Daily Strategy for Investors on December 23, 2020

Asia Wealth Securities (AWS) released an analysis for the trading session on December 23, 2020, indicating the essential events in the stock market as follows: 

 

Investment Ideas:

The overall investment today – AWS expects the SET today (23 Dec) to move within the range 1,388-1,452 points. 

The SET Index is volatile and it is expected that there will be a chance to move in the sideway to sideway up by fund flow and the continued buying force of foreign investors, including the number of people infected in the country that began to increase at a reduced rate which is supporting factors, but the situation of COVID-19 is severe worldwide which is still a factor to slow down the economic recovery. 

AWS maintains a careful investment strategy, recommended to take profit. While new investment rounds, recommend only speculation.

 

The Cabinet has approved the medium-term rehabilitation plan and set the inflation rate at the level 1-3% – The Cabinet meeting approved a medium-term fiscal plan to restore the economy and support the situation and risk, reduce the deficit and still maintain a long-term goal to balance the budget. 

For the mid-term finance plan year 2022-2025, it is expected that in the year 2022, gross domestic product (GDP) will expand 3-4%, estimated government revenue of Bt2.4tn, public debt owed 57.6% to GDP. In 2023, expected GDP growth of 2.7-3.7%, government revenue forecast at Bt2.49tn, public debt outstanding 58.6% to GDP. 

In 2024, expected GDP growth of 2.9-3.9%, estimated government revenue Bt2.619tn, public debt outstanding 59.0% to GDP. In 2025, expected GDP growth of 3.2- 4.2%, estimated government revenue of Bt2.75tn, public debt outstanding 58.7% to GDP, with a general inflation target frame in the range of 1-3%.

 

Core Investment

1) Global Play (Trading within 1 month) – PTT, SCC, PTTEP, TOP, PTTGC, IVL, CPF and TU

2) Stocks which obtained the benefit from the nearest successful of COVID-19 vaccine (Trading within 1 month) – AOT, AAV, BA, ERW, M, CRC, CENTEL, MINT, WHA and AMATA

3) Stocks which expected that will have the outstanding performance in 4Q20 (Invest 1-2 months) – SAWAD, GULF, SPALI, ORI, WHA and STA

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