Globlex Secs. Picks 8 Stocks that Would Benefit from Rising Oil Price and Export Recovery
Globlex Securities forecasted that concerns about the Covid-19 outbreak are more likely to put downward pressure on the Index. As a result, there is a possibility of a Sell in May.
In May, Globlex Securities (GBS) forecasted the Thai stock exchange’s outlook, stating that concerns about the Covid-19 outbreak are more likely to put downward pressure on the Index. As a result, there is a possibility of a Sell in May.
When the reporting period for operating results concludes, the securities company will revise the listed companies’ outlook to reflect the third wave of Covid-19’s effect on their performance. GBS forecasted that the SET Index would move between 1,550 and 1,630 points this month.
GBS pointed out that in May, the Covid-19 situation affecting the Thai economy and the GDP forecast should be closely monitored.
The minutes of the meeting were made public by international economic players, including the Bank of Japan (BOJ). Bank of England meeting (BoE). The European Union’s release of March retail sales figures and the United States’ release of April unemployment claims data all represent the economic recovery and have a significant effect on the Thai economy.
As a consequence, GBS favors investing in stocks like PTTEP, PTTGC, IVL, and IRPC, which will benefit from rising crude oil prices, as well as stocks like STA, NER, TWPC, and ASIAN, that will benefit from higher exports in the first quarter.