Sawasdee - February 27, 2019

SET should be getting back on its feet

Market outlook
The SET declined to support at 1,655-1,660 yesterday, pressured by Energy which fell in line with global crude oil price. Profit-taking also pressured the market. Today we expect the market to recover, supported by recovery in crude price overnight and speculation in ICT on possible delay of the final payment for 900Mhz. Keep an eye on Trump-Kim summit. We see the SET resistance at 1,670-1,676.
Market strategy
Selective buy in big cap stocks: AOT, PTT, PTTEP, BBL and KTB. Earnings recoveries: MAJOR and RS; Dividend plays: PM and NYT; Commerce, GLOBAL, benefits from private consumption growth which underpin GDP. Today's technical picks: ADVANC and BEC
Company analysis
BLA - 4Q18: Poorer at all fronts, as expected - Buy
ERW - 4Q18: Beat SCBS but in line with the market - Buy
IVL - 4Q18: Miss on stock loss and weak margin - Buy
MINT - 4Q18: Growth driven by NH Hotel Group - Buy
SPALI - 4Q18: Record profit, beating consensus - Buy
THRE - Worse-than-expected result - Sell
TMB - Signing MOU for a merger with TBANK - Buy