2023-08-14 21:20:00
Broke looks at Thai stocks this week, moving within a range of 1,520 – 1,550 points, sticking to the minutes of the Fed meeting – the Constitutional Court – the announcement of the 2Q2023 budget, the final round, selecting 6 stocks that are worth speculating.
Mr. Watan Jitsomnuek, Director of Strategic Analysis Department, Pai Securities (PI), revealed thatThai stock market situation this weekwith Nation Online that last Friday the United States Reveal the Producer Price Index (PPI) +0.8%YoY, 0.3%MoM, slightly higher than Bloom berg Consensus expected.
Core Producer Price Index +2.4%YoY 0.3%MoM, slightly higher than Bloomberg Consensus’ expectation. After knowing the information, it was found that the yield of US government bonds or US Bond Yield, both 2 and 10 years, increased. US dollar appreciation
However, opinioninterestUnchanged CME FED Watch still weighs about 90% high that the FED will hold interest rates unchanged at the September meeting, reflecting that although the Producer Price Index was higher than Bloomberg’s estimate, it did not change its view on interest rates.
For this week, foreign economic numbers to follow include: 1. US retail sales Tuesday’s report is due. Bloomberg estimates 0.4%MoM, worse than expected, more positive for the stock market.
2. US construction permits and new housing sales Bloomberg Consensus estimates at 1.47 million licenses and 1.45 million homes. 3. FED Minute or Minutes of the FED meeting in July.
For domestic factors, wait and follow.constitutional court Will accept the request from the Ombudsman or not on August 16 if there is a resolution to accept the petition but not ask to postpone the Prime Minister’s vote? It is believed that soon from now on the chairman of the council will come out stating that the prime minister’s election day
Latest information fromPheu Thai Partyindicate that can has gathered 315 votes, one of which has the Palang Pracharat Party joining Collecting 315 votes is more than half the number. MPs and it is positive for policy, however, it is not enough for the Prime Minister’s vote.
In addition, wait for the final curve ofturnover Q2/2023, the latest data shows that the net profit of 80 stocks in the SET100 combined is 155 billion baht (-38%YoY -18%QoQ), but excluding the commodity sector, the combined net profit is 112 billion baht. Baht (-1%QoQ +7%YoY) YoY growth driven by banking and retail sector including travel groups
This week, the SET INDEX is estimated to move between 1,520 and 1,550 points, strategically investing, focusing on trading in 6 themes.retail group (BJC ,CRC ,CPALL ,HMPRO) restaurant (M) travel (AOT ,CENTEL ,ERW, MINT) bank (BBL,KBANK,KTB,SCB) shopping center (CPN) electronics (KCE)
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