SET extends gains, but tight valuation casts shadow #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

SET extends gains, but tight valuation casts shadow

EconJan 13. 2021

By The Nation

The Stock Exchange of Thailand (SET) Index rose by 5.64 points, or 0.37 per cent, to 1,545.49 in the morning session on Wednesday.

An analyst at Krungsri Securities predicted the day’s index would fluctuate between 1,530 and 1,550 points amid signs US President-elect Joe Biden would launch economic stimulus measures and a rising oil price after Saudi Arabia cut its oil production capacity by 1 million barrels per day.

However, the index would be under pressure due to its tight valuation at a price-to-earnings ratio of 30 times, the analyst said.

He recommended investors buy:

> PTTEP, PTTGC, Top and IVL, which benefit from the rising oil price and improved fourth-quarter performance.

> PSL, TTA and RCL, which would benefit from a rise in the freight rate.

> KBank, SCB, BBL, KTB and BLA, which benefit from a rising US bond yield.

The SET Index closed at 1,539.85 on Tuesday, up 3.36 points, or 0.22 per cent. The volume of total transactions was Bt90.16 billion, with an index high of 1,542.65 points and a low of 1,528.50.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s