Thai stocks today 25 Apr. 2024 Analysts at Krungsri Securities Company evaluate SET Swinging 1,350 – 1,370 points despite positive sentiment from the situationMiddle Easteased, however, concerns about the FED’s interest rate direction still put pressure on investment during this period, most recently Bond Yield up to 4.65% in addition The baht depreciateswill be negative to the Fund flow direction, therefore, selectively buy in groups of stocks that have unique positive factors
Today’s investment strategy:
- ITC AAI SAPPE TU HANA KCE DELTA benefits from the weakening baht
- AOT MINT WHA ITC AAI OSP SAPPE DOHOME GLOBAL CPALL TOP SPRC BCP COCOCO expects 1Q24 profit to grow
Important issues today that must be followed
(+/-) The Bank of Thailand sends a government proposal to review the wallet project.Cryptocurrency: BoT evaluates digital wallet project It may affect the long-term fiscal burden. Because it is a project that uses a lot of money This increases the risk that Thailand’s credit rating will be downgraded. At the same time, there is not enough reserve budget in case of an emergency.
(+/-) guess the numbersThai exportMarch expanded for the 8th month in a row: Ministry of Commerce will report the amount Export/Import of Thailand in March Tomorrow, we still have positive expectations, especially that export sales should expand for the 8th month in a row, although it goes against the BB Consensus expectation that it will shrink 4% yoy from February, which expanded 3.6. %yoy because we view the positive results from the weakening baht as likely to benefit Thai exports.
(+/-) Follow the PCE Price Index numbers to look for signs indicating the Fed will lower interest rates: The United States will announce the numbers of the Consumer Expenditure Index (PCE Price Index) for March tomorrow evening. This number will indicate whether the chance of the Fed cutting interest rates this year will happen sooner or later. Consensus expects Headline PCE to move up to 2.6 from 2.5% in February, but Core PCE expects dropped to 2.6 from 2.8% in February.
Proofreading….Suree Silawong
