UOB’s “Kitpon” Recommends 3 Sectors for Investment to Prepare for Earnings Season

Mr. Kitpon Praipaisarnkit, a strategist of UOB Kay Hian Securities (Thailand), stated in “Kaohoon Jor Talad” program on April 23, 2020, that the external positive factors should be at the peak this week as the U.S. would approve for more stimulus plan worth $480 billion. The aid package should be the final one, at least for now, which means that the U.S. could have further problems if there are more aid packages approved by the senate.

 

Once all the positive factors are gone, the market will start to realize the performance of listed companies in their earnings season, and the situation does not look promising, said Kitpon, citing the trend from yesterday that investors chose to invest in power generation stocks and telecommunication stocks, which reflected that investors were seeking safest sectors with least effect from the virus outbreak.

Mr. Kitpon recommended energy stocks benefiting from lower energy and petroleum costs such as EPG, TASCO, SCC, IVL for speculation. As for telecommunication stocks, Mr. Kitpon chose ADVANC, while power-plant-related stocks, Mr. Kitpon recommended RATCH, BPP, GPSC.