Asia Plus Securities says many sectors will benefit from US polls

Petrochemical, energy, exports, technology and high-dividend stocks are all recommended plays following the US election, say analysts.

Asia Plus Securities (ASP) executive vice-president Terdsak Taweethiratham said there will be several sectors that benefit from the US election that investors can consider.

The first sector is petrochemicals and energy, which will likely be supported by both the Republican and Democratic parties. Republicans favour a policy of fossil fuel consumption, while the Democrats plan to implement a US$2-trillion stimulus package partly spent on infrastructure supporting this sector, causing increased energy consumption and inflation.

The analyst proposes buying Siam Cement Group (SCG), Indorama Ventures (IVL), PTT Global Chemical (PTTGC) and PTT.

President Donald Trump’s international trade policy pressuring China exports has already…