Thai Stock Market Roundup on April 7, 2021

A short summary to inform investors of significant developments in the Thai stock market 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).