2024-03-19 15:37:37
Globlex reveals “4 outstanding stocks” CK-STEC-TASCO-CRANE accepting the Budget Act for 2024, sees Thai stocks Sideway Up, giving a range of 1,370-1,420 points.
Miss Wilasinee Bunmasungsong Senior Director of Research Globlex Securities Company Limited or GBS Evaluate the direction of the Thai stock market index this week with a chance of Sideway Up.
Supported by the consideration of the draft Budget Act for 2024 (additional), coupled with the price of WTI crude oil remaining stable at a high level, supporting energy stocks. Therefore, the index frame is set at 1,370-1,420 points.
There is also a supporting factor from the recovery of the Chinese economy. Which most recently reported retail sales during January-February. 2024 rose 5.5%, better than a Reuters poll that expected an increase of 5.2%.
Meanwhile, online retail sales jumped 14.4% from January to February. Goldman Sachs Group expects that the Bank of Japan (BOJ) will end its negative interest rate policy since 2007 and announce an interest rate increase for the first time.
and the US Secretary of Commerce Interested in investing in Thailand, especially in the semiconductor industry which Thailand-U.S. and preparing to appoint a working group to discuss details together
As for factors in the country this year TAT will support the concert event through funding and facilitating the exhibition to show that Thailand never sleeps with music festivals and other festivals, including festivals, traditions, culture, sports events, etc.
However, it is still necessary to keep an eye on factors that pressure investment confidence, such as:
- March 18-19, the Cabinet travels in Phayao. University of the Thai Chamber of Commerce announces revised Thai economic forecast for 2024
- On March 26, the Senate considered the draft. Budget Expenditure Act for Fiscal Year 2024
- On March 29, the Bank of Thailand (BoT) reported on the Thai economic and financial situation.
As for foreign factors
- Today, March 19, the EU reports the economic confidence index for March. The United States reports numbers on home starts and building permits in February.
- March 19-20, the Federal Reserve (FED) meeting is scheduled to announce the interest rate decision on the morning of March 21.
- March 20, China reports 1-year and 5-year prime customer loan interest rates (LPR). United States weekly oil stock report.
Therefore, we recommend a stock investment strategy that benefits from considering the draft 2024 (additional) Budget Act, which is expected to speed up disbursement. The stocks that benefit from such factors include CK, STEC, TASCO and CRANE.
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