Thai Stock Market Roundup on April 30, 2021

A short summary to inform investors of significant developments in the Thai stock market on April 30, 2021.

SET Index closed at 1,583.13 points, decreased 7.33 points or 0.46% with a trading value of 85.4 billion baht. The analyst stated that the Thai stock market faced a profit taking after a 2-day surge to reduce unforeseen risks, especially the Covid-19 situation, before a long holiday next week.

The analyst expected fund flow to return to the U.S. market after a report of a better-than-expected 1Q21 GDP at 6.4%.

In addition, the analyst expected SET Index to move between a support level at 1,580-1,560 points and a resistance level at 1,600-1,630 points.

– Foreign Investors single-handedly plunged SET Index by 7.3 points with a net sell of 1.2 billion baht.

– The number of electric vehicles grew at a faster rate. IEA expected to reach 145 million units within 9 years.

NER gained 35% as the analyst expected 1Q21 earnings to skyrocket 450% on higher sales.

– The analyst expected JMART to hit another quarterly high as earnings could grow over 243%. The analyst gave a target price at ฿51.00/share.

DCC jumped 4% on New NP Record in 1Q, Analyst Recomm. “BUY” with TP of ฿3.5

COTTO surged 23%, breaking the analyst’s target price of Bt1.76 with 31% growth in 2021 earnings estimate.

ADVANC reported a stable net profit in 2021 at ฿6.7Bn while being on track to reach 1 million subscribers on 5G network by year’s end.

Brokerage stocks edged higher on Friday, April 30, 2021 as investors speculated on stock prices in anticipation of forthcoming earnings announcements.

SCN established Scan MediHerb to operate hemp and cannabis business.

– Stocks in Focus on April 30, 2021: IP (Finansia Syrus Securities TP at ฿27.00/share) and ATP30 (Maybank Kim Eng TP at ฿1.40/share).

Top 10 Most Impact Shares on April 30, 2021

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