Thailand’s Securities Analysts Association and 26 analysts believe that stocks in the food, banking, construction, commerce, and healthcare sectors will outperform the market in the second half of this year, and thus give performance ratings of overweight. BDMS, BEM, CPALL, GPSC, KBANK, and TU are Top Picks. While recommending investors to weigh stocks in agriculture, petrochemical, steel and electronics less heavily in their portfolios.
New survey findings from Securities Analysts Association (Thailand) (SAA) revealed that 26 analysts and fund managers presume that the global economic recovery and vaccination campaign in Thailand will have a significant positive impact on the market investment outlook in the second half of 2021, but it may be pressured by fears of global QE cut and the US is likely to increase its policy interest rate.
Foreign fund outflows and Thailand’s political stability might also frighten the market.
On the other hand, analysts advise investors to avoid hotel and airline stocks, as well as an electronic share that gained more than 1,000% last year, as they may deliver a lower return than the benchmark.