Today's reports

Tags: BDMS, ACE, JASIF, TU

Upside is capped by concerns of local COVID-19 outbreak and accelerated inflation. Downside is high

Market outlook & strategy
Right now, a low-free-float big cap stock, DELTA, is pushing the market but we expect a sell-off when the market reaches 1,600. Accelerated inflation in the US dragged down US tech firms on Friday, dimming market sentiment today, as well as concerns about the local COVID-19 outbreak. We assign supports at 1,578, 1,572 and 1,566. Falling below support would signal a pattern change. For core portfolios, we suggest putting 25% in stocks when the market consolidates at 1,500. Speculation should be only on stocks with a catalyst.
 
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Company analysis
ACE – 1Q21: Core profit weakened by shutdown – Outperform
BDMS – 1Q21: Missed estimates on lower EBITDA – Outperform
JASIF – 1Q21: Earnings in line – Neutral
TU – 1Q21: Beat on better margin, equity income – Neutral