ASPS bullish on dividend plays
Omicron strain to cause volatility
Asia Plus Securities (ASPS) recommends investing in high-dividend and rubber glove stocks to avoid economic risks from the Omicron strain.
The new wave of the pandemic from the Omicron variant is pressuring bourses around the world, just as some were hoping for a short-term rebound.
The pandemic has a high probability of escalating after the New Year holiday as Omicron is reportedly resistant to non-mRNA vaccines and not many people have access to vaccine booster doses, said the brokerage.
ASPS said the SET Index dropped 1.98% since the new variant was discovered last month, significantly lower than the global average of a 3.41% contraction. This suggests the Thai bourse may have a better chance of weathering an impending economic slump, said the…
