Thai Stock Market Roundup on August 6, 2021

– SET Index closed at 1,521.72 points, decreased 5.94 points or 0.39% with a trading value of 82.6 billion baht. The analyst stated that the volatility in the Thai stock market was due to the severeness of Covid-19 situation in Thailand, while being the last trading day of the week, causing investors to sell to lower the unforeseen risk during the weekend.

However, some stocks started to have attractive valuations after the plummet in the Thai stock market.

The analyst recommended investors to monitor the 2Q21 earnings season and the Covid-19 situation, giving a support level for next week at 1,500 points and a resistance level at 1,550 points.

– Foreign Investors, Prop Trade and Institutions plunged SET Index by 6pts with a combined 2.5 billion baht of net sell.

– PTT issued 5 trenches of debentures worth THB47 billion for institutional and high net worth investors.

– Three analysts gave “BUY” recommendations on IVL after reporting significant growth in 2Q21 earnings by 50 folds.

– SPVI reported a 45% earnings growth in the second quarter of 2021 as work from home and online learning boost demand for electronic devices.

– The share price of GLOBAL fell a total of 9% in the 4-day losing streak as concerns over store closures grew.

– JMT said that the company had no impact from BOT’s slashing debt collection fees as shares bounced back.

– Five analysts unanimously downgraded HMPRO’s 2021 earnings forecasts and target prices, but maintained “BUY” ratings.

– Stocks in Focus on August 6, 2021: PTTEP (Asia Wealth Securities TP at ฿140.00/share) and SMT (Finansia Syrus Securities TP at ฿8.00/share).

Top 10 Most Impact Shares on August 6, 2021