Thai Stock Market Roundup on March 9, 2021

– SET Index closed at 1,550.59 points, increased 6.83 points or 0.44% with a trading value of 99.2 billion baht. The analyst stated that SET Index as the U.S. bond yield slowed down to 1.53%, resulting in a return of fund flow to Asia markets.

Meanwhile, the trading session in the Thai stock market today was mainly focusing on laggard stocks such as the telecommunication sector.

The analyst expected SET Index to continue the gain in tomorrow’s session, giving a support level at 1,535.1,537 points and a resistance level at 1,555-1,560 points.

– Individuals and Proprietary Trading buoyed SET Index above 1,550 points with a 2.1 billion baht of net buy.

– PTT revealed its 5-year strategic plan with a 103 billion baht of budget to focus on gas business. The company expected to raise LNG production to 19 million tonnes per year.

– EA budgeted 6 billion baht to focus on EV and battery business.

– BCPG expected its EBITDA to expand 40% this year, mainly from the three power plants in Japan with a total capacity of 65MW in 4Q21.

– JKN gained 11.76% after the cooperation with DOD to produce hemp-infused supplementary products.

– JTS rose 29.82% in an anticipation of a value-added recognition from acquiring JASTEL.

– LEO expected a 25% growth in revenue after joining hands with “Cardinal UK” to penetrate the market in England and Europe.

– SISB estimated a 25% growth in revenue and profit in 2021, expecting Nonthaburi Phase 2 to open in August 2021.

– CHG expected to continue its momentum in 2021. The analyst recommended “BUY” with a target price of ฿3.40/share.

– SABUY acquired 20% stake in “A.T.P. Friend Services” to expand payment-POS services.

– Stocks in Focus on March 9, 2021: TTA (Krungsri Securities TP at ฿11.20/share) and XO (Finansia Syrus Securities TP at ฿14.20/share).

 

Top 10 Most Impact Shares on March 9, 2021