Brokers selected 14 target stocks, likely to be window dressing at the end of 3Q22, looking at the bank group, the most excited after having factors supporting both interest rates. And the price has been adjusted down a lot.
“Thai E-finance News Agency” has compiled information from analysts who recommend stocks that are likely to be targets for window-dressing, which assessed from the environment and have the potential to occur. During the last week of Sept. or at the end of the 3rd quarter of 2022
Mr. Kitphon Praipaisalkit, Assistant Managing Director UOB Kay Hian Securities (Thailand) Public Company Limited revealed to “Thai Efinance News Agency” that from the stock assessment, there are 2 groups that have the opportunity to do window dressing, consisting of large stocks such as cement companies. Thai Public Company Limited or SCC , Indorama Ventures Public Company Limited or IVL , Minor International Public Company Limited or MINT , CP ALL Public Company Limited or CPALL , Caraba Company Va Group Public Company Limited or CBG , Advance Info Service Public Company Limited or ADVANC and Sri Trang Gloves (Thailand) Public Company Limited or STGT
While the medium-sized stocks consist of Major Cineplex Group Public Company Limited or MAJOR, Stark Corporation Public Company Limited or STARK, Sino-Thai Company Limited. Engineering and Construction Public Company Limited or STEC and asset management company Bangkok Commercial Public Company Limited (BAM)
Mr. Narongdej Chantarapaisarn Assistant Director of Securities Analysis Department AIRA Securities Public Company Limited revealed to “Thai E-finance News Agency” that the stocks found to have a chance to be a target for window dressing this time, only the banking group had the most opportunity. which in the past encountered a strong sell-off especially foreign investors who have previously reduced their portfolios.
In addition, on Wednesday, Sept. 28, there will be a meeting of the Monetary Policy Committee (MPC), where the market expects banks to raise interest rates this time. After previously, the banking group did not raise interest rates according to the MPC. In the past meeting
The interesting bank stocks include Bangkok Bank Public Company Limited (BBL), Kasikorn Bank Public Company Limited (KBANK) and Siam Commercial Bank Public Company Limited (SCB).