ASPS recommends holding 30-40% cash, picks 5 safe-haven stocks to weather market volatility

Kaohoon··THUS·Read original
2▲10 ▼0Impact / 5
Summary · why it matters

Asia Plus Securities Public Company Limited, or ASPS, recommends that investors raise their cash holdings to 30% - 40% of their portfolios and shift strategy toward seeking out "stocks resilient to selling pressure" to cope with pressure on the Thai capital market from both domestic and foreign sources, particularly the selling by foreign investors who dumped Thai stocks for 7 consecutive trading days between September 22 and 30, totaling more than 30,572 million baht, pushing trading value to exceed 100 billion baht. The safe-haven stocks are divided into two main groups. The first group benefits from the weak baht amid foreign selling, namely CPF, ITC, KCE and HANA. The second group consists of low-volatility stocks entering their high season (Defensive & Healthcare), namely BH, BDMS, BCH and PR9. Meanwhile, the 5 standout stocks and DRs recommended to cope with the volatile market conditions are AAPL80, on the positive factor of the upcoming launch of 3 new smartphone models in the middle of this month; GOOGL01, on positive sentiment from the launch of the AI model "GEMINI 4 ARGON" that has risen to number 1 in the world; BDMS, on its third-quarter 2026 operating results that are clearly recovering, with revenue in July-August growing 8-9% compared with the same period last year, while the share price remains a laggard; CK, after the unlocking of the barcode law issue supports progress on the 2027 budget and new bidding projects, along with receiving dividends from its subsidiaries BEM, CKP and TTW; and ITC, whose fourth-quarter 2026 profit trend is expected to recover strongly compared with the previous quarter and which is a stock that directly benefits from the weakening baht trend.

Impact on assets 15

Health Care▲ · 3 stocks
Artificial Intelligence▲ · 2 stocks
Apple Inc.
AAPL
▲ PositiveTechnologyrelevance

ASPS picks AAPL80 as a standout on the upcoming launch of 3 new smartphone models mid-month.

Alphabet Inc Class C
GOOG
▲ PositiveTechnologyrelevance

ASPS picks GOOGL01 on positive sentiment from the launch of the AI model 'GEMINI 4 ARGON' ranked number 1 in the world.

Industrials▲ · 2 stocks
CH. Karnchang PCL
CK
▲ PositiveRegulationrelevance

ASPS picks CK after the unlocking of the barcode law issue supports progress on the 2027 budget and new bidding projects.

Consumer Staples▲ · 2 stocks
i-Tail Corp. PCL
ITC
▲ PositiveMonetaryrelevance

ITC is recommended as directly benefiting from the weakening baht trend and an expected strong Q4 2026 profit recovery.

Semiconductors▲ · 2 stocks
Aging Population▲ · 1 stocks
Financials▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks
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