Thai Stock Market Roundup on April 20, 2021

– SET Index closed at 1,580.04 points, increased 5.13 points or 0.33% with a trading value of 102 billion baht. The analyst stated that the Thai stock market had limited upside after a spike in yesterday’s session without solid drivers amid the new coronavirus outbreak. The analyst stated that due to a fast and sharp incline to 1,580 points, it would be typical for a profit taking to occur.

The analyst advised investors to monitor the earnings of Thai banks in this upcoming days, giving a support level for tomorrow’s session at 1,560 points and a resistance level at 1,585-1,590 points.

– Local Institutions and Proprietary Trading made a net buy of 1.6 billion baht to buoy SET Index by 5 points and ward off Individuals’ 1.3 billion baht selloff.

– TMB recorded a drop of 33% in 1Q21 earnings from lower income.

– KBANK’s 1Q earnings jumped 44% from higher income, maintaining NPL at 3.93%.

– KKP’s 1Q21 earnings edged slightly lower after setting aside higher ECL.

– GULF invested 130 million baht to top up stakeholding in PTT NGD to 42%.

– IND signed a supervision contract worth 8 million baht for Bangkhen water supply plant.

– TRITN acquired a telecommunications systems  project for a double-track train connecting Lopburi – Pak Nam Bho worth 360 million baht.

– BPP announced a commercial of date of a 543MW IGCC Power Plant in Japan.

– GULF rebounded 6.20% to Bt34.25 after affirming no capital increase to tender INTUCH.

– Stocks in Focus on April 20, 2021: KTC (KTB Securities TP at ฿90.00/share) and SISB (TISCO Securities TP at ฿14.00/share).

 

Top 10 Most Impact Shares on April 20, 2021