Thai Stock Market Roundup on May 31, 2021

A short summary to inform investors of significant developments in the Thai stock market on May 31, 2021.


SET Index closed at 1,593.59 points, increased 11.61 points or 0.73% with a trading value of 79.8 billion baht. The analyst stated that the Thai stock market performed better than expected in today’s session amid hopes for a vaccine rollout in June and the relaxation of Covid-19 measures to reopen some business such as spa, museum and skin-care clinic etc.

The analyst expected SET Index to test the resistance level at 1,600 points tomorrow, giving a support level at 1,580 points and advising investors to monitor OPEC’s meeting tomorrow.

– The fund inflow from Foreign Investors buoyed SET Index by 11 points.

CPF applied maximum health measures for the safety of workers and food products after a discovery of Covid-19 at its poultry slaughter house in Saraburi.

STGT fell slightly after the report of a temporary halt on its two factories in the southern region of Thailand due to a Covid-19 discovery among workers.

GULF expected a same-day tender offer for INTUCH and ADVANC to lower the risk of fluctuation in share prices and to minimize confusion of ADVANC’s shareholders.

CGS is positive towards the SET Index this week, expecting the market will prioritize vaccine rollout over the number of Covid-19 cases and giving an “Accumulative-Buy” rating on Domestic Plays.

JWD rose 15.57% to close at Bt14.10 per share. The analyst expected the company to report more than 100 million baht of earnings in 2Q21, giving a TP of Bt14.50 per share.

ITD and NWR Joint Venture signed a contract with the Metropolitan Waterworks Authority for the construction of water tunnels along Ratchapruek Road.

DBSVS believes that demand for IC will continue strong, giving HANA a BUY rating with a target price at Bt65.50 per share.

IP signed a 5-year MOU with Prince of Songkla University to extend research and development on kratom and kratom extract.

– Stocks in Focus on May 31, 2021: WICE (Maybank Kim Eng TP at ฿9.00/share) and PTG (KTBST Securities TP at ฿25.00/share).

 

Top 10 Most Impact Shares on May 31, 2021

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