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Today's Report

  • Sawasdee - July 15, 2019

    Still resting, touch resistance ahead

    Market outlook
    We expect the SET to continue to rest after breaking through 1,747. Trading volume is expected to be slim today, pressured by BOT tightening measures on non-resident accounts to curb short-term speculative inflows; however, we do not expect a sudden flood of foreign funds exiting. Release of 2Q19 earnings will bring sell-on-fact. The market will be supported by new cabinet policies, oil-related and refinery stocks. Resistances are at 1,735 and 1,742. Supports are at 1,725 and 1,720
     
    Market strategy
    Be selective: 1) Stocks that benefit from new cabinet policies: CPALL, BJC, ROBINS, STEC, CK, SEAFCO, ROJNA, AMATA, WHA and 2) Energy, in line with rising crude oil price: PTTEP which has many developing projects and asset purchase plans. Today’s stock picks: PTTEP and ESSO.
     
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    Company analysis
    PTTEP  – PTTEP raises target sales volume and capex – Buy
    TISCO  – Growth slow, but dividend attractive  – Buy 
    TTW  – Positives priced in; – Downgrade to Neutral 
    WHAUP  – It’s all good – Buy
     

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Morning Voice - July 15, 2019

Word focus

Dividend yield The dividend yield is the total yearly payments divided by the principal value of the preferred share