Finansia Cyrus Securities Market outlook today Expect the SET Index to continue swinging Sideways to Sideways Up within a frame of 1,555-1570 points, recovering somewhat in the short term following international stock markets. Driven by expectations, Biden is nearing a conclusion on lowering tariffs on Chinese imports to reduce cost pressures and domestic inflation. However, recovery is still limited. Still have to track the US job numbers in June at the end of this week. And especially the inflation numbers next week.
Meanwhile, the US bond yield spread narrows to 0.24%, near inverted again, reflecting concerns about future recession. Domestic factors today will announce June inflation numbers, and the market expects +7.45% from last year. I would see that 3Q22 will be a volatile quarter and depend on whether inflation will clearly slow down or not. However, it is believed that the Thai stock market will remain stronger, supported by an accelerated economy and opening up of the country. The strategy also focuses on investing in Value and Selective stocks, stocks with unique positive factors and strong 2Q22 to 2H10 earnings prospects. Affected by slowing purchasing power and limited cost increases
Strategy : Focus on investing in Value stocks and stocks with unique positive factors and strong earnings prospects in 2Q22-2H22
for outstanding stocks of the month Jul. : CK, CPN, GFPT, KTB, MAKRO