Thai Stock Market Roundup on September 6, 2021

A brief summary of major changes and significant developments in the Thai stock market on September 6, 2021.

SET Index closed at 1,648.37 points, decreased 1.96 points or 0.12% with a trading value of 78.3 billion baht. The analyst stated that the Thai stock market moved sideways in a rebasing position without positive catalysts.

For the domestic event, the analyst recommended to monitor the CCSA meeting that the market speculated a termination of the emergency decree. Meanwhile, the analyst advised keeping an eye on China’s imports/exports data and the ECB meeting later this week for overseas events.

In addition, the analyst expected Thai stock market to continue rebasing, giving a support level at 1,640 points and a resistance level at 1,655-1,658 points.

– Local Institutions and Foreign Investors withdrew 2.9 billion baht from the Thai stock market, resulting in a 2pts plummet in today’s session.

– Saudi Arabia’s state oil giant Saudi Aramco on Sunday announced to cut prices of crude grades sold to the Asian region by at least $1/barrel.

– Thailand’s headline consumer price index (CPI) dropped by 0.02% YoY in August.

PTTEP established two subsidiaries; Asia Power and Transportation SG Holding Pte. Ltd. and Delta Gas Transportation SG Holding Pte. Ltd., to support future investments.

B.Grimm Power cut its 30% stake in B.Grimm Power (Angthong) 2 Limited and B.Grimm Power (Angthong) 3 Limited to Singha Estate Public Company Limited to acquire 1,630 million baht from the investment.

CPN won the bidding for Block A in Siam Square, which will add a lucrative revenue stream to its books.

– TRIS Rating sees the Entire Business Transfer of CPRH to MAKRO having no immediate impact on the ratings on CPALL and CPF.

CPF acquired two seafood businesses in Poland worth 101 million baht to expand its portfolio and customer base.

TEAMG signed the Consultancy Contract for Construction supervision of water transmission tunnel and related work (Contract SV-903) under the 9th Bangkok Water Supply Improvement Project worth 177.95 million baht.

RT announced a new project in September 2021, with a total value of 599,100,789.00 Baht.

– Stocks in Focus on September 6, 2021: BAM (KGI Securities TP at ฿22.00/share) and SCGP (Finansia Syrus Securities TP at ฿82.00/share).


Top 10 Most Impact Shares on September 6, 2021

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