
- Sawasdee
- A daily compilation of market news and our views
The SET will rebound further but wider spread of COVID-19 may curtail the rise |
||||
Market outlook & strategy | ||||
The SET should rebound further as the government said it will not impose a national lockdown or curfew, relieving concerns about heavier economic damage. At the same time, the continued jump in new COVID-19 cases daily is souring the investment mood and limiting the rise to resistances of 1,554 and 1,564. We assign supports at 1,538 and 1,530. For core portfolios we suggest putting 25% in stocks when the market consolidates at 1,500. Speculation should be focused on stocks with a catalyst. | ||||
|
||||
Company analysis | ||||
BCH – Expect strong 1Q21F – Outperform | ||||
DTAC – Expect soft 1Q21F results – Neutral | ||||
TOP – Core profit expected to improve QoQ in 1Q21F – Downgrade to Neutral | ||||
FOLLOW US
SCB's Facbook SCBS's Twitter