Asset Management/Brokers Project SET Index to Reach 1,900 Points Despite Global Issues
Asset management and brokers project SET Index to reach 1,800-1,900 in 2019, while suggesting investors to invest in 5-6% dividend stocks in SETHD group.
Three of Thailand’s leading asset management (Kasikorn, Tisco and Krungsri) see SET Index in 2019 will be able to reach 1,800 – 1,900 points despite volatilities in Fed’s rate hikes, trade war and Thai election, believing the outlook will get better and suggesting investors to invest in 5-6% dividend stocks in SETHD group, such as, ADVANC, BBL, BCP, CPF, EGCP, GLOW, KKP etc.
Brokers believe the possibility of “January Effect” to occur is around 80% which will buoy SET Index by 2.57% in January, while asserting that investors will still hold on to a total of ฿63 billion LTF once redeemable as the current yield is still low.
SET High Dividend 30 Index includes 1.ADVANC 2.AP 3.BBL 4.BCP 5.BLAND 6.CPF 7.EGCO 8.GLOW 9.HABA 10.KKP 11.KTB 12.LH 13.LPN 14.MAJOR 15.PTT 16.PTTGC 17.QH 18.RATCH 19.SCB 20.SCC 21.SGP 22.SIRI 23.SPRC 24.TASCO 25.TCAP 26.TISCO 27.TOP 28.TTW 29.TU 30.TVO
