Thai Stock Market Roundup on March 17, 2021

– SET Index closed at 1,568.28 points, increased 4.25 points or 0.27% with a trading value of 86.4 billion baht. The analyst stated that the Thai stock market moved narrowly in today’s session as investors awaited the Fed’s comment after its second-day meeting today to see the economic and inflation outlook that could reflect the movement on U.S. bond yield.

The analyst expected SET Index to rebase in tomorrow’s session, giving a support level at 1,560 points and a resistance level at 1,580 points.

– Local Institutions and Proprietary Trading combined a net buy of 1.4 billion baht to buoy SET Index by 4 points.

– Fitch Ratings expected Thai corporates to improve in 2021, but tourism might be on a slow recovery path.

– TWZ established a new subsidiary, diversifying for the business of manufacturing, importing and distributing drugs, pharmaceuticals, chemicals, medical instruments, rubber gloves.

– SUPER invested in a 24/7 waste-disposal power generation to ramp up revenue continuously.

– DOD continued the rally by 8% after joining BEAUTY to manufacture hemp-related products.

– AMANAH rose 11.54% to close at ฿5.80/share in anticipation of outstanding earnings in 2021-2022.

– IMF estimated 2.6% growth for Thailand over good financial measures to combat the coronavirus outbreak.

– SISB rallied 6% to ฿10.60/share, making a new high in 13 months amid high revenue and profit recognition consecutively.

– Analysts upgraded HANA’s target price to Bt68 amid higher demand and positive momentum in 2021.

– ILM jumped 4%. The analyst recommended “BUY” at ฿18 over a strong revenue projection in 1Q21.

– XO rose 10% in anticipation of a bright 1Q21 earnings outlook. The analyst recommended “BUY” at ฿13.50/share.

– Stocks in Focus on March 17, 2021: ICHI (Krungsri Securities TP at ฿17.00/share) and NRF (Maybank Kim Eng TP at ฿11.00/share).

 

Top 10 Most Impact Shares on March 17, 2021