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Today's Report

  • Sawasdee - September 18, 2019

    Heading down after long indecision

    Market outlook
    We expect the SET to hit the lower sideways bound at 1,658-1,660 after swinging around 1,660-1,680 for a week, pressured by: 1) profit-taking in Energy after crude oil price sank; 2) foreign funds began to flow out with foreign investors net sellers in the SET and net short of 10k SET50 index futures; 3) worries the Fed will leave rate unchanged rate after inflation rose, supported by fuel price. Support is at 1,645. Upside is limited at 1,670 and 1,680
     
    Market strategy
    We recommend sell oil-related and petrochemical stocks and buy local plays or dividend plays: GLOBAL, RJH, DIF, JASIF (take profit on UV and we removed CPN as price did not rise as expected). We also recommend PSL as we expect outstanding earnings growth in 3Q19, boosted by higher freight rate. Today’s picks: GLOBAL, RJH.
     
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    Economic news (From SCB EIC)
    SCB Note – How the spectrum price affects 5G development in Thailand?
     
    Industry analysis
    Industrial Estate – “Thailand Plus” is a genuine plus

    Company analysis
    AMATA – A direct play  – Buy
    AMATAV – No soon end to the regulatory risk – Neutral
    ROJNA – Good hidden assets – Buy
    WHA – Thailand’s premier IE  – Buy
     

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Morning Voice - September 18, 2019

Word focus

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