Thai Stock Market Roundup on May 12, 2021

– SET Index closed at 1,571.85 points, decreased 7.08 points or 0.45% with a trading value of 117 billion baht. The analyst stated that the Thai stock market opened on a negative territory in the morning session due to concerns over the inflation rate in the U.S. that is expected to rise from 2.6% in the previous month to 3.6%, which could impact its QE.

In the meantime, big-cap stocks such as TIDLOR and KBANK continued to decline. KBANK had a negative sentiment from the MSCI rebalancing that deleted Kasikornbank FGN, a security listed in Frankfurt, from the MSCI Global Standard, resulting in a selloff in KBANK.

However, the distortion in DELTA erased around 10 points deficit in the stock market today after gaining Bt94.00 per share or 20.26% in today’s session.

The analyst expected SET to continue moving in sideways trends with a support level at 1,560 points and a resistance level at 1,590 points.

– Foreign Investors and Local Institutions continued to pull back on the Thai stock market with a total of 6.6 billion baht.

– In the MSCI rebalance on May 27, 2021, CBG and SCGP will be listed in MSCI Global Standard, while ACE and SINGER will be listed in MSCI Small Cap.

– BCPG reported a net profit of 523 million baht in 1Q21, a slight decrease by 8.77% from a net profit of 573 million baht in 1Q20.

– BGRIM reported a net profit of 610 million baht, increased 657% from a net profit of 80 million baht in 1Q20.

– CKP had a net profit in 1Q21 of 115 million baht, making a turnaround from a net loss of 340 million baht in 1Q20.

– UNIQ signed the contract with MRTA for the construction project of the tunnel connecting between Bang Sue Grand Station (Red Line) and Bang Sue MRT Station (Blue Line).

– SUPER expected the growth in solar farm and wind power plant projects in Vietnam to boost its production capacity to 2,000MW by 2022.

– With a recovery of stock gain and lower FX loss in 1Q21, PTTGC bounced back to record a net profit of 9.6 billion baht.

– Kingsford suggested a “Speculative-Buy” on IRPC with a target price of ฿4.60/share.

– Voting on the rehabilitation plan for Thai Airways has been postponed until May 19, 2021 as demanded by creditors, according to a source close to the matter.

 

Top 10 Most Impact Shares on May 12, 2021