Thai Stock Market Roundup on March 19, 2021

– SET Index closed at 1,563.96 points, decreased 4.86 points or 0.31% with a trading value of 88.7 billion baht. The analyst stated that the plummet in the Thai stock market was in the same direction as global stock markets amid lower crude oil prices and high bond yield. Meanwhile, the FTSE rebalance also had negative sentiment to the Thai stock market as well, causing a selloff in big-cap stocks such as PTT, ADVANC, CPALL and AOT.

The analyst saw that SET Index still has a solid base at 1,560 points, giving a support level for next week at 1,550 points and a resistance level at 1,570 points.

– Foreign Investors net sold 3,000 million baht of Thai shares amid FTSE rebalance.

– Thailand shortened the quarantine period from 14 days to 10 days, starting April 1, 2021.

– VNT closed 2.72% higher after a tender offer for delisting by PTTGC.

– ITEL won the bidding for main and backup data centers with equipment for co-location.

– TTA jumped 6.81% as BDI rose. The analyst recommended “BUY” at ฿12.00/share.

– Analysts gave “BUY” recommendations on STGT at a target price of Bt55 with bright prospects throughout 2026.

– Analysts expected the financial sector to grow 24% in 2021, selecting SAWAD and BAM as top picks.

– Analyst rate PTTEP “Outperform” with a target price of ฿145 as Dubai oil price remained at good level.

– FDA gave a clarification on recalling the hemp importing license, stating that there would be no changes in importing status of corporates.

– Stocks in Focus on March 19, 2021: SPRC (KGI Securities TP at ฿10.90/share) and TOP (KGI Securities TP at ฿74.00/share).

Top 10 Most Impact Shares on March 19, 2021