Globleck Securities (GBS) assesses the overall picture of the Thai stock market in the period before the long halt continues to fluctuate following the new coronavirus outbreak, despite giving weight to measures to stimulate the economy at the end of the year. Half – shop well, have a night – we travel together. This is expected to result in an additional 0.2% growth of the Thai economy, which is a positive signal for the Ministry of Finance to move up to the 64th GDP growth forecast as well as the progress of the novel coronavirus vaccine. -19 To help reduce the severity of future recurrent epidemics
As for foreign factors that will affect investment, such as the recent US economic stimulus measures. Or at the beginning of the year 2021 after Mr. Joe Biden took over as US President. And it is expected that oil prices fluctuate in the range of 40-50 dollars a barrel. After OPEC extended production cuts to the end of the year to cut high supply amid the new coronavirus outbreak.
Ms. Wilasinee Bunmasungsong, Director of Research at Globle Securities, added that Factors to watch in the period before the long holidays, such as whether the official will announce a new lockdown or not. The last meeting of the Monetary Policy Committee (MPC) of the year 2020 Industry index announcement of the Office of Industrial Economics (OIE) Fiscal Policy Report of the Fiscal Policy Office (FPO) on regional economic conditions And confidence index for the future regional economy Including the Bank of Thailand (BOT) has reported Thailand’s economic conditions. This will be a basic indicator of how quickly the Thai economy will recover next year.
Therefore, the index in the year 64 should be fixed in the frame of 1,470-1,650 points with a good advice on investing in fundamental stocks. In particular, defensive stocks recommend ADVANC, DIF, GPSC, and GULF, followed by the stock price drop in cumulative buy-offs that benefit from MINT, CENTEL, ERW, BH and BDMS vaccines.
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