Survey
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
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