Thai Stock Market Roundup on October 4, 2021

A brief summary of major changes and significant developments in the Thai stock market on October 4, 2021.

SET Index closed at 1,614.48 points, increased 9.31 points or 0.58% with a trading value of 78.6 billion baht. The analyst stated that the Thai stock market edged higher as Covid-19 situation started to relax with a lower infection rate, which led to a surge in reopening stocks, while the flood crisis was not severe.

The analyst recommended investors to monitor the OPEC+ meeting later today, expecting tomorrow’s session to move within the 1,600-1,625 range.

– Local Institutions and Individuals combined a 1.3 billion baht of net buy to buoy SET Index by 9 points.

– Trading of Evergrande and its property services unit suspended in the Hong Kong Stock Exchange amid news on major restructuring in a desperate move to raise cash.

BGRIM enters into the Share Purchase Agreement with visaVento Holding AG for acquiring 90% stake in Visa Max Solar Sp.z. for development of ZEL1-14.1 MW Wind Project in Poland.

Credit Suisse sees limited impact on Thai energy stocks from surging LNG prices, pointing out PTTEP to benefit the most from rising crude prices.

– Phillip Securities has given a “BUY” recommendation on IMH with a target price of 18.90 baht, anticipating profit to reach a new record of 170 million baht in 3Q, and to maintain that pace in 4Q.

– Rather than waiting for gradual economic recovery, SCB initiated its first move on unlocking capabilities through digitalization. KBANK and TTB may follow.

CRC, COM7, KBANK and BEM are among top pick stocks that are selected by analysts to benefit from country reopening and new fiscal stimulus measures starting in 4Q21.

– The baht lacks fundamental support factors with economists warning the pair USD/THB might slip more this year.

AP Thailand, on a mission to EMPOWER LIVING, moves on as planned to revive the condo market following positive signs in industry.

– Stocks in Focus on October 4, 2021: NER (Maybank Kim Eng Securities TP at ฿9.00/share) and WHAUP (KGI Securities TP at ฿5.40/share).


Top 10 Most Impact Shares on October 4, 2021

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