FSSIA Expects SET Index to Move Sideways, Picking BANPU to Shine in 2022
FSSIA expected SET Index today to move sideways after a surge yesterday, picking BANPU as top focus among SET50 candidate stocks.
Major stock markets in Asia traded in a mixed session on Friday following a tech sector selloff in Wall Street last night.
On December 17, 2021, SET Index opened 1,645.53 points, increased 0.21 points or 0.01%.
As of 10:10 local time in Thailand, Nikkei fell 1.07%, SSEC dipped 0.72%, Hang Seng Index decreased 0.94%, ASX 200 rose 0.63% and IDX Composite increased 0.03%.
Last night, Dow Jones slipped 0.08%, S&P 500 fell 0.87% and Nasdaq plunged 2.47%. Analysts stated that investors were rotating from high-growth tech stocks to consumer staples.
Mr. Suwat Sinsadok, Managing Director of FSS International Investment Advisory (FSSIA), through “Kaohoon Jor Talad Program” on December 17, 2021, expected SET Index to move in sideways trends after a surge yesterday while regional markets moved narrowly in today’s session.
The MD recommended BANPU, seeing the share price is still lacking after a long correction while the company is a candidate to be listed in the SET 50 Index and the performance next year, especially in 1Q22 could surprise the market.
Following the upcoming bidding for 800MW power projects next year, including wind power, solar power and waste to energy will benefit the most, such as ACE, TPCH, BWG and ETC.