Download ONE STARS SELECTION FUND

ONE STARS SELECTION FUND
As of 30 November 2016
Fund Update
Portfolio Allocation
Market Outlook & Strategy Update
ONE-STARS mainly invest in Thai stocks that listed in Stock
Exchange of Thailand and its objective is to outperform SET index
(active management) through stock selection on 4 elements
Fundamentals, Valuation, Momentum, and Risk
As of 30 Nov 16 ONE-STARS invested in listed stocks in the SET
77.37% of portfolio Bond 13.86% as well as fixed income
instrument and cash equivalent 8.78%
Top 5 Holdings of bonds
Bond Name
1. CB17223B
Rating
Portion (%)
G
8.80%
Top 5 Holdings of stocks
Stock Name
1. MALEE GROUP PCL
2. MEGA LIFESCIENCES PUBLIC
COMPANY LIMITED
3. M.C.S.STEEL PCL
4. BANGKOK CHAIN HOSPITAL PCL
5. VICHITBHAN PALMOIL PUBLIC
COMPANY LIMITED
Cash and cash equivalent
Sector
Portion (%)
Food
8.62%
Services
8.55%
Industrials
8.38%
Services
8.24%
Agro
7.32%
8.78%
• In Nov 2016, SET Index Closed at 1,510.24 point increased 0.97%
meanwhile average trading value at 55 Billion Bath compared with
last month around 61 Billion. Foreign investors net sell at 37 Billion
Baht compared with last month net sell position around 18 Billion
Bath.
• Stock market in Nov 2016: SET index volatiled especially in the
early of the month from Mr.Donald Trump won the U.S. president
election on 8 Nov 2016, which effected to fund outflow from
developing market to developed market. However, due to the positive
domestic factors such as the announced from Thai GDP 3Q16 still
growing continuously and the government measurement for
stimulating domestic consumption and tourism, as well as oil price
increased these could support SET moved up in the mid of the month.
• Fund Performance : ONE-STARS has gained 2.31% versus the
market of 0.84%. Best performer was Malee Group (MALEE TB) and
the laggard was Charoen Pokphand Foods (CPF TB). MALEE
announced a record high profit for 3Q16 driven by strong exports
sales of coconut water
• For investment view: Due to ONEAM expect that SET has still
volatile in short-term from external factors especially the U.S
economics improvement after Mr. Donald Trump to be the US.
President which increase the chances of FED to hike rate
and ITALY voted No in a referendum . Meanwhile SET has positive
factor from internal factors especially government stimulus to
improved consumption expenditure and improved volume of tourism
as a key driver of GDP Q4/16 growth. So if the stock market fall in the
lower level (undervalue), the fund might be accumulate in stock,
especially mid-cap stocks and selection Fundamentals, Valuation,
Momentum, and Risk.
Fund Performance
“Please consider product features, conditions, risks and returns before making an investment decision” / Investors can request more information and obtain the full prospectus and
commitment at the Management Company or the selling agent appointed of this fund / Evaluation of a Mutual Fund is prepared and conducted pursuant to the evaluation standard
prescribed by AIMC / Past performance of the fund is not insisting of future performance
989 Siam Piwat Tower Building, 9, 24 Floor, Rama I Road, Patumwan, Bangkok 10300. Contact : Customer Service 02-659-8888 press 1
www.one-asset.com