TISCO Asset Management sets a base-case target for the SET Index at around 1,650 points, viewing that heavy buying from foreign investors attending Thailand Focus will help build momentum for the Thai stock market, even though the overall upside for the index is becoming limited. Therefore, it assigns a Neutral investment weight and emphasizes a Sector Rotation strategy rather than expecting broad gains. It sees fund rotation starting from large-cap stocks, especially banks, before moving into commerce groups, and in the next phase, there is a chance funds will flow into domestic plays such as tourism and hospitals, as well as mid- and small-cap stocks that have not fully recovered. Meanwhile, the energy sector continues to be supported by high profit and dividend prospects.
TISCO Financial Group Public Company LimitedTISCO's asset management arm sets a 1,650-point SET target and recommends banks, retail, tourism, and hospitals, which may boost its fund management business.
