Analyst Advises Investors to Speculate at 1,500pts, Seeing Retail-F&B Still Laggard
Analyst Advises Investors to Speculate at 1,500pts, Seeing Retail-F&B Still Laggard.
Analyst Advises Investors to Speculate at 1,500pts, Seeing Retail-F&B Still Laggard.
20 ม.ค. 2564

Finansia Syrus Securities (FSS) expected SET Index to move sideways to sideways-up trends within 1,515-1,530 points in anticipation of energy stocks from the rebound of crude oil prices. The analyst also expected the 1.9 trillion dollars stimulus plan to support the market after Janet Yellen said that the U.S. can afford a higher corporate tax rate. The move could result in more fund flow into emerging markets, especially Asian markets, coupled with the depreciation of greenbacks.
Meanwhile, there is no negative factor to pressure the Thai stock market, and the government moved forward to introduce package relief for those impacted by the resurgence of Covid-19.
Furthermore, the announcement of the banking sector’s 4Q20 earnings was in line with forecasts so far. The analyst expected a rebase range to be 1,450-1,480 points for mid-term and long-term investment. Meanwhile, investors could speculate on the 1,500 support level for a short-term investment. Lastly, the retail and F&amp;B sectors are still laggard.
 
As of 9:35 local time in Thailand In the morning session on Wednesday, Nikkei slipped 0.41%, SSEC rose 0.37%, HSI gained 0.89%, ASX200 increased 0.56% and Kospi advanced 0.32%.