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SUNDAY, October 02, 2022
Tight valuation limits upward trajectory for SET

Tight valuation limits upward trajectory for SET

TUESDAY, February 16, 2021
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The Stock Exchange of Thailand (SET) Index rose by 2.32 points, or 0.15 per cent, to 1,525.04 in the morning session on Tuesday.

A Krungsri Securities analyst predicted the SET to fluctuate between 1,515 and 1,520 points amid hopes of the rollout of US economic stimulus measures, as well as mass buy-ups of stocks whose fourth-quarter performance is expected to improve.

"However, investors should beware of mass sell-offs of stocks due to the SET's tight valuation and the impact of cash balance rules on Delta Electronics shares," he said.

He recommended investors buy:

▪︎ IVL, SPRC, ESSO, VNT, CBG, ROJNA, TVO, STGT, HTC, CPF, RCL, PSL, SYNEX, COM7, XO, WICE, JMT, JMART, SINGER, MTC, SAWAD, KCE, AH, SAT, BH and CHG, whose fourth-quarter turnover is expected to improve.

▪︎ CBG, ICHI, OSP, SAPPE, RBF, DOD and PTG, which benefit from positive news on hemp production and its general use.

The SET Index closed at 1,522.72 on Monday, up 14.37 points or 0.95 per cent. Total transactions amounted to Bt106.65 billion with an index high of 1,529.98 and a low of 1,513.33.