As a result of the upcoming merger between Gulf Energy Development (SET: GULF) and Intouch Holdings Public Company Limited (SET: INTUCH) to form the new company GULF Development, set to debut on April 3rd, adjustments to the SET50/SET100 indices are to be expected.
Krungsri Securities (KSS) has evaluated potential new additions to both indices following this development.
It is projected that VGI will enter the SET50 index by the end of April 2nd, with a 95% chance. In the SET100 index, one new contender is expected to join the ranks, competing among MOSHI (50% chance), THCOM (30% chance), and KAMART (20% chance).
Overall, stocks included in the SET50/100 are likely to see increased buying pressure from passive funds, pushing stock prices higher. Specifically, for the SET50 index, VGI and BTS are recommended for profit-taking, with a notable share in BTS. For the SET100 index, profit-taking is suggested on MOSHI.
