Daily Strategy for Investors on December 1, 2020

Asia Wealth Securities (AWS) released an analysis for the trading session on December 1, 2020, indicating the essential events in the stock market as follows: 

 

Investment Ideas:

The overall investment today – AWS expected the SET today (1 Dec) to move within a range of 1,395-1,420 points. AWS believed that trading will continue to fluctuate, following up on domestic political issues tomorrow (2 Dec), the Constitutional Court has to make an appointment for a ministerial decision Prayut Chan-o-cha, Prime Minister and Minister of Defense when using the military shelter after retirement. 

While the COVID-19 situation in the country has to be monitored, although doctors insist there is no risk that someone infected is Super Spreader, however, progress has been made in the case of Moderna Inc. has submitted the FDA approval for an emergency vaccine. 

AWS maintained its investment strategy as before. For investors who have held stocks in the past 1 – 2 weeks, recommend gradually taking profit from some stocks to reduce the risk of market fluctuation while investing during this week, recommend only speculation.

 

AWS was still concerned about the issue of OPEC this round after OPEC+ had previously held an informal meeting and unable to reach an agreement on oil production policy in 2021, the main themes that investors should follow are agreement issues regarding oil production policy in 2021. 

However, AWS still believed that crude oil prices will take a negative response if the meeting fails to reach an agreement on oil production policy in 2021 (Daily Strategy paper on 30 Nov). The market expected the resolution of reduced production capacity by 2 million barrels per day for at least 3-6 months.

 

Technical View – Today, AWS expected the SET Index to move between 1,395-1,420 points. The recommended stocks are IVL, PTL, CKP, SYNEX and PRINC.

 

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