The total net profit of Thai listed companies rose 50% to 275 billion baht year-on-year in the fourth quarter of 2021, exceeding analysts’ forecast, according to Asia Plus Securities (ASPS).
As a result, ASPS is considering upgrading its forecast for listed companies’ profit growth this year. The high potential for growth will be an important factor to attract foreign funds to the Thai bourse this year, said analysts from ASPS.
In terms of investment strategy, the brokerage recommends avoiding stocks that will be impacted by external factors and investing in domestic retail stocks such as Siam Makro, CP All and Berli Jucker.
ASPS also expects restaurant stocks to recover this year. Top picks from the group include MK Restaurant Group.
The brokerage also recommends Total Access Communication (DTAC) for tech-backed stocks, Global Power Synergy and Thai Oil for…
