Broke expects “Thai stocks” these days, to the facet 1,630

Krungsri Securities expects Thai shares now (August 19, 65) to swing 1,630 – 1,645 points, inspite of the ongoing flow of overseas forex influx, getting a net of 41 billion baht this thirty day period and robust getting electric power. The individual will assistance the index. But continue to anxious that the Fed has raised curiosity premiums to manage inflation force on the industry Information to purchase person stocks

Krungsri Securities Business expects the developmentThai stock index Nowadays (August 19, 65) swings 1,630 – 1,645 points althoughFund StreamContinued international inflows (Net Obtaining 41 billion baht MTD.) as perfectly as shopping for pressure on stocks with distinctive favourable variables will travel the index.

Nonetheless, the Fed worries about raising fascination costs to curb inflation. Additionally, complex overbought will set stress on market problems during this interval. Consequently, it is a good idea to buy particular person shares. By concentrating on ready for a shopping for moment in the weakening section.

Modern Matters

  • (+) 2Q22 earnings of outlined companies amplified by 34.2% qoq and 15.5% yoy: combining the revenue of outlined businesses in 2Q22, the full internet earnings was 345 billion baht, an increase of 34.2% qoq and 15.5% yoy, and when including 1H22, financial gain was .Up 8.57%yo, based on a collection of 150 businesses BB’s earnings forecast evaluation confirmed, 43% of companies outperformed sector anticipations by 5%, 27% down below anticipations, and 30% attain. count on (in line)
  • (+) Oil Sector – WTI Crude Oil Recovered Earlier mentioned 90$/bbl: WTI Crude Oil increased 2.39$ (+2.7%) to near 90.50$/bbl Market reacting to lessen crude inventories. Arrived at as many as 7.1 million barrels last week, more than the envisioned 1.7 million barrel fall, and markets consider that European sanctions on Russian crude imports will thrust oil charges back again better in the winter from restricted materials and it’ r demand improves
  • (+) Up coming 7 days, continue to be tuned for the Federal Reserve’s annual meeting: The once-a-year assembly will be held in Jackson hole, Wyoming, with other central lender officials. participate in this assembly as nicely. The primary focus of traders is waiting around to see Fed Chairman Jerome Powell’s speech on how he will use tools or financial coverage to curb inflation and protect against recession.

Financial commitment Approach: Selective Buying

  • PTTEP Prime IVL SPRC BANPU Crude oil price ranges get better + significant degree coal
  • KBANK BBL SCB KTB TTB benefit from higher curiosity fees
  • BEM BTS INTUCH ADVANC DTAC BDMS BH Defensive shares for the duration of unstable market place

Advised stocks right now

  • BANPU (Acquire Focus on 13.9 Shut / Bt20) We revised our focus on cost from Bt17 to Bt20 on continued powerful earnings in the next half and up coming yr because of to increased coal volumes and costs. Sentiment and coal prices amplified by 21$/tonne (+5%) to 435$/tonne currently.
  • TTB (Near 1.22 Purchase / Concentrate on 1.60 baht) Share value Underperform YTD negative 17%, when the business enterprise overview gains from mounting fascination fees and TTB is envisioned to be a financial institution with net profit progress of 20% in the 12 months. is the ideal of the compact to medium sized banks.

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