Maybank Securities (Thailand) Expect the Thai stock market next week (6-10 June) to move in a frame of 1,630-1665 points, supported by the recovery of the Thai tourism sector. China’s easing in key cities will have to wait for the meeting of the MPC and the European Central Bank (ECB).
However, there are still pressure factors, namely inflation is still high. and the risk of global economic slowdown
The stocks (Top Picks) are recommended as follows:
– JMART (Target Price 75) The outlook for the year’s performance in 65 continues to grow strongly. Combining the opportunity to enter the SET50 calculation in the second half of this year provides additional support. Meanwhile, the recent correction in share prices has increased the accumulating attraction.
– BIS (Target Price 12) Be a leader in the animal health business. It covers both the livestock and pet markets. Expect earnings over the next 3 years to grow at an average 29% (CAGR) and profit margins will increase. from building our own factory for food supplements, vitamins and animal vaccines
– ECL (Target Price 3.8) Expect 2Q22 earnings to grow both QoQ and YoY from higher interest income. This is in line with the loan portfolio that is likely to grow this year. merge with new business Vehicle registration loans that will come in to help since the middle of the year will boost profits while the valuation is still affordable and worth collecting.