Asia Wealth Securities (AWS) released an analysis for the trading session on November 23, 2020, indicating the essential events in the stock market as follows:
The overall investment today – AWS expected the SET this week (23 – 27 Nov) to move in the range of 1,365-1,421 points. The SET Index still has a chance to fluctuate in the side-way up framework due to the risk on the situation. In November, it increased by 194 points (+16%).
This week, following domestic political issues after the People’s Party in 2020, there will be a large gathering in front of the Crown Property Office to pressure the government while foreign factors need to follow up with the ECB Monetary Policy Statement on 26 Nov and the minutes of the Federal Reserve’s Monetary Policy Committee meeting held on 4-5 Nov, including the implementation of China’s policy. There is a plan to take strict internet industry regulatory measures to prevent market monopoly.
For investment strategy, AWS still recommended investing for short-term speculation or investors who hold stocks in the past 1 – 2 weeks, recommending gradually to take profit from some stocks to reduce the risk of market fluctuation.
BoT has adjusted foreign exchange rate measures. AWS looked positive over the long-term – BoT revises Thai exchange rate market measures to help reduce the pressure on the baht and solve structural problems.
AWS research assesses to be neutral in the short-term since it is a measure for restructuring and rules of the foreign exchange market. This is a gradual change in the behavior of the target audience which will have a positive effect in the long run because it increases the freedom of capital circulation of Thailand which will make it more efficient.
The measure for identification registration for bond trading limits the scope of the free market, but it is useful for the BoT to be able to monitor investors’ investment behavior and be ready to handle the situation in the future.
AWS had chosen BBL, KKP and TISCO as the Top Pick for the banking group.
Technical View – Today, AWS expected the SET Index to move between 1,373-1,412 points. The recommended stocks are STEC, TMB, BLA, CPF and MAJOR.
1) Global Play (Trading within 1 month) – PTT, SCC, PTTEP, TOP, PTTGC, IVL, CPF and TU
2) Stocks which obtained the benefit from the nearest successful of COVID-19 vaccine (Trading within 1 month) – AOT, AAV, BA, ERW, M, CRC, CENTEL, MINT, WHA and AMATA
3) Dividend Play (Middle-term trading 6-12 months) – SC, LH, QH, KKP, TISCO, RATCH, DIF, INTUCH, EASTW and TTW
4) Long term accumulative stocks (DCA) (Long-term trading over 1 year) – AOT, BEM, ADVANC, WHA, LH, CPALL, CPF, BDMS, HMPRO, BBL and KTB