Thai Stock Market Roundup on March 15, 2021
A short summary to inform investors of significant developments in the Thai stock market on March 15, 2021.
– SET Index closed at 1,565.73 points, decreased 2.46 points or 0.16% with a trading value of 72.8 billion baht. The analyst stated that the Thai stock market moved sideways without a new catalyst to drive the market as investors seeked profit-taking after the index broke the 1,550 resistance level in a high surge last week.
The analyst advised investors to keep an eye on the Fed’s minute on March 16-17 to see the direction of bond yield, as well as the political issues and the constitution amendment in Thailand.
In addition, the analyst gave a support level for tomorrow’s session at 1,560-1,530 points and a resistance level at 1,585 points.
– Local Institutions pulled back on Thai stock market with a 2.9 billion baht net sell to plunge SET Index by 2.5pts.
– The Stock Exchange of Thailand will list SABUY as security in SET Index, starting tomorrow.
– Analysts saw a short-term impact from delaying vaccine rollout in Thailand and recommended investors to shift focus to healthcare plays.
– KISS joined hands with DOD to produce hemp-based skincare and food supplements.
– BJCHI acquired two additional overseas projects worth ฿500mn.
– SUPER issued a debenture worth 1.5 billion baht with an interest rate of 5% for institutional and high net-worth investors.
– JMART closed at ฿39.25/share, making an all-time high amid anticipation of continuous record high in 2021-2022 earnings.
– GUNKUL rose 8.28% as the analyst expected 1Q earnings to grow from the contribution of solar power plants
– BCH rose 3.45%. The analyst saw an upside from Covid-19 vaccine import and recommended “BUY” at a target price of ฿20.20/share.
– DCC expected 1Q21 to hit a new high. The analyst gave a “BUY” rating with a target price of ฿3.18/share.
– IMH hit the ceiling in anticipation of ฿312Mn revenue recognition in 2Q from Prachapat Hospital.
– Stocks in Focus on March 15, 2021: BCH (Asia Wealth Securities TP at ฿19.00/share) and EPG (Krungsri Securities TP at ฿12.00/share).
Top 10 Most Impact Shares on March 15, 2021
