Thai Stock Market Roundup on March 16, 2021

– SET Index closed at 1,564.03 points, decreased 1.70 points or 0.11% with a trading value of 88.2 billion baht. The analyst stated that Thai stock and regional markets moved in both positive and negative territory as investors awaited Fed’s minutes, focusing on the direction of bond yield, to be published later today and tomorrow.

Meanwhile, the report of a new cluster of coronavirus in Bangkae area also weighed the market down.

In addition, the analyst expected SET Index to edge lower in tomorrow’s session, giving a support level at 1,550 points and a resistance level at 1,570 points.

– The 5.2 billion baht selling pressure from Foreign Investors, plunged SET Index in the afternoon session and closed slightly lower by 1.7 points.

– Thailand Prime Minister Prayut Chan-o-cha received the AstraZeneca jab despite suspension from European countries.

– CPF received 2 IAA awards for best CEO and CFO in the agriculture and food sector.

– SABUY jumped 20% after moving to trade in SET Index. The analyst expected 41% of growth in 2021.

– DTC planned to invest an additional THB 4.3 billion in ‘Dusit Central Park’, raising the total value of the project to approximately THB 46 billion.

– KTBST upgraded PTTEP’s target price to Bt140 amid surging oil prices in 1H21

– AH to Keep Recovering in 2021 as Auto Industry Rebound, Analyst Recomm. “BUY” at ฿28.70/share.

– TQM announced that the company is studying for the potential acquisition of 44.35% in TQR from the “Pannipa”.

– Analyst saw FTSE rebalance to weigh on SET, recommending vaccine-passport plays.

– SEAFCO expected 2021 revenue at ฿2Bn in anticipation of the government’s mega-projects in 2H21.

– ADVANC moved closer to receive the 700MHz spectrum license for broadening AIS 5G services.

– Stocks in Focus on March 16, 2021: DTAC (Krungsri Securities TP at ฿57.00/share) and MAJOR (Kingsford Securities TP at ฿21.50/share).

 

Top 10 Most Impact Shares on March 16, 2021