Daily Strategy: SCBS Recommends PTT, ADVANC and AAV for Unique Upsides

Major stock markets in Asia traded lower on Monday amid escalating tension between Russia and Ukraine over the night on a report of marching 100,000 Russian equipped with advanced weaponry near the border. On the contrary, oil prices continue to surge in concerns of a supply crunch.


On February 14, 2022, Thailand’s SET Index opened at 1,691.32 points, decreased 7.88 points or 0.46%.

As of 10:07 local time in Thailand, Nikkei plunged 2.62%, SSEC slipped 0.51%, Hang Seng Index fell 1.05%, IDX Composite dropped 1.07% while ASX 200 gained 0.48%.

Oil prices continued to surge on Monday amid escalating tensions between Russia and Ukraine over the weekend.


Mr. Ekpawin Suntarapichard, investment strategist of the Siam Commercial Bank Securities (SCBS), through “Kaohoon Jor Talad Program” on February 14, 2022, stated that the Russia and Ukraine situation should be keeping an eye on as well as the Fed’s rate hike after the announcement of 40-year high inflation rate. Mr. Suntarapichard expected a support level for SET Index at 1,690-1,684 points and a resistance level at 1,700-1,710 points.

The easing tension between Russia and Ukraine and pricing in of the Fed rate hike would be a positive sentiment to the market, but currently he expected the market to correct, giving an opportunity to buy on weakness.

As for recommended stocks, the strategist said PTT is still laggard and will benefit from the rising oil price, giving a support level at Bt39.5-40 and a resistance level at Bt41-42 per share. Meanwhile, ADVANC has a potential for higher dividend payment, including the establishment of infrafund and a one-time dividend payment, giving a support level at Bt230 and a target price at Bt250 per share. Lastly, Mr. Suntarapichard recommended AAV, seeing an uptrend in aviation business from border reopening, giving a support level at Bt2.5-2.6 and a resistance level at Bt3 per share.