KWM Gains 7%, Analyst Expects Solid 2Q Earnings from CBD Sales-Lower Steel Price
KWM rose ฿0.40/share or 7.41% to ฿5.80/share as of 16:10 local time in Thailand, with a trading value of 84 million baht. 
KWM rose ฿0.40/share or 7.41% to ฿5.80/share as of 16:10 local time in Thailand, with a trading value of 84 million baht. 
6 ส.ค. 2564

The share price of K.W. Metal Work Public Company Limited (KWM) rose ฿0.40/share or 7.41% to ฿5.80/share as of 16:10 local time in Thailand, with a trading value of 84 million baht. 
Maybank Kim Eng Securities (Thailand) (MBKET) stated that the decreased trend in global steel prices favors KWM because the company’s costs are obviously linked to steel prices. Additionally, KWM has a positive earnings estimate for 2Q21. MBKET forecasts a net profit increase of 24% year over year but a decline of 16.2% quarter over quarter owing to the low season. While full-year earnings are predicted to grow 25% year on year. KWM also benefits from the hemp business. Support level is at 5.50 baht, while resistance level is at 6.25-6.80 baht.    