Lack of positive sentiment and fund flow slowdown are expected to pressure SET

TUESDAY, NOVEMBER 02, 2021
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Krungsri Securities forecast the Stock Exchange of Thailand (SET) Index on Tuesday (November 2) would fluctuate between 1,600 and 1,625 points due to lack of positive sentiment and slowdown in fund flow.

It said investors were waiting for the outcome of the Federal Open Market Committee (FOMC) and Opec+ due to the expectation that FOMC would taper its quantitative easing programme, while Opec+ would raise oil production capacity by 400,000 barrels per day in December.

"Hence, we advise investors using selective buy strategy as always," Krungsri Securities said.

It also recommended buying of the following companies’ shares as an investment strategy:

▪︎ GULF, BGRIM, CHG, BCH, BDMS, KCE and JMT, whose third-quarter profit is expected to grow.

▪︎ AOT, AAV, BA, MINT, KBANK, SCB, CPN, CRC, HMPRO, CPALL, AMATA, WHA, MAJOR, BTS, BEM and VGI, which benefit from the country reopening.