Thai Stock Market Roundup on May 14, 2021

– SET Index closed at 1,549.48 points, increased 1.35 points or 0.09% with a trading value of 97.3 billion baht. The analyst stated that the movement in the Thai stock market was in a direction of rebasing, in line with other stock markets in the region.

Meanwhile, the 1Q21 earnings season in the Thai stock market was almost come to an end with an expectation that analysts would revised down global-play stocks due to the prolonged Covid-19 situation, especially stocks related to tourism. The MSCI rebalance also weighed down on the stock market, causing SET Index to move in a limited range.

The analyst recommended investors to monitor the measurement to curb the Covid-19 spread from the Thai cabinet next week, giving a support level at 1,520-1,500 points and a resistance level at 1,565-1,580 points.

– A 3.3 billion baht of net buy from Local Individuals buoyed the Thai stock market to close 1.35 points higher.

– SIRI invested 1.6 billion baht to acquire 15% stake in XSpring, expecting to diversify its business into financial and brokerage service.

– LPN announced its successfully offered 3-year Thai Baht debentures to the general public, with the total issue size of THB 1,500 million.

– MCOT‘s operating results in 1Q2021 shows profits after implementation of proactive strategic plans and effective expense management. It is expected to resume continuous profitability in 2021.

– Analysts recommended a “BUY” rating on HMPRO following the company’s better-than-expected results in the first quarter of this year, which was attributed to tighter cost management and a revenue recovery.

– STGT rose 4.40% in the morning session as analysts expected 2021 earnings to continue growing, but warned of a decline in selling price in 2Q.

– KTBST revised up a rating on CHAYO to “BUY” from HOLD and target price to ฿18.00/share from ฿10.40/share.

– The Bank of Thailand joined hands with financial institutions to initiate the 3rd phase of debt relief for four loan types.

– SABINA tackled COVID-19 hurdle and achieved 11.3% increase in 1Q21 earnings due to 45.5% growth in online sales, expecting year-end revenue to break record high.

– TTA returned YoY to profits in the first quarter of 2021. Thoresen Shipping ranked the second top spot in Dry Bulk Benchmark study.

– A gain from foreign exchange in 1Q21 led RATCH to record a net profit of 2,087 million baht, representing an increase of 53% YoY.

– Stocks in Focus on May 14, 2021: BCH (Maybank Kim Eng TP at ฿20.00/share) and SCCC (Maybank Kim Eng TP at ฿200.00/share).

 

Top 10 Most Impact Shares on May 14, 2021