Thai Stock Market Roundup on June 9, 2021

– SET Index closed at 1,626.27 points, increased 13.39 points or 0.83% with a trading value of 94 billion baht. The analyst stated that the Thai stock market outperformed other markets that traded cautiously in concerns over the upcoming announcement of the U.S. inflation rate tomorrow, which could impact the monetary policy.

The Thai stock market was buoyed by the sentiment from country-wide vaccination. The analyst expected SET Index tomorrow to move sideways with a support level at 1,600 points and a resistance level at 1,630-1,635 points.

– Foreign Investors continued to support SET Index along with Local Institutions with a total net buy of 4.6 billion baht.

– The World Bank revised up the global economy in 2021 to 5.6 percent due to strong recovery from major economies. The U.S. was projected to expand 6.8 percent and China to grow 8.5 percent.

– PTTGC completed the deal with PTT in the transfer of 358,936,756 shares of GPSC. The company expected to record 25,126 million baht from the deal.

– HANA rose 8.24% to close at ฿69.00/share. The analyst recommended “BUY” on strong demand and weakened Thai baht.

– KBANK gained 2.81% to close at ฿128.00/share. Analysts pointed out the low P/BV and recommended to accumulate.

– TRIS affirmed A+ rating on BANPU to reflect its leading position in the coal industry, while maintaining a stable outlook.

– EA jumped 5.37% after signing an MOU to collaborate and produce “Smart Energy EGAT X EA” in preparation for the future transition to renewable energies.

– Stocks in Focus on June 9, 2021: NYT (Maybank Kim Eng TP at ฿5.30/share) and TPIPP (Maybank Kim Eng TP at ฿5.00/share).

Top 10 Most Impact Shares on June 9, 2021