Daily Strategy: FSS Recommends to Closely Monitor Post Reopening for Signals
Finansia Syrus Securities recommended investors to closely watch the situation after the reopening.
Finansia Syrus Securities recommended investors to closely watch the situation after the reopening.
29 ต.ค. 2564

Major stock markets in Asia traded in a mixed session on Friday, October 29, 2021, after the U.S. economy in the third quarter grew at a slower pace.
 
Thailand’s SET Index opened at 1,626.27 points, increased 1.96 points or 0.12%.
As of 10:15 local time in Thailand, Nikkei dipped 0.10%, Shanghai Composite rose 0.14%, Hang Seng Index fell 0.38%, ASX200 dropped 0.75% and IDX Composite gained 0.91%.
 
The United States economy grew at a slower pace in the third quarter of 2021, recording a 2% growth as a wave of Covid-19 crisis decelerated consumer spending amid surging inflation. The GDP growth in this quarter missed an estimate of 2.8% by economists.
Meanwhile, weekly U.S. initial jobless claims continued to record fewest numbers since the start of Covid-19 pandemic in 2020. Jobless claims last week totaled 281,000, lower than the expectation of 289,000 claims.
 
Mr. Kantara Ladawan na Ayutthaya, executive director of Finansia Syrus Securities (FSS), through “Kaohoon Jor Talad Program” on October 29, 2021, stated that the Thai stock market has already priced in the positive sentiment from Thailand reopening and now slowing down to see the progress once the reopening actually started for Covid-19 situation and the number of tourist arrivals.
The analyst noted that the Thai stock market could have more than a 100 index point of gain if the Covid-19 situation after the reopening does not escalate or maintain at an acceptable figure. Lastly, Mr. Ladawan stated that the banking, energy, retail, contractor and property stocks are buyable.