Daily Strategy for Investors on November 24, 2020

Asia Wealth Securities (AWS) released an analysis for the trading session on November 24, 2020, indicating the essential events in the stock market as follows: 

 

Investment Ideas:

The overall investment today – AWS expected the SET in the rest of the week (24 – 27 Nov) to move within the range of 1,380-1,450 points. AWS has adjusted the movement of the SET for the week after yesterday (23 Nov), SET Index increased by 31.09 points (+2.24%). 

SET continued to gain support from capital inflows from risk on, including measures to control the baht value to emphasize long-term stability, causing the baht to continue to appreciate which is a positive factor to support investment. 

This was reflected by foreign investors who bought accumulated in November of up to Bt34bn, together with additional positive factors from abroad after several companies announced progress in vaccine development. While risk factors pressure investment, there is only a political factor in the country. 

The overall market in November increased more than 225.48 points (+18.9%), making it necessary to be cautious of taking profit. 

For investment strategy, AWS still recommends short-term speculation or investors who hold stocks in the past 1 – 2 weeks, recommend gradually taking profit from some stocks to reduce the risk of market fluctuation.

 

The cabinet approves another Bt150bn loan for economic recovery – The cabinet approves the conceptual framework or projects under the plan or projects aimed at restoring the economy and society in the amount of Bt400.0bn in the second round, the total amount of Bt152.0bn, focusing on 4 main work plans, hiring and creating new jobs, adjust career skills and local infrastructure investment projects which the government is expected to increase GDP in 2020 by 0.2% and increase GDP in 2021 by 0.25% and it is expected to increase and maintain employment of more than 310,000 jobs.

 

Technical View – Today, AWS expected the SET Index to move between 1,400-1,437 points. The recommended stocks are III, EASTW, ROJNA, TFFIF and TCAP.

 

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) Dividend Play (Middle-term trading 6-12 months) – SC, LH, QH, KKP, TISCO, RATCH, DIF, INTUCH, EASTW and TTW

4) Long term accumulative stocks (DCA) (Long-term trading over 1 year) – AOT, BEM, ADVANC, WHA, LH, CPALL, CPF, BDMS, HMPRO, BBL and KTB