KAsset forecasts SET Index at 1,550-1,600 next year

KAsset managing director Suradech Kietthanakorn said Thai bank, energy, petrochemical, hotel and healthcare stocks will benefit from the recovery, while the performance of shares in public utilities, retail, public transport and electronics shares should improve next year.

He added that positive sentiment from Covid-19 vaccines, central banks' moves to ease monetary policy, and countries’ economic stimulus measures is driving the SET upwards.

"However, investors should diversify risks and invest with caution due to impacts from Covid-19, domestic politics, US-China relations and President-elect Joe Biden's administrative policies.”

He advised investors to consider the K Global Income Fund (K-GINCOME), K Global Income Fund-SSF (K-GINCOME-SSF), K China Equity Fund (K-CHINA) and K China Equity RMF (KCHINARMF).