Thai Stock Market Roundup on May 17, 2021

– SET Index closed at 1,549.16 points, decreased 0.32 points or 0.02% with a trading value of 98.5 billion baht. The analyst stated that the Thai stock market moved downward in the morning session due to concerns of rising coronavirus cases that hit a record high today. Meanwhile, the negativity from MSCI rebalance will continue to affect the market until the effective date. The analyst expected a buying pressure and a buyback afterward.

However, the buyback in the afternoon recovered some of the loss from the morning session, resulting in almost a flat close at the end of the day.

The analyst stated that the unexpected flat retail sales in the U.S. might slow down inflation rate and Fed’s decision for rate hikes, while expecting tomorrow’s session to move in sideways trends with a support level at 1,530 points and a resistance level at 1,570 points.

– Proprietary Trading made a net buy of 540 million baht, buoying SET Index to close slightly lower.

– OR successfully established “Orbit Digital Co.” to strengthen technological and innovative capabilities as well as competitiveness and increase value through digital business development.

– GULF denied the baseless rumor regarding the joint investment with ETC and BWG, while expecting to officially announce through SET soon.

– SIRI rose 29.81%, reaching the ceiling, after announcing a soaring net profit in 1Q21 from a significant increase in net profit margin.

– JKN‘s share price rose 7.61% after the announcement of an increase in 1Q21 earnings. Meanwhile, investors are focusing on the operations of “New 18”.

– In 1Q21, the profit attributable to BCH amounted to 323.77 million, an increase of 64.63 million baht or 24.94%.

– TRITN recorded 190 million baht of revenue in 1Q21, mainly from the operation of its new 4.9MW power plant, Aukkrarawat.

– TVO’s price continued to rise after the company announced healthy results for 1Q21.

– Even with a net loss of 15 million baht in 1Q21, BEAUTY did perform better in lowering its net loss from a decrease in selling expenses.

– For the first quarter of 2021, ROJNA earned a total net profit of 293 million baht, compared with a net loss of 807 million baht in the same period of last year.

– CPF launched the long-awaited plant-based MEAT ZERO, eyeing to become Top 3 alternative meat producer in 3-5 years.

– Stocks in Focus on May 17, 2021: PTTGC (Maybank Kim Eng TP at ฿85.00/share) and CPF (Maybank Kim Eng TP at ฿45.00/share).

Top 10 Most Impact Shares on May 17, 2021