For example, IVL is worried about its European business being affected after natural gas prices in the US and Europe have skyrocketed, SCGP has sales pressure after its 2Q22 budget announcement, net profit has dropped 18% qoq, and MINT has dropped concerns about smallpox in Europe.
stock market trend today
The SET estimates that the SET swings at 1,545 – 1,560 points. The index was pressured by the US consumer confidence index continued to decline due to concerns about inflation and the US economy slowing down, selling pressure before the FOMC meeting, which is expected to raise interest rates by 0.75% to 2.5. % including risk reduction before the long break of the Thai stock market However, buying pressure on stocks with unique news and stocks in 2Q22 budget growth will help boost the index’s rebound.
Investment Strategy: Selective Buy
GPSC BGRIM GULF RATCH SCGP SCC EPG benefit of weaker crude oil prices
MTC SAWAD KTC AEONTS ASK Financial group benefiting US Bond yield weakened
Group of stocks expected to grow in 2Q22 budget CKP GFPT TFG PTTEP TOP SPRC BANPU SNNP BEM CPN CENTEL
Recommended stocks today
BANPU (Close 13.10 BUY / target 17 baht) 2Q22 net profit of 8.6 billion baht, down 16% qoq but up 6 times yoy. Sentiment from today’s rising natural gas prices in the US. Likewise, coal prices hit 440$/ton (+7%).
ADVANCE (Closed 198 Buy / Target Bt253) Strong earnings We expect ADVANC to have a 2Q22 net profit of around Bt6.6bn, stable yoy but up 5%qoq. Today there are specific positive factors from the news. The Central Administrative Court’s decision revoked the arbitral award without ADVANC required to pay 31 billion baht plus interest to NT.
Today’s Analysis
ADVANC (Close 198 Buy / Target 235 Baht), SCGP (Close 51.75 Hold / Target 62 Baht)
Today’s Topics
(-) IMF negative outlook, downgrade forecast World economy this year and next: IMF cuts forecasts The global economy this year and next year is expected to grow by 3.2% and 2.9 percent, from 3.4% and 3.6%, respectively. The IMF also warned that the global economy is likely to enter a recession. amid rising inflation risks The worse-than-expected slowdown in China’s economy Including the impact of the Russian military invasion of Ukraine.
(-) Oil Group – crude oil WTI fell $1.72 on news that the US is preparing to drain more crude inventories: WTI crude fell $1.72 (+1.8%) to $94.98 a barrel. After news that the United States will drain an additional 20 million barrels of its strategic reserves (SPR) from the original plan to drain 180 million barrels for six months from May to October 2022. (average of 1 million barrels per day or 1% of the world)
(+) CabinetApproved several measures to stimulate purchasing power and alleviate the burden of living expenses: Yesterday, the Cabinet meeting approved a half-time measure, Phase 5, with a budget of 21.2 billion baht, and a measure to increase the budget for welfare card holders of the State Phase 5 and vulnerable groups. In need of special assistance, Phase 3, totaling 6,228 million baht, assessing the impact of the economy is not much because the money of the 3 measures accounted for 0.17% of the total GDP. reduce the burden of living expenses And the shares that will benefit are TNP KK and MAKRO.