Maybank Sees Negative Momentum to Continue in the Near Term, Recommending Accumulation

Maybank Kim Eng has made an analytic view amid global plummet after the trade dispute between the U.S. and China had escalated into the next level.

Maybank stated that for high risk-takers, if SET index drops to an area of 1,580+/- points, accumulate stocks that benefit from low interest rate environment, including domestic and defensive plays such as power plants and mass transit train led by GPSC, TP ฿77, (XD on 29 Aug, THB0.50, XR on 3 Sept) BEM TP ฿12.00

Maybank expects SET to swing in a range of 1,580-1,630 this week. For low risk-taking investors, Maybank recommends halting the investment to see the progress of US president Trump on using his absolute right to order US companies to stop doing business with China and the Fed meeting in mid-September.