Pi expects Thai stocks to swing in 1,590-1,620 range, recommends hospitals, retail, energy to weather floods

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2▲9 ▼0Impact / 5
Summary · why it matters

Pi Securities Public Company Limited, or Pi, estimates that the Thai stock market index will move within a range of 1,590 to 1,620 points, believing the market will not panic over the flooding in many areas of Bangkok because the situation is expected to improve soon and is unlikely to be as severe as the great flood of 2011. Pi therefore recommends investing in sectors not affected by the floods, namely hospitals such as BDMS and BCH, retail such as CPALL, energy such as PTT, PTTEP, PTTGC and TOP, and exporters such as ITC and TU. Statistics from the great flood of 2011 show that the hardest-hit sectors were packaging, down 44 percent, electronics, down 35 percent, and transport, down 22 percent, while sectors that outperformed the market were healthcare, down only 1.4 percent, ICT, down 5 percent, real estate investment trusts, down 7.5 percent, and commerce, down 12.6 percent. One month after the situation eased, the stocks that rebounded most prominently were construction materials, up 32 percent, petrochemicals, up 32 percent, packaging, up 18 percent, and food, up 11 percent. On external factors, the Dow Jones index closed up 478 points, or 0.9 percent, last Friday, supported by Microsoft and artificial intelligence stocks, while US consumer confidence figures came in higher than the market expected, though the trend is still declining on concerns about rising goods prices. Brent crude oil prices closed down 2.1 percent on Friday, but this morning rebounded 1 percent after reports that the United States rejected Iran's proposal and indicated that further attacks could occur.

Impact on assets 10

Energy Transition & Power Demand▲ · 2 stocks
Consumer Staples▲ · 2 stocks
i-Tail Corp. PCL
ITC
▲ PositiveDemandrelevance

Pi recommends exporters such as ITC as sectors not affected by the floods.

Health Care▲ · 1 stocks
Aging Population▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks
Energy▲ · 1 stocks
Materials▲ · 1 stocks
Artificial Intelligence▲ · 1 stocks
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