Thai Stock Market Roundup on February 22, 2021
A short summary to inform investors of what had happened in the Thai stock market on February 22, 2021.
A short summary to inform investors of what had happened in the Thai stock market on February 22, 2021.
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– SET Index closed at 1,478.14 points, decreased 22.37 points or 1.49% with a trading value of 89.8 billion baht. The analyst stated that the Thai stock market faced continuous selling pressure from local institutions and foreign investors since last week due to a sharp incline of U.S. bond yields, causing a prompt adjustment in the portfolio.
In addition, the analyst recommended investors to keep monitoring the 4Q earnings season that should be mostly complete within this week, giving a support level for tomorrow’s session at 1,460 points and a resistance level at 1,490 points.
– Individuals scooped Thai shares at a lower price amid 6.5 billion baht selloff from Local Institutions, Foreign Investors and Proprietary Trading.
– Goldman Sachs upgraded outlook on Brent forecast to $75/bbl on lower expected inventories.
– STGT expected a 0.5% decline of production volume in 2021 after the fire incident.
– IRPC expected EBITDA to reach 20 billion baht in 2025.
– TRUE invested ฿47Mn to acquire 60.72% in “Chiiwii” to strengthen digital health strategy.
– MAKRO’s 2020 profit rose 5% from store expansions, offering Bt0.60 dividend payment.
– The new normal drove SYNEX’s 2020 earnings by 23%, offering a dividend of ฿0.40/share.
– TPIPL reported an increase of 7.5% in 2020 profit amid declining expenses.
– CBG fell 4.33% as 4Q20 earnings missed the market forecasts due to lower exports to CLMV.
– SABINA aimed for 15% record-high growth of ฿3.4Bn in 2021, while targeting 20% expansion in NSR.
– Analysts revised up PSL’s earning growth in 2021-22 significantly, recommending ”BUY” at Bt12.00/share.
– IVL received Green Industry Level 5 award to underscore commitment to sustainability.
– TU reported record earnings of ฿6.2Bn in 2020, offering a dividend of ฿0.40/share.
– Stocks in Focus on February 22, 2021: SCB (Kasikorn Securities TP at ฿117.00/share) and CPF (Krungsri Securities TP at ฿42.20/share).
Top 10 Most Impact Shares on February 22, 2021
