic.
– TKN recorded lower profit in 2020 at ฿242Mn after taking a hit from Covid-19 outbreak.
– Lower revenue and high provision for impairment pressure ITD to record a net loss of ฿1.1Bn in 2020.
– CK reported a decline of 65% in 2020 earnings, offering a dividend of Bt0.20.
– TRITN reported a strong earnings in 2020 at ฿36Mn as revenue increases 10.5%.
– Stocks in Focus on March 2, 2021: CRC (Krungsri Securities TP at ฿41.00/share) and HANA (Finansia Securities TP at ฿60.00/share).
Top 10 Most Impact Shares on March 2, 2021
