Thai Stock Market Roundup on January 28, 2021

- SET Index closed at 1,468.51 points, decreased 29.62 points or 1.98% with a trading value of 92.6 billion baht. The analyst stated that SET Index moved in a negative territory all day in the same direction of regional markets as well as European markets after a disappointment in the Fed for not introducing more stimulus plans to support the economy, while maintaining the policy rate near zero. Moreover, there was a rumour that concerned the market regarding the ECB in cutting interest rate, causing investors to sell their assets.

The analyst expected SET Index to rebound tomorrow after a sharp plunge, giving a movement range at 1,460-1,490 points.

- Individuals invested 7.3 billion baht on Thai shares to buy the dips amid huge selloff.

- Fed maintained interest rates and QE but no new stimulus measures.

- ThaiBev’s brewery-unit spinoff expected to raise $10Bn IPO filing in SGX next week.

- THAI requested the final extension for rehabilitation plans to March 2, 2021.

- GUNKUL expected a 2020 earnings to top ฿3Bn as the analyst recommended “BUY” at ฿3.25/share.

- RBF hit a record high, breaking analysts’ target price in an anticipation of medical-used cannabis.

- IVL revealed a 3-year strategic plan to double EBITDA and deliver double-digit ROCE.

- BEAUTY expected to turn around in 2021, focusing in expanding selling channels and joining partners in China.

- Consensus rated “BUY” on OSP, expecting high 2021 earnings and cannabis beverages.

- The analyst eyed SISB after booking income from the new semester, recommending “BUY” at a target price of Bt12.00/share.

- SCC targeted 5% of growth in 2021 with ฿75Bn budget to focus on petrochemicals in Vietnam.

- PTTEP reported a net profit of ฿22.6Bn in 2020, handing out a dividend at Bt2.75/share.

- Stocks in Focus on January 28, 2021: MTC (Kasikorn Securities TP at ฿79.00/share) and NRF (Finansia Securities TP at ฿9.00/share).

Top 10 Most Impact Shares on January 28, 2021