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Thai Stock Market Roundup on May 19, 2021

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Thai Stock Market Roundup on May 19, 2021

SET Index closed at 1,562.24 points, decreased 4.56 points or 0.29% with a trading value of 83.5 billion baht. The analyst stated that SET Index moved narrowly in today’s session. The news of the government’s considering a 700 billion baht loan to help stimulate the economy and for remedy the impact from the pandemic support the outlook of Thai economy and the revision of GDP forecast.

Nevertheless, the analyst expected SET Index to continue moving in sideways trends, giving a support level for tomorrow’s session at 1,550 points and a resistance level at 1,570 points.

– A huge selloff worth 2,394 million baht from Foreign Investors plunged SET Index by 0.29%.

SET amends listing requirements under the market capitalization test to facilitate listing of target industries.

PTTEP continued to discover more gas well in offshore Sarawak, Malaysia. The company expected to discover one more well in 2Q21.

THAI‘s creditors approved the business rehabilitation plan, and will be submitted to the Bankruptcy Court within May 28, 2021.

– The share price of SIRI finally slowed down after 3-day speculations on 1Q21 earnings as investors showed concerns on future gross profit.

– The share price of ECL rose more than 29.21% as KGI Securities expected the business to accelerate in 2H when the auctions return to normal.

RCL expanded its fleet by purchasing another vessel at a value of 554 million baht with 16-year working age, 2700 ETU.

– Analysts are positive about MINT following its guidance that earnings would improve significantly in 2H21, in anticipation of European countries lifting the Covid-19 travel restrictions.

– Phillip Securities foresaw STGT‘s operations have already peaked in Q1, however expected STGT to have strong growth in the rest of the year.

BPP revealed 1Q21 operating results with strong profit, focusing on balanced portfolio expansion for sustainable growth.

IND has signed the contract for the permission implementation and correction of construction drawings, and the construction project of the northern oil pipeline system extension (Saraburi-Angthong).

– Stocks in Focus on May 19, 2021: SCGP (Capital Nomura Securities TP at ฿60.00/share) and SABINA (Maybank Kim Eng TP at ฿24.00/share).

 

Top 10 Most Impact Shares on May 19, 2021

The post Thai Stock Market Roundup on May 19, 2021 appeared first on ข่าวหุ้นธุรกิจออนไลน์.

ที่มา: ข่าวหุ้นธุรกิจออนไลน์

วันที่ May 19, 2021, 18:26

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