Thai Stock Market Roundup on March 18, 2021

– SET Index closed at 1,568.82 points, increased 2.06 points or 0.13% with a trading value of 81 billion baht. The analyst stated that the Thai stock market responded positively in the morning session over the Fed’s minute, seeing a better economic outlook and a policy rate near zero throughout 2023. However, the market faced profit taking in the afternoon session that erased most of the gains in SET.

The analyst expected SET Index to move in sideways trends in tomorrow’s session and tried to maintain the momentum until the new catalyst came.

– A combined net buy of 1.38 billion baht from Foreign Investors and Individuals erased gains in SET to close slightly higher at 2 points.

– DOD made another 3.40% of gain after a series of MOU signings on research and produce hemp-related products.

– RBF rose to an all-time high after a 5-day winning streak on trending hemp products.

– GUNKUL extended the gain to Bt3.82 as “TRIS” upgraded corporate rating to “BBB+”.

– The analyst expected IMH’s earnings to rebound in 2021, recommending “BUY” with a target price of ฿5.35/share.

– ICHI reached a new high in 5 years at Bt14.70. Analysts recommended “BUY” at a target price of Bt17.00/share.

– KGI rate media sector “Overweight”, expecting a recovery from 2Q21, Top Pick: BEC-MAJOR.

– KWM established 2 subsidiaries in preparation for hemp-marijuana businesses.

– ESSO announced a suspension of paraxylene production in Sriracha from April.

– Stocks in Focus on March 18, 2021: PSH (KGI Securities TP at ฿15.50/share) and KBANK (Maybank Kim Eng TP at ฿160.00/share).

 

Top 10 Most Impact Shares on March 18, 2021