Poll issue to dampen confidence, SET trade

Amid the prolonged political issue, we expect most investors to stay on the sidelines with thin trading turnover this month. 
Meanwhile, we’re waiting for the release of China’s purchase managers index (PMI) in March, which could affect global PMI and indicate direction for emerging markets in the next periods. 
The other issue is whether MSCI will include NonVoting Depository Receipts (NVDRs) into its emerging markets (EM) index and the inclusion’s details. The four stocks expected to be included in the MSCI EM are INTUCH, DTAC, RATCH and CENTEL. Existing stocks in the index with possible weight increase are SCC, BDMS and CPN. But if MSCI decides not to include NVDRs into its emerging markets index in this round, investors may have to be mindful of possible profittakings in speculated stocks. – Research Department, Trinity Securities