Sawasdee - December 26, 2019

Tags: DTAC

Hoping for window-dressing

Market outlook
We expect the SET to move in the same range as yesterday. Institutional investors were the only net buyers yesterday, leading us to believe they are doing window-dressing. However, upside is limited by slim trade value at yearend and net sell by foreign investors. We assign supports at 1,566 and 1,560; resistances at 1,576 and 1,582.  
 
Market strategy
Selective buy in stocks with good earnings and catalysts: BJC, BTS, BCH, ZEN. Today’s picks: PLANB, COM7.
 
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Company analysis
DTAC – Earnings growth to peak in 4Q19F – Neutral