Daily Strategy for Investors on December 3, 2020

Asia Wealth Securities (AWS) released an analysis for the trading session on December 3, 2020, indicating the essential events in the stock market as follows: 

 

Investment Ideas:

The overall investment today – AWS expected the SET Index today (3 Dec) to move in the range of 1,401-1,427 points. AWS expected the SET to fluctuate in a narrow range and slow down slightly from a slowdown in investment before entering a long holiday next week. 

However, there is still capital inflow to the region despite the pressures from the issue of newly infected cases not quarantined in Thailand, the probability of applying a lockdown measure is quite low since the infection has been infected from a foreign country and no infection in the country has occurred, including the response to the results of the Constitutional Court in the afternoon yesterday (2 Dec) on the issue of housing rights of Prayut Chan-Ocha. 

AWS maintained the same investment strategy, for investors who hold 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.

 

The new U.S. president interviewed would not cancel the trade deal with China – the new U.S. President Joe Biden said it would not immediately cancel the first phase of the trade deal and he also said that the best strategy for a deal with China is to bring Chinese allies to the U.S., and will pursue policies aimed at China’s dangerous behavior. 

This includes intellectual property theft, illegal dumping of private companies and forcing the transfer of technology from the U.S. companies to Chinese companies. It is another issue that needs to be kept an eye on progress which will affect the fluctuation of the market in the next phase.

 

Technical View – Today, AWS expected the SET Index to move between 1,401-1,427 points. The recommended stocks are ICHI, BCPG, ERW, RCL and VIH

 

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