Today's reports

Tags: BCP

Snaking sideways, waiting for clarity

Market outlook
The SET is quite volatile this week, with some profit-taking after last week’s rebound and continued exit of foreign funds ahead of the Jackson Hole symposium and G7 summit. A hint at easing would brighten the market next week. US-China tension heated up again after a China official said it has no choice but to respond. We thus expect the market to be quiet today.  Resistance is at the gap of 1,640-1,650. Firm supports are 1,625 and 1,620
Market strategy
We recommend buy and hold stocks that benefit from government stimulus: BJC, CPALL, M, AOT, CENTEL, MINT, ERW, LPN, PSH and SPALI; stocks with stories: BEM and BTS. Today’s picks: TISCO, THANI.
Company analysis
BCP  – 2H19 looks better –  Buy