Brokers highlighted 21 stocks from 7 business sectors benefiting from China’s economic recovery, including Tourism/Hotels, Electronic Components, Real Estate Development, Construction Materials, Energy and Petrochemicals, Food and Beverages, and Rubber.
In the FTSE GEIS Semi-Annual Review, 5 stocks entered the Small Cap category: CCET, EA, IRPC, SKY, and WHART.
Reporters have pointed out the signs of recovery in the Chinese economy, noting that Thailand’s exports to China hold the second spot, just behind the U.S., comprising 15.5% of Thailand’s overall exports. Meanwhile, Thailand ranks 13th in supplying imports to China, representing 1.8% of China’s total import market. This scenario also suggests a promising opportunity to boost the influx of Chinese tourists to Thailand in the coming years.
Asia Plus Securities has highlighted stocks likely to benefit from these developments, including:
- Tourism and Hotels: Airports of Thailand Public Company Limited (SET: AOT), The Erawan Group Public Company Limited (SET : ERW), Central Plaza Hotel Public Company Limited (SET: CENTEL), and Minor International Public Company Limited (SET: MINT).
- Electronic Components: KCE Electronics Public Company Limited (SET: KCE) and Delta Electronics (Thailand) Public Company Limited (SET: DELTA).
- Real Estate Development: AP (Thailand) Public Company Limited (SET: AP), Land and Houses Public Company Limited (SET: LH), and SC Asset Corporation Public Company Limited (SET: SC).
- Construction Materials: The Siam Cement Public Company Limited (SET: SCC) and SCG Packaging Public Company Limited (SET: SCGP).
- Energy and Petrochemicals: PTT Public Company Limited (SET: PTT), Thai Oil Public Company Limited (SET: TOP), PTT Global Chemical Public Company Limited (SET: PTTGC), and Indorama Ventures Public Company Limited (SET: IVL).
- Food and Beverages: Carabao Group Public Company Limited (SET: CBG), Central Retail Corporation Public Company Limited (SET: CRC), Berli Jucker Public Company Limited (SET: BJC), and CP ALL Public Company Limited (SET: CPALL).
- Rubber: North East Rubber Public Company Limited (SET: NER) and Sri Trang Agro-Industry Public Company Limited (SET: STA).
Moreover, the FTSE Rebalance announced the quarterly review, effective at the closing price on March 21. Details are as follows:
- Large Cap: No additions or removals.
- Mid Cap: No additions; EA and IRPC were removed.
- Small Cap: Additions include EA, IRPC, CCET, SKY, and WHART; removals include BYD and LPN.
- Micro Cap: Additions include ADVICE, BYD, KBSPIF, LHSC, LPN, MONO, PCE, SISB, SPA, and VIBHA; removals include APURE, FTREIT, JR, KISS, LALIN, NRF, NTV, SENA, SGP, SKY, SMIT, SVOA, TAN, TMT, TTCL, UNIQ, and WHART.
Meanwhile, TISCO Securities indicated that due to more Thai stocks being removed than added, Thailand’s weight in global indices like FTSE and MSCI is decreasing.
