“However, the index would be under pressure due to uncertainty over the US Federal Reserve’s signal that it would raise the interest rate to tackle inflation, and a mass share sell-off in response to signs of overbought stocks,” Krungsri Securities said.
It advised investors to follow the Opec+ meeting on Wednesday as the bloc was expected to raise oil production by 400,000 barrels per day.
It recommended the purchase of the following company’s shares as an investment strategy:
• BBL, KBank, KTB and BLA, which will benefit from news of a US interest rate hike.
• PTTEP, Top, PTTGC, IVL and SPRC, which would gain from the rising price of oil and the gross refining margin.
• AOT, Mint, Centel, ERW and AAV, which would benefit from the relaunch of the Test & Go scheme and the fourth phase of the “Rao Tiew Duay Kan” (We Travel Together) travel subsidy.
