Thai Stock Market Roundup on May 25, 2021

– SET Index closed at 1,568.58 points, increased 16.73 points or 1.08% with a trading value of 88.9 billion baht. The analyst stated that the rise in the Thai stock market was due to a positive sentiment from foreign markets, and the rise in oil price, following the demand from the economic recovery and reopening.

In the meantime, the Thai stock market received a push from the 500 billion baht soft loan decree as well.

The analyst pointed out that the MSCI rebalance will be on Thursday, which could cause a fluctuation in the market, while advising investors to monitor the Covid-19 situation in Thailand, giving a support level for Thursday at 1,550-1,540 points and a resistance level at 1,575 points.

– A 1.7 billion baht of net buy from Local Institutions buoyed SET Index by 16 points.

– The share price of MTC and SAWAD edged higher as analysts expected their loan business to continue growing amid the recovery of economic activities.

– Analysts have a positive outlook on PTT’s new S-Curve strategy in expanding into the life science area, seeing high growth potential toward the business.

– As 2Q21 is simply a peak season for electricity consumption, DBSVS selected GPSC, BGRIM and GULF as top picks.

– Indo Rama Synthetics (India) Limited (IRSL), a subsidiary of global petrochemical producer IVL, will spend up to USD 82 million upgrading equipment and adding capacity at its manufacturing site in Nagpur, India.

– Analysts gave a “BUY” recommendation on BGRIM, anticipating a stronger 2Q21 performance.

– For the first time in Thailand, GPSC and its subsidiary, CHPP unveiled, in a new normal fashion, G Float, a commercial floating solar innovation, keeping pace with clean energy trends and moving toward becoming a new S-curve industry.

– OR announced an extension to the contract of business collaboration with CPALL to operate 7-Eleven in PTT stations with an extension period of 10 years.

– Stocks in Focus on May 25, 2021: AH (Maybank Kim Eng TP at ฿28.00/share) and PTTEP (Maybank Kim Eng TP at ฿148.00/share).

Top 10 Most Impact Shares on May 25, 2021