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“Trinity” selected 13 low PE stocks – worth investing in, safe from Bond Yeald rising

“Trinity” gives out investment scriptures in March, selected 7 groups of 13 safe stocks, receiving an upward bond yield, suggesting an up-sell-buy strategy according to the framework. The key resistance is 1,540 points, the first support at 1,480 points, and the key support at 1,450 points. The second half is time to look at the big stocks. After EPS estimates stabilize and foreign investors’ portfolios are prepared to end.

Mr. Natchat Mekmasin Assistant Managing Director Securities Analysis Department Trinity Securities Co., Ltd. announced its investment direction in March that it viewed the Thai stock market to be less volatile than other markets, especially compared to growing markets such as the US and North Asia. Which is a stock market that is sensitive to the modification of bond yield

“Support index 1,450 – 1,480 points will be an index area that can be bought to accommodate various external factors, especially the issue of rising global bond yields. This month’s key resistance is estimated at 1,540 points, which will bring the Thai stock market’s earning gap down to -1SD, reflecting the tightness in the Valuation dimension. Recommend to focus on selling and making profits first, ”said Mr. Natchat.

For investment themes suitable for strong bond yields and higher inflation expectations, it is recommended to invest in Reflation / Recovery / Reopening themes, which must still be traded with low valuation (PE). This is because these stocks have a high earning yield gap compared to the average. Therefore, it can withstand the risk that Bond yield may be further adjusted.

There are 13 interesting stocks in 7 groups of 13 stocks as follows: 1. Hard commodities, selected stocks are PTTGC, TOP, SPRC, ESSO 2. Soft commodities, selected stocks are STA 3. Banking group, selected stocks are KBANK, BBL 4. Food groups The stocks that are selected are CPF, TU. The selected stocks are AP, ORI 6. Maritime Group The selected stocks are RCL 7. Consumer goods, the selected stocks are STGT.

“Bond yield that has increased in the past. We maintain a neutral view and are not too concerned. This is because volatility is very low. When compared many periods in the past Forecasts for US inflation are not yet at a level of concern to the Fed’s tightening of monetary policy either, so the current event remains distant to the past bond shocks that often accompany massive stock market corrections. The stock investment is viewed as continuing as long as the US 10-year bond yield is less than 2.0% and the US 10-year inflation forecast has not touched 2.5%. ” Thanachat said.

For the second half of March. It should start as a good time for more large stocks. After adjusting the underperform for medium-small stocks. All along since the beginning of last year This is because the selling pressure of foreign investors is likely to start to run out. After the adjustment of the basket of the FTSE index, which has lightened the Thai stock market in this round. In addition, in terms of fundamentals, the profit forecast for major stocks has now stabilized. That’s where the majority of the recommended stocks for the month tend to be larger.

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