AWS’ “Suchet” Expects Low Oil Price Till May, More Stocks to Benefit from Lockdown Easing

Mr. Suchet Suktae, Deputy Manager of Asia Wealth Securities Co Ltd., through “Kaohoon Jor Talad” program on April 28, 2020, has stated that the fluctuation in the regional markets were not a negative sign to raise the alarm as the indices in regional markets moved slightly up and down.

 

The oil price would stay at the low level for a few days as investors needed to sell their remaining futures contracts. The oil prices should recover to the normal trading level early next month. Mr. Suchet indicated that stocks benefited from lower oil prices are TASCO, EPG, GPSC, BGRIM, GULF, OSP, CPALL,  and BJC.

As for the speculation for the upcoming lockdown easing, CPALL, CPF, BTS, BEM, CPN, PLANB, and HMPRO are those to benefit from the early easing. Meanwhile, AOT, AAV, and BA should not be included in the early easing.

Mr. Suchet set a support level at 1,260-1,252 points and a resistance level at 1,273 points. The next resistance level would be 1,280-1,300 points.