Asia Plus Securities assesses this May 7, holding a general election. ready to open statistics Thai stock market return 3 months before the election, the average return is as high as 3.9%, and following the election, 1 week has the opportunity to return 3.8%, including more than 7% before and following the election, with the recommendation of the ICT – MEDIA – COMM group, which is the strongest.
Securities Analyst Department, Asia Plus Securities Co., Ltd. (ASPS) reveals that now the signal of political change is getting clearer. both promoting the policies of various political parties The move of the party of MPs, which, if seized by the end of the term of the House of Representatives The general election plan will be held on May 7, 2023.
However, if parliament is dissolved A general election must be held from 45 days but not more than 60 days from the date of the Royal Decree dissolving the House of Representatives. effective It shows that at present there are regarding 3 months left for the 29th election.
Opening statistics 3 months before the election, the SET yielded 3.9%.
The research department Study the best pre- and post-Election stock market returns in 2017. 2001 – 2019 found that the SET Index usually gave a good return in the 3 months before the election, averaging 3.9% and during the first week of the election, an average return of 3.8%.
In conclusion, the SET Index tends to rise well during the election season. Especially in the three months before the election. Until one week following the election, the SET Index has a chance to return as high as 7.7%.
Consisting of: 3 months before the election, the SET was 3.9%, 1 month before the election, the SET plus 1.09%, 2 weeks before the election and 1 week before the election, SET plus 2.09% and 1.87%, respectively.
One week following the election, the SET was plus 3.81%, two weeks following the election, the SET was plus 3.55%, and following one month, the SET was plus 3.10%.
Recommend 18 outstanding stocks on election theme
For stocks with high returns, Outperfrom compared to the SET is ICT 9.4% – MEDIA 7.8% – COMM 6.4% – FOOD 5.5% – FIN 5.2% – CONMAT 4.8% – BANK 4.3%.
In addition, the Research Department of Asia Plus Securities has also selected outstanding stocks on election themes By choosing stocks with Laggard price (from the beginning of 2011 until now, still giving negative returns) and good valuation, details are as follows.
stock price target upside
baht/share
STPI 6.50 60.90%
AP 15.50 34.80%
NWR 0.96 29.70%
PLANB 9.30 24.10%
MAJOR 21.80 22.50%
BEC 12.70 21%
ADVANC 239 18.90%
SC 4.88 16.20%
MINT 38 13.40%
INTUCH 86.75 12.30%
STEC 15.50 10.70%
SCC 380 8.60%
CENTEL 54 4.90%
BBL 159 1.30%
MACRO 37.50 -11.80%
THCOM 10.90 -32.30%
TKS N/A N/A
AMATA N/A N/A
