Thai Stock Market Roundup on August 5, 2021
A brief summary of major changes and significant developments in the Thai stock market on August 5, 2021.
A brief summary of major changes and significant developments in the Thai stock market on August 5, 2021.
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– SET Index closed at 1,527.66 points, decreased 18.20 points or 1.18% with a trading value of 81.2 billion baht. The analyst stated that the Thai stock market snapped its two-winning streak, dragged by power-generation and banking stocks amid rising Covid-19 cases. Stocks that outperformed today were exports-related stocks that benefited from weakening Thai baht. However, the lack of fund inflow still made a negative sentiment to the market.
The analyst expected SET Index to rebound tomorrow after a huge plummet, but the market would still remain volatile, following the Covid-19 situation. In addition, the analyst gave a support level at 1,520 points and a resistance level at 1,540 points.
– Foreign Investors withdrew 5,047 million baht from the Thai stock market, resulting in a drop of 18 points in SET Index.
– Thailand’s Consumer Price Index (CPI) rose for the fourth consecutive month in July, mainly attributed to a government program aimed at easing residents’ cost of living burden.
– INSET reported a 23% growth in 2Q21 earnings, mainly due to telecommunications and transportation infrastructure business.
– NOK announced that its creditors approved the rehabilitation plan and appointed four administrators for the plan.
– TusPark WHA partners with Chulalongkorn School of integrated innovation for research and development collaboration.
– MBKET has given a “BUY” rating on TIDLOR with a target price of 50 baht in anticipation of loan to grow by 16-18% in 2021-2023 on the back of branch expansion and loan demand recovery off a low base.
– As for the performance in 2Q21, the net profit of LPN decreased 22.31% to 120.99 million baht, due to a lower income from sales of residential condominium projects.
– IVL reports record Core EBITDA in the second quarter, and forecasts continued growth as global markets recover from the pandemic.
– SABUY reported a net profit for 2Q21 of THB 47.1 million, an increase of 157.2% YoY, which was in accordance with the growth in gross profit together with enhanced efficiency in cost management for administrative expenses.
– Stocks in Focus on August 5, 2021: EPG (Krungsri Securities TP at ฿16.00/share) and SAPPE (Maybank Kim Eng Securities TP at ฿31.00/share).
 
Top 10 Most Impact Shares on August 5, 2021
