Thai Stock Market Roundup on May 28, 2021

– SET Index closed at 1,581.98 points, decreased 0.98 points or 0.06% with a trading value of 99.5 billion baht. The analyst stated that the overall outlook in the Thai stock market in response to the vaccine rollout expected to be in June and the reopening that could bring the economy back.

In the meantime, there were no visible negative factors in the market. Regarding the rising inflation rate in the U.S., the Fed put no concerns in the matte, resulting in commodity product and oil prices to rise.

The analyst set a support level at 1,570 points and a resistance level at 1,590-1,600 points, saying that there could be a profit taking after surpassing the support level.

– Foreign Investors made a selloff worth 1,308 million baht to plunge SET Index to close slightly lower by 1pts.

– Thailand’s FDA on May 28 approved the Sinopham Covid-19 vaccine developed by Beijing Bio-Institute of Biological Products Co., Ltd.

– The analyst believes CK‘s outlook is on the verge of uptrend, and it is approaching a new round of S Curve growth, thanks to the addition of an overwhelming amount of backlog.

– The Central Bankruptcy Court postponed the hearing to consider the rehabilitation plan for Thai Airways to June 16, 2021, after several objections.

– SPF jumped nearly 24% to Bt17.20 after BA agreed on 18 billion baht of compensation for terminating Samui Airport lease.

– KTC continued to drop lower after Morgan Stanley sold 110 million shares in a big lot transaction to book more than 1,000 million baht of profit.

– KWM rose nearly 6.86% as Maybank Kim Eng expected the company to set another record high in 2021 earnings at 98 million baht.

– CPF announced that the Shanghai Stock Exchange acknowledged the submission of an application for listing of the shares of “Chia Tai Investment” on the exchange.

– Stocks in Focus on May 28, 2021: KBANK (Maybank Kim Eng TP at ฿160.00/share) and THANI (Asia Wealth Securities TP at ฿4.72/share).

 

Top 10 Most Impact Shares on May 28, 2021