Thai Stock Market Roundup on January 22, 2021

A short summary to inform investors of what had happened in the Thai stock market on January 22, 2021.

SET Index closed at 1,497.88 points, decreased 15.63 points or 1.03% with a trading value of 96.6 billion baht. The analyst stated that the Thai stock market edged lower in the same direction of regional markets as well as the European markets and Dow Jones Futures after the Eurozone PMI shrank again amid rising of the new variant of coronavirus that forced more lockdowns in the bloc.

The valuation in the Thai stock market started to get tighter without new positive factors to drive the market. The analyst expected SET Index to rebase next week, giving a support level at 1,480 points and a resistance level at 1,505-1,510 points. The next resistance level will be 1,530 points.

– Local Institutions, Proprietary Trading and Foreign Investors combined a net sell of 4.2 billion baht to drop SET by 15.63 points amid Covid-19 concerns.

– The new free-float measure is expected to boost BANK, HELTH and ICT plays.

INGRS increased paid-up capital in its subsidiary in Indonesia to boost shareholding to 76%.

TFG expected its production capacity to increase to 15 billion tonnes in 2021 to ramp up the revenue by 15% as planned.

SCB targeted 3-5% of loan growth in 2021 as coverage ratio remained at a higher level.

SPA reopened 22 branches with full Covid-19 preventive measures.

Thai exports in 2020 beat all expectations to report lower contraction at 6.01%.

KBANK continued to rally by 3.2% in response to better-than-expected 4Q earnings, while the adjustment of free float measures could benefit the company as well.

CPF was delighted by investor confidence and demand for 5-series debentures that led to an oversubscribed.

CPF pursued sustainability through food security and circular economy.

RBF expected growth to continue in 2021, advancing to penetrate the international market as projected.

– Stocks in Focus on January 22, 2021: MAJOR (Krungsri Securities TP at ฿23.00/share) and VL (Maybank Kim Eng TP at ฿1.85/share).

Top 10 Most Impact Shares on January 22, 2021