Sombat Narawuthichai Secretary General, Association of Investment Analysts Announced the results of the survey of analysts and fund managers on investment perspectives and forecast the direction of the Thai stock price index (SET Index) in this year ’64 that the index target at the end of the year ’64 is an average of 1,559 points. This is higher than the year-end index at 1,449, and has the lowest point of the Thai stock index during the year. Has a lowest average of 1,338 points
The SET Index’s peak during the year ’16 averaged 1,631 points. 53.33% of respondents expected the index to hit 1,501? 1,600 points, and 40% of respondents expected that the highest peak would be 1,501? 1,600 points. Range 1,601? 1,700 respectively
Along with forecasting average net profit per share (EPS) of the market at 77.46 baht on the assumption of gross domestic product (GDP) year ’64, all respondents see it as positive. The average value is 3.74%. The respondents average at 49.70 USD per barrel.
Mr Sombat added that Thai stock market indices from now will not go up very much This is because the index has risen steadily since the second half of the year ’20, which rose before the introduction of the COVID-19 vaccine. Or before the economic recovery It is expected that the Thai economy will truly turn positively in the period of 2Q21 onwards.
“This year, with a recovering average earnings per share of the company. And the policy interest rate is expected to decline approximately 0.25% as well as the direction of foreign capital flowing into the Thai stock market. Who have left Thailand a lot, seeing that it has flowed back in since the end of the year 63 and that in the year 64 the money will flow back, “Sombat said.
The factors that positively affect the Thai stock price index in the year ’64 are quantitative easing (QE) of major countries around the world. 95.65% of survey respondents gave it a clear rating as positive. Followed by 91.30% of respondents expected foreign capital to flow into the Thai stock market. And the turnover of listed companies 78.26% respectively
The factors that will have a negative impact are 78.26% trend in the situation of COVID-19, followed by the domestic political factor 73.91% and the domestic economy 52.17% respectively.
The IAA said it was noteworthy that the economic climate in that country was fair to the vote, with 52.17% of the vote seeing it as a negative factor, but 39.13% argued it was positive.
Analyst Association Inquired the opinions of analysts and fund managers about Suggestions on what policies should the government accelerate that positively affect the economy Most of the respondents suggested that the government use both short-term and long-term stimulus measures. And to stimulate consumption through shopping programs to help the nation, etc. 28.57% of respondents proposed to accelerate the investment in infrastructure of the country. Domestic tourism promotion measures to stimulate employment.
In addition to the said offer In terms of helping businesses, 23.81% of respondents were answered. Measures to help SMEs gain access to funding, or to assist entrepreneurs affected by COVID-19
There are 4 or more stocks recommended by analysts as follows: 1 ADVANC, supported by three positive factors. Government agencies and private companies start work at home (WFH) to reduce the risk of the coronavirus outbreak. A new round of government This will benefit higher data usage, ADVANC yields a dividend yield of approximately 4.11%, combined with an attractive price drop, and foreign investment fund Flow has a chance to re-enter. Let’s invest in Thailand, where ADVANC is a strong stock. Have good cash flow Probably the stocks that foreign investors are interested in.
2.BDMS Support Issues From being the largest private hospital group in Thailand Expect earnings to recover from the low 2Q20. With cost control Increase the proportion of insurance patients And Thailand has entered an aging society
3.CPALL supporting factors From government measures are still ongoing Support money and purchasing power of customers. Expect benefits both directly and indirectly. 4.KBANK considering that the supporting factors From a high interest rate margin Have good risk management and control 5.PTTGC expects to benefit from the economic recovery after vaccination. And has cost advantages from using gas as a main raw material in production.
Stocks to avoid are tourism-related businesses such as hotels and airlines. Also, avoid some stocks that have surged more than 1,000% due to the fact that their prices have greatly exceeded their fundamental values.
In addition, the survey of the opinions of analysts and fund managers on investment perspectives and forecasting direction of the Thai stock price index (SET Index), totaled 23 companies, consisting of 18 securities companies, and asset management companies. 3 companies and 1 Gold Fuse Company
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