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Thai Stock Market Roundup on June 23, 2021
A short summary to inform investors of significant developments in the Thai stock market on June 23, 2021.
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Local Institutions Continue the Selloff as End-2Q21 Drawing Near, MPC Lowers GDP Forecast
The total value of buying and selling separated by the investor's type as of June 23, 2021.
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KTBST Expects a Significant Growth in PTTEP’s 2Q21 Earnings, Raising a TP to ฿142
KTBST has given a “BUY” recommendation on PTT Exploration and Production, with a target price of 142.00 baht, in anticipation of significant growth in 2Q21 core profit.
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KSS Upgrades SCGP Target Price to Bt65 on Strong Integration Strategy
KSS expected SCGP's earnings in 2021-22 to increase 9% and 15%, respectively, on greater synergies of cross-selling and integration strategy.
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Bank of Thailand Slashes 2021 GDP Growth Outlook to 1.8% amid the 3rd Wave of Covid-19
Thailand's Monetary Policy Committee (MPC) lowered its GDP growth forecast for 2021 to 1.8%, citing low foreign tourist arrivals and severe effects from the third wave of Covid-19.
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MPC Maintains Policy Rate at 0.50% as New Covid Waves Delay Economic Recovery
The Monetary Policy Committee unanimously voted to retain the policy rate at 0.50%, as Thailand's economic recovery from the third wave of the Covid-19 pandemic being slower than expected.
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EP Gains 7% in Anticipation of Additional Investing in SSUT
EP rose ฿0.40/share or 6.78% to ฿6.30/share in the morning session on Wednesday, June 23, with a trading value of 98 million baht.
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Bitcoin Briefly Drops below $30,000 as World’s Largest Miner Urge to Stop Crypto Services
Bitcoin briefly dropped below $30,000 yesterday as China, the world's largest miners, urged its institutions to stop crypto services.
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KWM Extends 10% Gain to Bt6.65 as Analyst Expects 126% Increase in 2021 Earnings
The share price of KWM continued to rise as MBKET expected 2021 earnings to increase 126% on higher sales and margin.
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Stocks in Focus on June 23, 2021: SFT and AP
Stocks in Focus on June 23, 2021: SFT (TP at ฿8.00/share) and AP (TP at ฿9.80/share).
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Gov’t Confirms Phuket Sandbox, ASPS Expects Tourism Stocks to Enjoy Country Reopening
The government reaffirmed Phuket's reopening on July 1, 2021, Asia Plus Securities expects aviation and tourism-hotel stocks will enjoy positive sentiment from country reopening.
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MBKET Launches a New Investment Planning Service “Investment Management”
Maybank Kim Eng Securities (Thailand) launched new service "Investment Management”, investment planning service.