Analyst Picks 12 Stocks that Catch Foreign Investors’ Eye
Analyst Picks 12 Stocks that Catch Foreign Investors’ Eye, Seeing Continuity in Economic Recovery as Court Acquits Prayut
The analyst assessed the unanimous decision of the Constitutional Court in dismissing the allegation of the Thai Prime Minister “Prayut” over his living in an army residence for 6 consecutive years after leaving the military would result in consistency in the economic recovery, but the pro-democracy protest could cause investors to slow down their investment, while stock exchange yesterday (Dec 2) showed no respond to the Court’s resolution after closed slight lower, recommending 12 stocks that loomed foreign interest such as SCC (TP ฿430), BGRIM (TP ฿58), KBANK (TP ฿126), etc.
Asia Plus Securities (ASP) stated Thai Constitutional Court ruled General Prayuth Chan-o-cha was not guilty of conflict of interest for staying in military housing beyond his retirement would result in continuity of government operations over economic stimulus plans, but have to monitor the pro-democracy protest movement closely as it could affect investors to slow down their investment. However, SET still has a positive sentiment from fund flows that continue to boost market’s liquidity.
ASP chose 12 strong-fundamental stocks that loomed foreign interest and are expected to outperform the market, selected from 1) stock with market cap. over a hundred billion baht 2) stock with “BUY” rating and has an upside of more than 10% and 3) stock that foreign investors continue to accumulate.
Consisting of the Siam Cement Public Company Limited (SCC) (TP ฿430), Bangkok Dusit Medical Services Public Company Limited (BDMS) (TP ฿24), Kasikornbank Public Company Limited (KBANK) (TP ฿126), Bangkok Bank Public Company Limited (BBL) (TP ฿154), CP All Public Company Limited (CPALL) (TP ฿74), Central Retail Corporation Public Company Limited (CRC) (TP ฿38).
Central Pattana Public Company Limited (CPN) (TP ฿60), Osotspa Public Company Limited (OSP) (TP ฿41), Gulf Energy Development Public Company Limited (GULF) (TP ฿38), BTS Group Holdings Public Company Limited (BTS) (TP ฿12.8), Muangthai Capital Public Company Limited (MTC) (TP ฿70) and B.Grimm Power Public Company Limited (BGRIM) (TP ฿58).
KTB (Thailand) Securities (KTBST) expected the SET Index in December to move in the range of 1,400 points with possibly sideways because of many public holidays. For investment strategy, recommending large market cap. stocks particularly banking and energy such as PTT Public Company Limited (PTT), PTT Exploration and Production Public Company Limited (PTTEP), Indorama Ventures Public Company Limited (IVL), Kasikornbank Public Company Limited (KBANK) and TMB Bank Public Company Limited (TMB).