Thai Stock Market Roundup on August 9, 2021

– SET Index closed at 1,540.19 points, increased 18.47 points or 1.21% with a trading value of 69.8 billion baht. The analyst stated that the Thai stock market closed higher in hopes of a better Covid-19 outlook as the recovery rate edged higher to equal with the new infection rate that dropped slightly below 20,000 cases.

The anticipation of a better situation resulted in a buying pressure on the reopening theme such as AOT and CRC, as well as the banking sector.

In addition, the analyst expected a limited upside in SET Index after today’s surge and the political gathering tomorrow, giving a support level at 1,530 points and a resistance level at 1,547-1,550 points.

– A 2.3 billion baht of net buy from Local Institutions sent SET Index to close higher by 18.47 points.

– Gold Spot dropped to US$1,688.13 per ounce on Sunday as investors speculated on early Fed tapering.

– The Saudi Arabian Oil Company Aramco reported a 288% increase of net profit in 2Q21, driven by higher oil prices and demand recovery.

– Thailand’s Industrial Confidence Index fell to a 14-month low in July, as the Covid-19 outbreak spreads throughout the country and remains uncontrollable.

– GULF and PEA signed a contract on service and maintenance of 115/22 kV switchyard, substation and distribution system.

– DCC announced a 2Q21 operating result ending 30 June 2021 of 453.3 million baht, an increase of 2% with earning per share of 0.052 baht per share.

– TU reported an all-time high net profit in 2Q21 of 2,343 million baht, boosted by record operating profit from strong core businesses and a turnaround of Red Lobster.

– NER‘s earnings surged 95% in 2Q21 and 182% in the 6-month period on a higher sales volume, while handing out a Bt0.07 dividend.

– The share price of PSL dropped 5.15% as Country Group Securities recommended profit taking over tight valuation.

– SUPEREIF recorded a 10% increase of net profit in 2Q21, while offering a THB 0.25204 cash dividend payment.

– BANPU bounced back from a loss to book 1,325 million baht of profit in 2Q21 over higher sales in natural gas and coal business.

– Banpu Power’s earnings in 2Q21 grew 65% from the profit-sharing of HPC, Nakoso and Baht depreciation.

– Stocks in Focus on August 9, 2021: GPSC (Asia Wealth Securities TP at ฿98.00/share) and TU (Maybank Kim Eng Securities TP at ฿24.00/share).

 

Top 10 Most Impact Shares on August 9, 2021