Thai Stock Market Roundup on June 7, 2021
A short summary to inform investors of significant developments in the Thai stock market on June 7 2021.
– SET Index closed at 1,612.59 points, increased 1.06 points or 0.07% with a trading value of 88.4 billion baht. The analyst stated that the Thai stock market edged higher, especially in the morning session in response to the wide vaccination in the country.
Meanwhile, other stock markets in Asia, Europe and Dow Jones Futures were ups and downs after the report of U.S. non-farm payroll that missed expectations, but still posted a growing result.
In addition, the analyst recommended investors to monitor the vaccine rollout, which would lead to easing Covid-19 restrictions and border reopening, giving a support level for tomorrow’s session at 1,605 points and a resistance level at 1,625 points.
– Individuals and Proprietary Trading net bought Thai shares for 1.26 billion baht to ward off Foreign Investors’ selloff.
– BANPU acquired two solar farms in Australia with a total generation capacity of 166.8 MWdc. The company expected to achieve 6,300MW capacity by 2025.
– EGCO announced the completion of the acquisition of Linden Topco, which owns a 972 MW natural gas-fired combined cycle co-generation facility in the U.S.
– MCS has high trading volume in today’s trading session, following the acquisition of three projects and the stabilization of steel price.
– Airport and airline stocks rose higher in the morning session on Monday, June 7, following the launch of a nationwide Covid-19 vaccination program to mark the country’s first step in the reopening.
– KTBST reiterated a BUY rating on NER but raised the target price to 8.50 baht per share, expecting net profit to make a series of new highs over the next 2-3 years.
– Tris Rating affirmed SAWAD‘s company rating at BBB+ with a stable outlook on strong title loan business.
– Country Group Securities (CGS) recommended Domestic Plays on Thailand’s mass Covid-19 vaccine roll-out.
– Stocks in Focus on June 7, 2021: ORI (Kasikorn Securities TP at ฿10.50/share) and MCS (Maybank Kim Eng TP at ฿18.50/share).
Top 10 Most Impact Shares on June 7, 2021
