Bangkok--Nov 15--SET
The SET President, Mr. Kittiratt Na-Ranong, disclosed that generally there was a high degree of active participation by visitors at the 3rd all-inclusive investment fair “SET in the City 2004”, which is using the theme:: “Shareholders…the Power of Ownership”. A very large number lot of people,, mainly retails investors, students, and the general interested public, visited the event, which is being held Nov.11-14, 2004, at the Queen Sirikit National Convention Center.
Visitors actively participated in The seminar sessions were actively participated in and there was equal interest in attending visiting no less than the many booths visiting. The seminar “Picking the Right Stocks-Catching the Market Timing” by Kim Eng Securities (Thailand) Pcl. was fully packed, with almost no room to stand. Another popular session was “Recommended Stocks Before Christmas Time” by, by Far East Securities in Meeting Hall 3.
As for “Following the Stock Wizard’s Path”, and the mutual funds sessions -- such as “The Economy Under Thaksin 2: an Investment Changing Point” by TMB Asset Management,; “LTF…Investing with Privileges” by One Asset Management, and “LTF-RMF: Beautiful Twins for Saving Taxes”, they -- all received a lot of attention.
Kim Eng Securities recommended 2 outstanding sectors for the year-end period: . They are the finance and communication sectors. Interesting stocks in the banking sector include Bangkok Bank, Kasikornbank, Siam City Bank, and Siam Commercial Bbank. The Bangkok Bank is outstanding because of its size and favorable growth. It also has a large reserved fund and managesd itsthe non-performing loans well.
As for the communication sector, Kim Eng prefers Shin Corporation, as it has large cash reserves availableleft on hand. Other interesting sectors are the consumer products, with companies like Oishi,; and, building materials with firms like the Siam Cement, Thai Plastic and Chemicals, National Petrochemicals, and Thai Olefins.
Far East Securities recommended two sectors for the pre-Christmas period: . They are the energy and petrochemicals sectors. These two sectors will benefit from the recovery of the Chinese and U.S. economies, as there will be higher demand for oils. This sector will also benefit from hHigher oil prices affected by supply hoarding due to the fear of oil scarcitye will also benefit this sector. THence, the forecastedbelievedre are trends forthat the 2 sectors are excellent, with expectations that they will bothwill post good sales and profits.
Average profit growth of the energy sector is forecasted at 45% this year. PTT and Thai Oil are interesting, asin theyir both possess strong fundamentals and show consistently dividend increases. PTT has the largest market capitalization on the bourse, accounting for a full 10% of the total, market capitalization and has numerousmany long-term revenue bases, resulting in reduced volatility in its not very much volatile stock prices trend.
As for Thai Oil, being an integrated oil refinery makes it flexible enough to produce output that can correspond directlyingly to market demand. Another supporting factor is that it works together withhas PTT inas a strong distributionng alliance which, hence createsproviding room for an increase in revenues and a stabilization of making its revenue base stable.
As forConcerning the petrochemical sector, Far East Securities recommends The The Aromatics (Thailand) Pcl., since it as it has a goodsuperior debt-restructuring plan structure. Its debt-to-equity ratio has been decreased to 1.56 times in 2004, from 9.95 times in 2001. Besides, there’s an existing trend that indicates it will gain from higher demands forin textile materials. End.