Thailand’s stock index closed on June 1, 2023 at 1,521.40 points, down 12.14 points, with a trading value of 48,244.01 million baht, foreigners selling net at 3,890.96 million baht.
Top traded shares DELTA closed at 98 baht, less 1 baht, CPALL closed at 63.25 baht, less 0.50 baht, MAKRO closed at 38.25 baht, less 2.25 baht, GULF closed at 47 baht, less 1.75 baht, KBANK closed at 129 baht, less 0.50 baht.
Thai stocks are falling on strong selling pressure and foreign investors who are continuously selling out Although there are no new factors to support the index, internal and external factors.
TISCO Securities looks at Thai politics to remain dark for another 2 months until the vote for the Prime Minister. The most likely possibility now is to vote for Khun Pita as Prime Minister. The index is expected to respond positively in the short term. but it may not go far Our top picks for June are ADVANC, AOT, BDMS, CPALL, CPN and TLI!!
Looking at the results of the MPC meeting, which decided to raise the policy rate by 0.25% to 2% as expected and signaled that it could continue to increase. be considered beneficial to the banking group Although it is expected that the company will be able to maintain a net profit of Bt10 billion, choose BBL as the main choice of the banking sector. From rising interest rates and growing new business, giving a base price target of 173 baht
Additionally, we recommend “buying” TLI stocks, looking at the MPC meeting, which opens up room for future rate hikes, as positive sentiment for life insurance stocks. TLI’s profits are expected to continue to recover +22% this year as economic activity returns to normal levels Claim rate reduction And returns from the investment portfolio are higher and TLI is expected to enter the SET50 Index second half the year. Enter a base target price of 18.3 baht.
Ending STARK stocks that temporarily resumed trading on the first day. (Open for temporary trading for 30 days and stop trading) flowed down to close at 0.18 baht, down 2.20 baht or 92.44% Recently, bondholders called for immediate repayment of principal and interest of 2.24 billion baht, resulting in an immediate default on repayment debt. Cause 3 more series of debentures with a principal debt of 5.63 billion to have the opportunity to default on debt as well Although the broker gives a negative view The executives are still unable to explain the future of the business.
While the SEC is open for a “Bond Information Center” service on the Office’s website to provide news -Information and facilitate investors, starting service on June 1, 2023 after the STARK debenture case occurs !!
Index 51
