Sawasdee – February 11, 2021


Short-term fund inflows will lift the market to 1,540, but upside is limited at that point

Market outlook & strategy
The SET is likely to move up, supported by the return of foreign funds. It is likely to break 1,530 and reach the next resistance at 1,540. We assign support at 1,506-1,512. We do not bet on a bullish market, so recommend “wait and see”. Any speculation should be selective. We recommend stocks that have individual catalysts and good earnings momentum.
Company analysis
AOT – 1QFY21: Missed market, in line with SCBS – Neutral
DCC – 4Q20: In line with market estimates – Neutral
GGC – 4Q20: Surge backed by huge stock gains – Neutral