ASPS recommends holding 30-40% cash to weather volatility, highlights KCE, SCC, CK

Kaohoon··THUSIR·Read original
3▲3 ▼0Impact / 5
Summary · why it matters

Asia Plus Securities, or ASPS, is advising investors to raise their cash allocation to 30-40% of their portfolios to reduce risk from volatility and wait for the right moment to accumulate fundamentally strong stocks. The recommendation comes amid pressure from the Persian Gulf situation, where the US Department of Defense is preparing to send another aircraft carrier along with more than 10,000 marines into the area if Donald Trump escalates his handling of Iran. That has pushed Brent crude to 102.3 US dollars per barrel. Meanwhile, European inflation in September came in higher than expected in several countries, with France at 3.0%, Spain at 4.9%, Italy at 4.1% and Germany at 3.3% year on year, driving overall eurozone inflation to 3.7% year on year. On the Thai side, the stock market saw net selling of 771 million US dollars, as 10-year bond yields worldwide rose by 0.20% to 1.50% over the past month, pressuring Thailand's market earnings yield gap down to 3.7% from 5.3% early in the year, while the baht weakened into a range of 35 to 37 baht per dollar. However, the weaker baht is a positive for three main business groups: exporters such as TU, ITC and CPF; the medical group such as BH, BDMS, BCH and PR9; and the tourism group such as AOT and CENTEL. In addition, the research team has selected five standout stocks for the day: AMAT01, MRVL06, KCE, SCC and CK. KCE is expected to see third and fourth quarter profits recover both quarter on quarter and year on year, benefiting from a shortage of PCB circuit boards. SCC drew a positive market response after excluding its olefins business, while CK benefits from accelerated disbursement and government project bidding, with third quarter results expected to mark the year's peak.

Impact on assets 15

Health Care▲ · 3 stocks
Consumer Staples▲ · 3 stocks
Industrials▲ · 2 stocks
CH. Karnchang PCL
CK
▲ PositiveDemandrelevance

CK benefits from accelerated disbursement and government project bidding, with Q3 results expected to be the year's peak.

Semiconductors▲ · 2 stocks
Climate Adaptation & Water▲ · 1 stocks
Financials▲ · 1 stocks
Aging Population▲ · 1 stocks
Consumer Discretionary▲ · 1 stocks
Artificial Intelligence▲ · 1 stocks
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