Daily Strategy: KSS Recommends 2 Investment Themes to Focus on Oil and Industrial Sector

Krungsri Securities recommended oil plays and industrial stocks, which would benefit from the lockdown lifting and the reopening.

Major stock markets in Asia traded lower on Wednesday morning despite a rebound in Wall Street last night in an attempt to shake off losses from Monday.


On October 6, 2021, Thailand’s SET Index opened at 1,628.30 points, increased 4.06 points or 0.25%.

As of 10:05 local time in Thailand, Nikkei dropped 1.00%, Hang Seng Index fell 1.01%, ASX 200 dipped 0.56%, while IDX Composite jumped 1.48%.

Last night, Dow Jones rose 0.92%, S&P 500 gained 1.05% and Nasdaq increased 0.49%, shaking off their losses in the previous session.


Mr. Chaiyot Jiwangkul, Assistant Director of Krungsri Securities (KSS), through “Kaohoon Jor Talad Program” on October 6, 2021, stated that the Thai stock market may be able to continue extending the gain following higher oil prices that should boost the energy sector in SET Index.

However, concerns on Fed’s rate hike and QE tapering would still weigh the market down. Meanwhile, the low trading value during these past few days and other negative sentiments would hold the Thai stock market to a limited upside and the resistance level at 1,630 points should be quite difficult to reach.

As for the investment strategy, Mr. Jiwangkul recommended two investment themes, which are oil plays (TOP TP Bt61) and reopening plays, focusing on the industrial sector (AMATA TP Bt23.50).

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