Top 14 Shares to Kick Off for a Hike from Thai’s Election

Royal Thai Government Gazette has issued a decree calling for an election, sending positive sentiment to various sectors in the stock market including media stocks, construction stocks, banks, and industrial estates.

Regarding the announcement of Royal Thai Government Gazette issuing a decree calling for an election, which can be implied that the election date would be on March 24, 2019. There are several stocks that would get a huge benefit from this election.

Kaohoon Online” has picked top 14 shares that, by expectation, would have outstanding gains from the election.

 

Starting with media stocks that would have a higher demand on advertising media for political parties such as PLAN B Media Public Company Limited (PLANB) and T.K.S. Technologies Public Company Limited (TKS).

 

Construction stocks would acquire more projects after the election as the new government always comes with more new projects. As of now, there are a total of 24 projects waiting for an auction in 2019, totaling 822 billion baht.

Currently, the backlog of all 13 listed construction companies can be combined for a total of 450 billion baht with a period of two years recognition. Three top picks from construction stocks are Sino-Thai Engineering and Construction Public Company Limited (STEC), CH. Karnchang Public Company Limited (CK), and SEAFCO Public Company Limited (SEAFCO), while The Siam Cement Public Company Limited (SCC) will acquire more orders as well as a construction material provider.

 

The banks are the beneficiaries from loans, which have been expecting to grow 6.3% in 2019 with a boost in the second quarter of the year along with interest rates. Top picks of the banks are The Siam Commercial Bank Public Company Limited (SCB), Kasikornbank Public Company Limited (KBANK), and Bangkok Bank Public Company Limited (BBL).

 

Furthermore, there are some interesting stocks such as industrial estate sector that would attract more foreign investors after a firm election date has been announced, regaining their confidence to invest in Thailand, while the EEC projects also sent positive sentiment to this sector. Top pick shares from this group are WHA Corporation Public Company Limited (WHA), and Amata Corporation Public Company Limited (AMATA).

 

Lastly, the election will heighten Thai’s economy, making retail stocks to be the beneficiary. The companies in this sector are Berli Junker Public Company Limited (BJC), Siam Makro Public Company Limited (MAKRO), and CP All Public Company Limited (CPALL).