Daily Strategy: ASL Recommends Gradual Sell and Monitor Covid-19 Situation after New Year
ASL Securities recommended investors to monitor the Covid-19 situations after new year's event, eyeing end of January as entry point.
Major stock markets in Asia traded higher at the opening bell on Tuesday after the S&P 500 hit another record high at the closing on Wall Street last night. However, some Asian indices edged lower afterward.
On December 28, 2021, Thailand’s SET Index opened at 1,641.74 points, increased 5.24 points or 0.32%.
As of 10:22 local time in Thailand, Nikkei gained 0.96%, SSEC slipped 0.11%, Hang Seng Index fell 0.07% and IDX Composite rose 0.40%. Meanwhile, ASX 200 closed for holiday.
Last night, Dow Jones closed 0.98% higher, S&P 500 notched a record high with a 1.38% gain and Nasdaq increased 1.39%.
Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities Co., Ltd., through “Kaohoon Jor Talad Program” on December 28, 2021, stated that the overall outlook in Asian markets is an uptrend, giving a range of SET Index around 1,650 points at the end of this year and recommending investors to gradual lower holdings in stocks and wait two weeks after the new year’s event to monitor the Covid-19 situation. The analyst stated that by the end of January should be a good opportunity for an entry.
In addition, Mr. Suktae recommended AP (R9.50), KTC (R60), INTUCH (R80), BAM (R22) and TACC (R8.25).