Thai Stock Market Roundup on February 4, 2021

– SET Index closed at 1,482.98 points, increased 1.23 points or 0.08% with a trading value of 77.8 billion baht. The analyst stated that the buying pressure in the afternoon buoyed SET Index to close higher, while investors are waiting to see the progress of the U.S. economic stimulus plan, which was expected to come out in a few days, thus, investors were cautiously trading stocks, resulting in a quiet session in Thailand as well.

The banking sector continued to drive the market in response to the announcement of MPC to maintain policy rate, while the rising in oil prices supported the energy stocks to another gain. However, profit-taking in power-generator stocks limited SET Index upside.

As for tomorrow’s session, the analyst expected SET Index to continue moving in sideway trends, giving a support level at 1,470 points and a resistance level at 1,495 points.

– A 2.2 billion baht of net buy from Individuals keep SET Index slightly higher on Thursday.

– China’s Central Bank Injects over ฿15Bn of Liquidity into the Market in a Reverse Repos.

– Asia Plus Securities upgraded JMART’s target price to Bt28 in response to anticipation of its subsidiary SINGER to hit an all-time high in net profit.

– PSTC acquired a construction contract for a biomass power plant SPP hybrid with a production capacity of 26MW.

– The analyst expected the tourism sector to rebound towards the vaccine passport.

– PTTGC budgeted ฿50Bn to expand its investment in EEC.

– IVL jumped 3.31% ahead of a quarterly-earnings peak in 4Q20. The analyst recommended “BUY” at ฿40.00/share.

– Fitch Rating downgraded CPALL‘s National Long-Term Rating to ‘A-(tha)’, from ‘A(tha)’. The outlook remained stable.

– Stocks in Focus on February 4, 2021: TPIPP (Maybank Kim Eng TP at ฿5.00/share) and WHA (Krungsri Securities TP at ฿4.50/share).

 

Top 10 Most Impact Shares on February 4, 2021