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Broker evaluates the image of the SET index next week, there is the possibility of further increasing, testing 1,375 points on the progress of the ‘Pfizer’ vaccine and the expectation of the ‘Modern’ vaccine to boost emerging markets.
The reporter reported that Last week (November 9-13, 2020), the SET index (SET index) closed at 1,346.47 points, an increase of 60.69 points or 4.71%, with a total turnover of 550,998.68 million baht. The highest point is 1,356.83 points and the lowest point is 1,277.52 points.
While the stock market trend next week (Nov 16-20) Phillip Securities (Thailand) Company Limited It revealed that the SET index is likely to rise sideways in light of the prospect of Pfizer Inc’s COVID-19 vaccine trial, which claims to be effective in preventing COVID-19 until The Thai stock market is still not much higher than its price. lowest closing last month. It’s sea. It increased only about 30%, the lowest compared to other markets in the region, which were up an average of about 50%.
Therefore, if there are more advances in Moderna’s vaccine, the results of the trial may be announced in the coming days. The research department expects money to continue to flow to emerging markets (emerging market).
While environmental factors in the country remain many important issues, including the November 17-18 council meeting, it is initially considered a draft amendment to the constitution. The council is expected to accept the principles in the first session. Before sending it to the Constitutional Court to interpret whether or not it contradicts the Constitution of Articles 210 and 256, other equally important factors are the meeting of the Monetary Policy Committee (MPC) and the announcement of Thailand’s GDP for the third quarter of 2020.
Environmental factors that must be monitored abroad include the COVID-19 situation. Around the World Speeding Up Much More This sped up by approximately 4.6% in a single week. This was considerably faster than in the past, with most cases in the United States hitting a new record of 1.6 lakhs per day, until the curfew was announced in New York, Nirvada and California.
However, this measure is not considered very intense. If increased, this factor may again put pressure on global stock markets. Although the results of the blockade measure in France, announced on November 1, were satisfactory. The number of infected daily decreased significantly more than 50% of the day with the highest number of infected.
In terms of investment strategies, the research department expects the SET index to gradually rise between 1,300-1,375 points after breaking through the key resistance level of 1,320, coupled with the continued influx of foreign investors in emerging markets and hopes for efficiency of vaccines. Research continues to recommend large stocks, good basics where valuation is still interesting, including:
Sri Trang Agro-Industry PCL (STA) From Sri Trang Gloves (Thailand) PCL (STGT), the subsidiary has also benefited from the COVID-19 event. That’s even more serious. Plus, auto sales in China grew 12.5 percent in October and continued to grow for seven months.
next Precious Shipping Plc. (PSL) Due to the issue of investment in stocks that are based on the international economy (Global Play) of the world trade volume that will increase. The Freight Index (BDI) is expected to rebound from the current downtrend and may turn back.
side Mr. Wijit Arayaphisit Director of Securities Research Maybank Kim Eng Securities (Thailand) Company Limited He said that for the trend of the SET index next week, the index is expected to swing out (laterally) and upwards estimating support at 1,325 points and resistance at 1,360-1,380 points, while the factor to monitor is the announcement. of GDP in the third quarter. / 63 next week That the market expects it to be negative around 8-9%
“For investment strategies we recommend investing in the buying force of institutional and foreign investors, including the energy group PTTGC and the banks KBANK and SCB,” said Vijit.
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