Thai Stock Market Roundup on May 6, 2021

A short summary to inform investors of significant developments in the Thai stock market on May 6, 2021.

SET Index closed at 1,571.91 points, increased 22.69 points or 1.46% with a trading value of 91.3 billion baht. The analyst stated that the Thai stock market edged higher than expected, buoyed by various positive factors such as the vaccine rollout and more to come in a later date, coupled with the government enabling private companies to import vaccines, which could boost vaccination rate.

As for the Thai market, the relief package from the government boosted the market sentiment and economy, coupled with a technical rebound after the index moved higher than 1,550 points.

The analyst recommended investors to monitor the Covid-19 situation in Thailand and the earnings season of listed companies in which the big-cap companies that released its earnings earlier were better-than-expected, which could result in a revised financial estimation later this month.

In addition, the analyst expected SET Index to edge higher but with limited upside, giving a support level at 1,550 points and a resistance level at 1,580-1,590 points.

– Foreign Investors returned with a net buy of 1.1 billion baht to buoy SET Index by 22 points.

– Stock Exchange of Thailand delayed the implementation of the new free float measure for SET50 and SET100 due to rejections after the hearing.

INSET reported a net profit of 22.84 million baht in 1Q21, representing an increase by 14% from the same period of last year.

STGT plans to open three more factories in 2021 to ramp up its production capacity, targeting to reach 100,000 million pieces by 2026.

– DBSVS expected stocks in the hotel sector could face deeper loss in 2Q as uncertainty from Covid-19 outbreak remains in Thailand.

– 1Q21 net profit of LPN decreased 43.35% YoY as the income from sales of residential condominiums decreased 39.75% since the income from the backlog had been recognized in 4Q20.

IVL reported an outstanding growth for its 1Q21 earnings, recording a net profit of 6,008 million baht, an increase of 953% from a net profit of 570 million baht in 1Q20.

– EXIM Thailand Finances SUPER Group’s Development of a new wind power plant in Vietnam in line with the policy on building the new S-curve industries and bio-circular-green economy.

– Stocks in Focus on May 6, 2021: JMART (Maybank Kim Eng TP at ฿44.50/share) and ADVANC (Krungsri Securities TP at ฿210.00/share).


Top 10 Most Impact Shares on May 6, 2021

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