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Thai stocks
‘Thai stocks’ weaken today, support level 1,600 – 1,605, concern about FED accelerating rate hike
written by Alexandra Hartman Editor-in-Chief
Analysts at Krungsri Securities (Krungsri Securities) have assessed the “Thai stocks” index today (10 March 2023) weakening to the support range of 1,600 – 1,605 points. The market is still under pressure from concerns regarding the FED accelerating interest rates. to curb high inflation As a result, foreign fund flows tend to continue to flow out. In addition, slumping crude oil prices on demand concerns will be negative for energy sectors and indexes. Therefore, selective buy stocks with unique positive factors are recommended as before.
Today’s investment strategy: GPSC BGRIM GULF ROJNA SCGP SCC TASCO by virtue of weakening energy prices. While the shipping group PSL TTA bulk freight rose and BEM BTS BDMS BCH INTUCH ADVANC Defensive group volatile indices.
Today’s important issues to follow
(+) The power plant group has good news that the government is open to buying more electricity from renewable energy: the National Energy Policy Council (NEPC) has approved to buy electricity in the form of Feed-in Tariff (FiT) in the year 2022-2020. Add another 3,662 MW following the ERC has opened for the first round of purchase of 5,203 MW and purchased more electricity from renewable energy according to the PDP2018 plan 2021-73 from 10,000 MW to 12,700 MW.
(+/-) Nonfarm payrolls set US interest rates: US will publish February nonfarm payrolls and unemployment rate on Friday. down from the month Jan, an increase of 5.17 hundred thousand positions, while the unemployment rate remained stable at 3.4% (employment numbers must be lower than expected to reduce pressure on the Fed to raise interest rates).
(+/-) FOLLOW US CPI FEBRUARY NEXT WEEK: In addition to the job market numbers we’ll be following tonight. Next week, there is another factor to watch, which is the US February inflation rate. Consensus initially expects the headline CPI to be 6.2% from 6.4% and the core CPI is expected to remain stable at 5.6%.
‘The baht’ touched the weakest level in almost two months at 34.73 baht per dollar.
written by Alexandra Hartman Editor-in-Chief
Ms. Kanchana Chokpaisarnsilp research executive Kasikorn Research Center It was revealed that today (Feb. 23) bahtTouched the weakest level in almost two months at 34.73 before the market closed at 34.70 baht per dollar. Compared with yesterday’s close at 34.59 baht per dollar.
bybaht depreciationdown in the fund flow direction (as of today, foreign investors are selling netThai stocks 2,899.85 million baht and net outflows from the bond market 6,755 million baht), while the dollar Support the direction of appreciation from the trend of Fed rate hikes that may drag on.
As for the movement of the baht tomorrow (February 24), it is expected to be at 34.50-34.80 baht per dollar.
by the market waiting to follow the directionfund flowand the movement of Asian currencies. Including US economic numbers such as new home sales. Inflation as measured by personal consumption expenditure price index in January and the consumer confidence index in February
Open your eyes! 7 outstanding stocks with specific positive factors – brilliant budgets
written by Alexandra Hartman Editor-in-Chief
Mr. Watan Jitsomnuek, Director of Strategic Analysis Department, Pie Securities (PI), told Nation Online that last Friday, the National Economic and Social Development Council or NESDB report GDP 4Q22 It grew only 1.4%YoY, lower than the Bloomberg Consensus expectation of 3.6%YoY, with private consumption still expanding at 5.7%YoY, mainly due to continued growth in spending on non-durable goods (food).
Meanwhile, spending on durable goods decelerated following the purchase of vehicles. Government final consumption expenditure fell 8%YoY due to a decline in COVID-19-related spending, while private investment grew 4.5%YoY.
Residential construction slowed down and commercial building construction contracted 5.5%YoY. Machinery grew 5.1%YoY, slowing down from 3Q22’s 14%YoY, a slowdown in all capital goods groups, both vehicles and machinery. industry Meanwhile, exports contracted 10.5%YoY, declining in all categories of agricultural and industrial products due to weak demand from trading partners.
however ExportOutstanding service expansion of 94.6%YoY as a result of the arrival offoreign tourists In summary, lookretail stocksAssociated with beneficial foods such as (BJC, CRC, CPALL) restaurants and travel (AOT, CENTEL, ERW ,MINT ,SHR and SPA)
As for this week, follow 1. EU Purchasing Managers Index on Tuesday 2. US second-hand home sales on Tuesday as well, Bloomberg expects 4.09 million homes3. New home sales in the US on Friday, Bloomberg estimated at 620,000 homes. 4. Domestic tracking 4Q22 earnings of listed companies.
However, assessing the SET this week moving within the range of 1,630-1,665 points for strategic investment. Emphasis on holding high-end cash As for stocks, we recommend focusing on specific positive factors. The export group recommends TU (TP 23.5), ADVANC Communications (TP 236), CPALL Retail (TP 72.5) and MINT Restaurant (TP 40).