Thai Stock Market Roundup on April 2, 2021

A short summary to inform investors of significant developments in the Thai stock market on April 2, 2021.


SET Index closed at 1,596.27 points, increased 1.15 points or 0.07% with a trading value of 76.5 billion baht. The analyst stated that SET Index closed slightly higher after a surge above 1,600 level during the day, but the profit-taking caused the momentum to continue downward. Without a new catalyst, SET was unable to maintain above the 1,600 resistance level.

The analyst stated that the market might be able to continue the climb next week, giving a support level at 1,580-1,570 points and a resistance level at 1,620 points.

– A selloff from Foreign Investors, Proprietary Trading and Institutions erased most of the gain in SET Index to close slightly higher by 1.15 points.

Thailand approved Pfizer and Moderna to prepare for the reopening of Phuket in July.

SAMTEL signed a ฿290Mn contract with PEA to install power transformation monitoring system.

IRPC extended the gain to Bt4.08 with a 5-year strategic plan to support future projects.

– The analyst expected IP’s earnings to rise in 2021, recommending “BUY” with a target price of ฿27.10/share.

SONIC jumped 6% to, expecting 20% revenue growth in 2021.

WORK rose 15% to a new high in 18 months. The analyst revised up 2021 earnings growth to 41%.

– Stocks in Focus on April 2, 2021: KKP (Maybank Kim Eng TP at ฿70.00/share) and BBL (Krungsri Securities TP at ฿155.00/share).

 

Top  10 Most Impact Shares on April 2, 2021

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