Globlex Secs. Picks 13 Stocks for Investing This Week to Enjoy Lockdown Easing

Globlex Securities (GBS) forecasted that the Thai stock exchange will trade sideways this week, between 1,500 and 1,570 points, due to a lack of new catalysts, MSCI’s reduction of the Thai market’s weight, and pressure from an explosion in Covid-19 cases. This puts the Thai economy’s growth for the rest of the year in jeopardy. And this could result in weaker economic growth (GDP) in 2Q21 than in 1Q21.

 

There are internal factors affecting the Thai economy, such as China. New bank loans dropped to 1.47 trillion yuan in April from 2.293 trillion yuan in the same month last year, as the central bank started reducing stimulus.

 

Likewise, Japan and the EU will release 1Q21 GDP and inflation figures. The United States will release April housing starts and building permits data, as well as unemployment claims and the outcome of the Federal Reserve’s April 27-28 meeting (Fed).

 

As a result, GBS recommends investing in ZEN, M, and AU, as well as stocks that have entered the MSCI Global Standard, such as CBG and SCGP, and stocks that have entered the MSCI Global Small Cap, such as ACE, PSL, RCL, SCCC, SINGER, SYNEX, TTA, and TOA, which will be successful on May 27.