Thai Stock Market Roundup on May 18, 2021

– SET Index closed at 1,566.80 points, increased 17.64 points or 1.14% with a trading value of 98.2 billion baht. The analyst stated that the Thai stock market moved in the same direction as regional, European markets and Dow Jones Futures in rebounding. Meanwhile, the decrease in new Covid-19 cases resulted in a positive sentiment to the market.

The analyst advised to monitor the FTSE rebalancing on May 21, 2021, expecting SCGP to be added into the index after being listed in MSCI.

In addition, the analyst expected SET Index in tomorrow’s session to move in a range of support level at 1,550-1,540 points and a resistance level at 1,570-1,578 points.

– Proprietary Trading, Local Institutions and Individuals combined a net buy of 1.47 billion baht to push SET Index higher by 17 points.

– CPF invested 404 million baht to acquire a pig farm and crop farm businesses in Russia to expand its farming operations.

– Keep a close eye on the movement of DOD‘s share price after Thai FDA returned the hemp license to the company with no significant changes.

– ITD rose more than 16% in the morning session after the company reported a better performance in 1Q21 in booking 247 million baht of net profit.

– SIRI continued to rise in the morning session after hitting the ceiling yesterday from higher 1Q21 earnings, but gross profit tended to decline.

– DTC reports 1Q21 results with profit of THB 74 million driven by prudent financial management and diversification strategy.

– DBS Vickers selected four commodity plays for economic recovery including PTTEP, TOP, PTTGC and PTT.

– ‘Mr.Surachai’ reveals a mega-deal ‘RS Group & Plan B’ partnership in a joint venture, shaking the commerce business, storming marketing and distribution to penetrate the mass market.

– MINT closed 5.88% higher at ฿31.50/share. KGI Securities gave a “Speculative-Buy” on MINT with a target price of ฿37.00/share

– NRF closed 13.84% higher at ฿9.05/share. BLS expected to see strong rebound from NRF in 2Q21, giving a “BUY” recommendation with a target price at ฿9.80/share.

 

Top 10 Most Impact Shares on May 18, 2021