Stock picks for investors amid the Covid-19 crisis

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Brokerage firms have recommended select stocks for investment amid the new Covid-19 wave.

Yuanta Securities strategist Natapon Khamthakrue advised buying construction company shares, such as Sino-Thai Engineering and Construction (STEC) and CH-Karnchang (CK) as they have limited downside and benefit from the government’s move to stimulate domestic investment.

“Also, we advise buying telecommunication and energy shares, which have been able to escape the Covid-19 impact, such as Advanced Info Services [ADVANC], PTT and PTT Global Chemical [PTTGC],” he said.

He added that bank shares, such as Kasikornbank (KBANK) would benefit from positive news of a Covid-19 vaccine next year.

Kasikorn Securities senior vice president Sorrabhol Virameteekul expected the new Covid-19 wave to cause uncertainty among investors in the short term as the government would be able to contain the spread within two months.

He advised buying non-bank and logistics stocks which are able to escape the Covid-19 impact, such as AEON Thana Sinsap (AEONTS), JMT Network Services (JMT), Srisawad Corporation (SAWAD), Precious Shipping (PSL) and RCL.

“Also, we advise buying Bangkok Expressway and Metro [BEM], which has limited downside and benefits from positive news of a Covid-19 vaccine,” he said.

Bualuang Securities director of individual customer research, Wikij Tirawannarat, advised buying shares with growth potential at cheap price, such as Bangkok Commercial Asset Management (BAM), JMT, Chayo Group (CHAYO), Carabao Group (CBG) and Eastern Commercial Leasing (ECL).

Globlex Securities analyst Nuttawut Wongyaowarak advised buying shares which benefit from the Covid-19 outbreak, such as Sri Trang Gloves (STGT) and TQM Corporation (TQM).