Thai equities traded marginally lower on Monday, the first trading day after a long Songkran holiday, as investors continue to weigh economic risks.
As of 16.00 hrs., the SET Index dropped 1.34 points, or 0.08% to 1,673 points, with a trading value of THB52,442 million.
Asia Plus Securities forecasts SET to trade between 1,668 and 1,685 points and recommends stocks with good immunity to inflation and positive factors, e.g. HELTH, TOURISM, COMM, and INSUR. Bumrungrad Hospital Plc. (SET: BH), Airports of Thailand Plc. (SET: AOT), and Bangkok Life Assurance Plc. (SET: BLA) are among the best picks.
According to ASPS analysts, BH tends to outperform the SET during market volatility and benefits from country reopening, while airport plays such as AOT remain laggard from other tourism plays. BLA is predicted to benefit from an increase in the US ten-year bond yield from 2.73% to 2.85%, while the SET Index falls.