Sawasdee - March 1, 2019

Beginning to absorb the negatives

Market outlook
Market sentiment was not happy. Most stock markets began to consolidate after strong rises. The Trump-Kim summit collapsed amid discord over sanctions and conflicting accounts of Pyongyang's demands. Foreign funds flowed out from regional markets, including the SET. We expect the market to move sideways with floors at 1,645 and 1,635 and ceiling at 1660 and 1665.
 
Market strategy
BUY when the SET moves in the range of 1,635-1,645. Our March picks: ADVANC, AMATA, GLOBAL, BCH, BDMS and PTTEP. Taking profit on MAJOR and RS. Today's technical picks: BAFS and MINT
 
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Market strategy
Mar portfolio strategy - Another good month for investment
 
Company analysis
AAV - 4Q18: Missed estimates on weak average fare - Buy
BDMS - 4Q18: Miss from rising SG&A expense - Buy
TCAP - M&A: Positive move with upside - Buy
TMB - M&A: Neutral in S-T, Positive in L-T - Buy