Thai Stock Market Roundup on March 4, 2021
A short summary to inform investors of significant developments in the Thai stock market on March 4, 2021.
A short summary to inform investors of significant developments in the Thai stock market on March 4, 2021.
5 มี.ค. 2564

– SET Index closed at 1,534.11 points, decreased 9.29 points or 0.60% with a trading value of 108 billion baht. The analyst stated that the Thai stock market declined in the same direction as regional markets on a profit-taking after a sharp spike yesterday.
The analyst advised investors to keep an eye on the OPEC+ meeting tonight, giving a support level at 1,525 points and a resistance level at 1,550 points.
– Local Institutions and Proprietary Trading combined a 1.5 billion baht selloff in a profit-taking session to plunge SET by 9 points.
– Analysts expected solid growth in MTC’s hire-purchasing business in 2021, giving a target price as high as Bt85.00/share.
– TU established “Thai Union Lifescience” to produce-distribute supplement products. Meanwhile, the company also joined The Nature Conservancy around a game-changing transparency pledge.
– VGI invested ฿36Mn to acquire “Asia Direct Insurance Broker” to expand income and customer base.
– IMH acquired 100% stake in “Prochapat Hospital” to strengthen income growth.
– Analysts expected NOBLE to pay a high dividend yield at 10.4% in 2021, recommending “BUY” at a target [rice of Bt9.90/share.
– BPP stated that the 1,000MW gas-fired power plant deal in the U.S. is close to completion.
– RBF expected 12% growth in 2021 on food-ingredients business and effective cost management.
– ICHI projected 26% growth in 26% as terpene-infused beverage expected to launch in April.
– MINT expected to rebound in 2021 amid tourism recovery, while revealing ฿25Bn cash on hand.
– BAFS inked the deal to acquire 7 power plants to strengthen its portfolio, while PDI booked ฿1.7Bn from the transaction.
– Stocks in Focus on March 4, 2021: BDMS (KGI Securities TP at ฿26.30/share) and SAWAD (Maybank Kim Eng TP at ฿84.00/share).
 
Top 10 Most Impact Shares on March 4, 2021

 