Thai Stock Market Roundup on April 8, 2021

A short summary to inform investors of significant developments in the Thai stock market on April 8, 2021.

– SET Index closed at 1,558.83 points, increased 2.27 points or 0.15% with a trading value of 83.6 billion baht. The analyst stated that the analyst stated SET Index made a technical rebound after a series of plummets due to concerns over the new spread of Covid-19. Meanwhile, the government announced that there will be no lockdown regarding the new spread, causing tension to ease. However, the analyst advised investors to monitor the new Covid-19 cases daily that remained high at the moment.

In the meantime, the global economic outlook remains positive as service PMI of China, the U.S. and Europe came out positively.

The analyst expected SET Index to continue moving in sideways trends, giving a support level at 1,550-1,530 points and a resistance level at 1,575 points.

– Individuals and Foreign Investors buoyed SET Index to close 2.27 points higher with a 1.4 billion baht of net buy.

– BCPG’s AGM approved a dividend payment of Bt0.17, handing out on April 21, 2021.

– SET allowed temporary trading for THAI and POST on April 16 – May 17, 2021.

– PTG expected to appoint SCBS as FA to list “Palm Complex” into the stock market, expecting an IPO in 2Q22.

– BCH gained more than 4% as analysts expected Covid-19 tests to boost 1Q21 earnings.

– The analyst expected ITEL to grow sustainably with the new S-Curve business, recommending “BUY” at ฿6.40/share.

– ASPS saw opportunities to accumulate stocks amid SET’s slowdown, raising TQM as top picks.

– Stocks in Focus on April 8, 2021: CPF (Maybank Kim Eng TP at ฿45.25/share) and TQM (KGI Securities Consensus TP at ฿150.70/share).