Thai Stock Market Roundup on May 31, 2021

– SET Index closed at 1,593.59 points, increased 11.61 points or 0.73% with a trading value of 79.8 billion baht. The analyst stated that the Thai stock market performed better than expected in today’s session amid hopes for a vaccine rollout in June and the relaxation of Covid-19 measures to reopen some business such as spa, museum and skin-care clinic etc.

The analyst expected SET Index to test the resistance level at 1,600 points tomorrow, giving a support level at 1,580 points and advising investors to monitor OPEC’s meeting tomorrow.

– The fund inflow from Foreign Investors buoyed SET Index by 11 points.

– CPF applied maximum health measures for the safety of workers and food products after a discovery of Covid-19 at its poultry slaughter house in Saraburi.

– STGT fell slightly after the report of a temporary halt on its two factories in the southern region of Thailand due to a Covid-19 discovery among workers.

– GULF expected a same-day tender offer for INTUCH and ADVANC to lower the risk of fluctuation in share prices and to minimize confusion of ADVANC’s shareholders.

– CGS is positive towards the SET Index this week, expecting the market will prioritize vaccine rollout over the number of Covid-19 cases and giving an “Accumulative-Buy” rating on Domestic Plays.

– JWD rose 15.57% to close at Bt14.10 per share. The analyst expected the company to report more than 100 million baht of earnings in 2Q21, giving a TP of Bt14.50 per share.

– ITD and NWR Joint Venture signed a contract with the Metropolitan Waterworks Authority for the construction of water tunnels along Ratchapruek Road.

– DBSVS believes that demand for IC will continue strong, giving HANA a BUY rating with a target price at Bt65.50 per share.

– IP signed a 5-year MOU with Prince of Songkla University to extend research and development on kratom and kratom extract.

– Stocks in Focus on May 31, 2021: WICE (Maybank Kim Eng TP at ฿9.00/share) and PTG (KTBST Securities TP at ฿25.00/share).

 

Top 10 Most Impact Shares on May 31, 2021