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Thailand: SET buoyant amid hopes of economic recovery, mass vaccinations

  • Jun 07, 2021

Krungsri Securities expected the index to rise to 1,620 and 1,625 points on hopes of an economic recovery as mass Covid-19 vaccinations gather strength worldwide and the price of oil continues to rise.

However, it predicted that the uncertainty over increasing inflation and volatility in foreign funds flow would pressure the index.

It recommended that investors buy:

▪︎ PTT, PTTEP, PTTGC, TOP, IVL and BANPU, which benefit from the global economic recovery.

▪︎ BCH, CHG, BDMS, MINT, CENTEL, ERW, AOT, CPALL, HMPRO, CPN and CRC, which would benefit from the country’s reopening.

▪︎ KCE, IRPC, STA and STGT, expected to be listed on the SET50 Index in mid-June.

▪︎ AAV, BLA, ICHI, PSL, PTL, SINGER, STARK, STGT and SYNEX, expected to be listed on the SET100 Index in mid-June.

The SET Index closed at 1,611.53 on Friday, down 6.02 points or 0.37 per cent. Transactions totalled THB106.35 billion with an index high of 1,622.89 and a low of 1,611.34.

 

Published : June 07, 2021

By : The Nation