Thai Stock Market Roundup on April 7, 2021

– SET Index closed at 1,556.56 points, decreased 23.10 points or 1.46% with a trading value of 107 billion baht. The analyst stated that the Thai stock market plunged 23 points due to the negative sentiment on rising coronavirus cases and a discovery of a British variant among the new cluster that has a high contagious rate.

The analyst expected tomorrow’s trading session to slow down, hoping the index to close above 1,560 points.

– Local Institutions withdrew more than 5,000 million baht from the Thai stock market, plunging SET Index by 23 points.

– BA expected to resume international routes in the middle of this year, seeing a return in net profit by 2024.

– GUNKUL established a subsidiary to study the investment in hemp projects.

– STGT jumped 6.55% amid rising coronavirus cases in Thailand and Europe.

– Aviation and hotel stocks edged lower amid concerns over new clusters and rising Covid-19 cases.

– Thailand’s Minister of Transport tested positive for coronavirus.

– The analyst saw more upside for CPF in 2021, recommended BUY at Bt39.00 per share.

– NRF plunged nearly 9% after breaking most analysts target prices over hemp-business momentum.

– SIRI and MK established new subsidiaries to develop land for sale and infrastructure and facilities.

– MINT issued a ฿350Mn debenture through private placement with a 3.10% coupon rate.

– Analysts saw the momentum for rubber gloves to continue, expecting STGT earnings to reach ฿10Bn in 1Q.

– CPF highlighted “food security” as a strategic key for sustainable business.

– DBSVS saw less impact from the Myanmar Crisis on MEGA, recommending “BUY” with a target price of ฿45.00/share.

– IND signed a ฿5.1Mn contract for the study of fuel pipeline system at Suvarnabhumi Airport.

– SET reported TPIPL’s big lot transactions of 1.3Bn shares, 24% higher than the trading board.

– Stocks in Focus on April 7, 2021: SCGP (Krungsri Securities TP at ฿52.00/share) and ITEL (Finansia Syrus Securities TP at ฿6.40/share).