Post by account_disabled on Dec 27, 2023 1:52:56 GMT -5
Globelex Securities assesses the situation of the Thai stock market. Investors still put their weight on various measures of the National Bank, putting pressure on the stock prices of commercial banks. And keep an eye on the MPC meeting on the 24th to discuss the policy interest rate. Therefore giving a framework for the movement of the index of 1,335 - 1,380 points and recommending strategies for investing in target stocks of the SSFX fund, highlighting AOT-CPALL-PTT-ADVANC as outstanding. Miss Wilasinee Bunmasungsong, Research Director Global Securities Company Limited or GBS assesses that the direction of the Thai stock market continues to fluctuate. from the selling pressure of banking stocks after the BoT asked commercial banks to refrain from paying interim dividends. and refrain from buying back shares in order to maintain a strong capital level. In addition, there is concern about the second round of COVID-19 outbreak in the United States and China. after the number of new infections increased Therefore, the movement of the index is expected in the range of 1,335 - 1,380 points. In addition, there is still a need to attend the meeting of the MPC Committee on June 24 regarding the policy interest rate.
It is expected that the interest rate will be maintained at the level of 0.50% in order to evaluate the response from various measures that have been issued in the past period. including the Ministry of Commerce There will be an announcement about export-import figures and the IMF will further reduce its forecast for the world economy from the previous expectation of a contraction of 3%. The United States will release its April house price index. and oil stocks Also on June 25, the United States will reveal the number of weekly jobless claims. The Boston Telegram Number Data Fed president expects the U.S. unemployment rate to remain above 10% by the end of this year. He noted that efforts to control the COVID-19 virus At this time it has not been successful. Including revealing GDP numbers for 1Q2020 and durable goods orders in May. And at the end of the week, let's wait to see if the Emergency Decree will be renewed or not. “Positive situations, such as Thailand making progress on the COVID-9 vaccine. The first vaccination test in animals has yielded satisfactory results. The second dose will be injected on June 22. and the plan to inject the third dose in July.
If it goes according to plan, it is expected to be tested in humans around October. – This November, Thailand is also the first country along with countries in Africa to receive the COVID-19 vaccine. from China after being able to export vaccines from China which is expected to be around the 3rd quarter of this year, while the situation of COVID-19 infection No new cases in Thailand have been found for 28 consecutive days. It is expected that there will be a gradual unlocking in the next phase to drive business. There is also an opportunity to see Window Dressing done at the end of the second quarter of 2020. At this time, we are all waiting for results from the government's economic stimulus.” In this regard, the research department has evaluated individual stock strategies that are worth keeping an eye on. By Mr. Natthawut Wong Yaowarak Director of Research at Globelex Securities recommends investing in stocks that are expected to be targets of the SSFX fund, such as AOT, CPALL, PTT and ADVANC, as well as stocks included in the calculation of the SET50 index, effective in the second half of 2020. such as BPP and TTW.
It is expected that the interest rate will be maintained at the level of 0.50% in order to evaluate the response from various measures that have been issued in the past period. including the Ministry of Commerce There will be an announcement about export-import figures and the IMF will further reduce its forecast for the world economy from the previous expectation of a contraction of 3%. The United States will release its April house price index. and oil stocks Also on June 25, the United States will reveal the number of weekly jobless claims. The Boston Telegram Number Data Fed president expects the U.S. unemployment rate to remain above 10% by the end of this year. He noted that efforts to control the COVID-19 virus At this time it has not been successful. Including revealing GDP numbers for 1Q2020 and durable goods orders in May. And at the end of the week, let's wait to see if the Emergency Decree will be renewed or not. “Positive situations, such as Thailand making progress on the COVID-9 vaccine. The first vaccination test in animals has yielded satisfactory results. The second dose will be injected on June 22. and the plan to inject the third dose in July.
If it goes according to plan, it is expected to be tested in humans around October. – This November, Thailand is also the first country along with countries in Africa to receive the COVID-19 vaccine. from China after being able to export vaccines from China which is expected to be around the 3rd quarter of this year, while the situation of COVID-19 infection No new cases in Thailand have been found for 28 consecutive days. It is expected that there will be a gradual unlocking in the next phase to drive business. There is also an opportunity to see Window Dressing done at the end of the second quarter of 2020. At this time, we are all waiting for results from the government's economic stimulus.” In this regard, the research department has evaluated individual stock strategies that are worth keeping an eye on. By Mr. Natthawut Wong Yaowarak Director of Research at Globelex Securities recommends investing in stocks that are expected to be targets of the SSFX fund, such as AOT, CPALL, PTT and ADVANC, as well as stocks included in the calculation of the SET50 index, effective in the second half of 2020. such as BPP and TTW.