Thai Stock Market Roundup on July 27, 2021

A brief summary of major changes and significant developments in the Thai stock market on July 27, 2021.

SET Index closed at 1,537.63 points, decreased 7.47 points or 0.48% with a trading value of 70.2 billion baht. The analyst stated that the Thai stock market closed lower due to the uncontrollable Covid-19 outbreak, posting as a downside risk to the 3Q21 performance, coupled with the upcoming holiday, resulting in a low trading volume.

The analyst advised investors to monitor the earnings season of U.S. tech stocks and the FOMC meeting on 27-28 July, while expecting SET Index to continue moving in sideways trends on Thursday with a support level at 1,530-1,515 points and a resistance level at 1.550 points.

– Foreign Investors withdrew 2.6 billion baht from the Thai stock market, plunging SET Index by 7.5pts.

China‘s major industrial companies saw profit increase by 66.9% YoY in 1H21 amid stable recovery in market demand.

COTTO announced a net profit of 177 million baht in 2Q21, increased 328%.

JTS will invest 156 million baht to purchase 500 bitcoin mining machines, vowing to protect shareholders from the risk of mining business.

STGT will invest 11 billion baht to establish four new factories with a target of 100 billion pieces of production by 2026.

SCGP announced a 19% increase in 2Q21 earnings due to organic growth while offering a Bt0.25 dividend payment.

– Maybank Kim Eng Securities (Thailand) saw limited downside on Thai banks, advising to accumulate KBANK and TISCO on weakness.

– As the SET is pressured by the new wave of Covid-19, Asia Plus Securities is looking for safe havens, recommending stocks in PKG, ETRON, HELTH, FOOD, and AGRI.

Origin Property entered into a joint venture with T3 Stroke Nursing Home to establish Physical Therapy Clinic and United Clinic.

HMPRO reported a 52% increase in 2Q21 earnings as gross profit margin and sales revenue grew.

– Stocks in Focus on July 27, 2021: JWD (Finansia Syrus Securities TP at ฿18.00/share) and HMPRO (Krungsri Securities TP at ฿16.00/share).


Top 10 Most Impact Shares on July 27, 2021

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