Thai Stock Market Roundup on June 4, 2021

– SET Index closed at 1,611.53 points, decreased 6.02 points or 0.37% with a trading value of 106 billion baht. The analyst stated that the Thai stock market moved in both positive and negative territory as investors were monitoring the upcoming announcement of the U.S. nonfarm payroll that could indicate the Fed’s policy scheduled to be held on 15-16 June.

As for domestic factors, the Thai stock market continued to receive positive sentiment on the vaccine rollout and alternation vaccine options, resulting in an increase in Domestic-Play stocks and those with reopening themes.

The analyst expected a support level for next week at 1,580 points and a resistance level at 1,630 points.

– Local Institutions withdrew 5.2 billion baht from the Thai stock market, plunging SET Index by 6 points.

– Joe Biden executed an order to bar U.S. investments in 59 Chinese companies with alleged ties to the country’s military and surveillance.

– FSS International Investment Advisory expected value stocks relative to growth could outperform to drive the SET index in June 2021.

– HMPRO temporarily closed HomePro Ekamai-Ramintra for three days to sanitize the place, prioritizing the health and safety of every staff and customer.

– The share price of BEC edged higher on Friday as analysts had a positive outlook on 2021E performance, giving a “BUY” rating with a TP as high as Bt19 per share.

– NRF extended its gain on upcoming hemp investments. The analyst gave a caution for investors as the P/E went over 100x.

– VGI has been assigned a “BUY” rating by four analysts on signs of earnings recovery in 1Q21 (April-June 2021).

– CTBC expected to acquire nearly 11% of the shareholding in LHFG with an asset acquisition of 4.2 billion baht to top up its stake to 46.6%.

– Stocks in Focus on June 4, 2021: CPN (Kasikorn Securities TP at ฿60.00/share) and CRC (Maybank Kim Eng TP at ฿40.00/share).

 

Top 10 Most Impact Shares on June 4, 2021