SET expected to fluctuate despite governments economic stimulus measures
THE NATION
Krungsri Securities forecast the Stock Exchange of Thailand (SET) Index on Wednesday (December 22) would fluctuate between 1,615-1,630 points despite the Cabinets move to launch measures to stimulate the economy at the end of this year.
It predicted that Thailand's suspension of Test & Go scheme in response to the outbreak of Omicron Covid-19 variant in Europe and US, plus foreign investors' port adjustment before Christmas and New Year holidays, would pressure the index.
It also recommended buying of the following companies’ shares as an investment strategy:
▪︎ HMPRO, GLOBAL, DOHOME, CPN, CRC, SYNEX, COM7, SPVI and CPW, which benefit from the government's economic stimulus measures.
▪︎ RCL, LEO, III, WICE, SONIC and JWD, which benefit from rising freight rate.
▪︎ EA, GPSC, AMATA, WHA, AH and SAT, which benefit from the government's support on electric vehicles.
