SET Index rose 11.52 points or 0.73% to 1,586.38 points as of 10:30 local time in Thailand on Monday with a trading value of 15.5 billion baht.
Asia Wealth Securities (AWS) expected the SET this week (29 Mar – 2 Apr) to move in a range of 1,540-1,600 points, while remaining volatile in the sideway up due to internal supporting factor, in particular, the government policy (EV Car 2035 and Phuket SandBox), as well as the positive sentiment due to the increase in crude oil prices. However, the recovery remains limited due to the foreign risk factors, especially the COVID-19 situation and international politics.
For investment strategy, AWS still focused on holding cash in proportion not less than 50% and focused on investment strategies in the Selective style in stocks with specific positive factors. The weight is only short-term speculation to reduce the risk of market volatility.
Center for Economic Situation Administration (CESA) open to foreign tourists, starting from Phuket (Phuket SandBox) starting 1 July without quarantine (conditional) where tourists need to show evidence showing the results of both COVID-19 vaccination and a “negative” COVID-19 test, as well as the development of a “Thailand plus” application to monitor for foreign tourists. While the survey results from the Tourism Authority of Thailand stating that Thailand is still the number 1 destination for foreign tourists both tourists from Europe and Asia.
There are still international risk factors to be monitored this week – (1) the COVID-19 epidemic situation after the outbreak in India and many European countries until leading to the announcement of new control measures or even some countries need to extend the lockdown measures to control the epidemic, (2) conducting vaccination which still face the problem of distributing vaccines around the world and confidence after many countries began to announce a ban on the export of vaccines and there are concerns about the effectiveness and safety of vaccines developed for vaccines, especially of the AstraZeneca, and (3) risks from international political problems from the conflict between China and the West that may be severe and develop into trade sanctions after several European countries announced sanctions on Chinese officials on the issue of human rights violation (Problem of detention of Uighurs at the Xinjiang Uygur Autonomous Region and the problem of using Chinese influence on Hong Kong and Taiwan), while the Chinese government issued counter measures with sanctions by four European entities and ready to call the EU ambassador to China to meet.
1) Stocks which obtained the benefit from Thai Baht depreciation (Trading within 3 6 months) HANA, KCE, TU, ASIAN, GFPT, CPF, STA, STGT, SAT, EPG,
SMPC and MEGA
2) Stocks which benefit from EV CAR Thailand 2035 measure (Trading within 1 2 months) BPP, GPSC, BCPG and EA.
3) Stocks which obtained the benefit reopen country (Trading within 6 12 months) AOT, AAV, BA, ERW, M, CRC, CPALL, CENTEL, MINT, BH, BDMS, SPA,
MBK, NOBLE, WHA and AMATA
4) Dividend Play (Middle term trading 6 12 months) SC, LH, QH, KKP, TISCO, RATCH, DIF, INTUCH, EASTW and TTW
5) Long term accumulative stocks (DCA) (Long term trading over 1 year) AOT, BEM, ADVANC, WHA, LH, CPALL, CPF, BDMS, HMPRO , BBL and KTB