Thai stocks rebound strongly, up 21 points, easing concerns about Omikron. Contrary to the Confidence Index, down 19.9%, TISCO Securities expects a short-term hike. Due to high uncertainty factors, pressure “Fateco” indicates that the SET index next year touches 1,800 points, hoping for fund flow to pass through “100 billion”, benefiting from tourism – profits of listed companies grow 12%.
Thai stocks rebound strongly, up 21 points, easing concerns about Omikron. Contrary to the Confidence Index, down 19.9%, TISCO Securities expects a short-term hike. Due to high uncertainty factors, pressure “Fateco” indicates that the SET index next year touches 1,800 points, hoping for fund flow to pass through “100 billion”, benefiting from tourism – profits of listed companies grow 12%.
movementThai stock indexYesterday (7 Dec) rose sharply in the afternoon. The highest increase was 23 .39 points or 1,66.58 points before closing the market at 1,609.28 points, an increase of 21.09 points, trading value 74,927.55 million baht.
Mr. Paiboon Nalinthrangkun Chairman of the Board Federation of Thai Capital Market Organizations or FETCO Revealed that the FETCO Investor Confidence Index survey for the next three months (February 2022) dropped 19.9% to 135.16 from the previous survey at 168.69, but still within the range. hot
However, the factors that caused the confidence index to decline due to concerns about the COVID-19 epidemic situation new species, followed by conflicts between countries and Capital outflows while boosting confidence were expectations of a recovery in the domestic economy, followed by vaccination plans to mitigate the COVID-19 situation and a recovery in the tourism sector.
for indexThai stocksYesterday (7 Dec. 64) that rose to a recovery in line with global stock markets, with some investors beginning to ease concerns about the epidemic.Omikron Because of the fact that many medical and academics indicate that The spread of the Omicron strain of COVID is not a concern. Despite having a faster infection rate than Delta. But there is no mortality rate. which is considered a factor that must be monitored
Mr. Paiboon said that Indexstock marketIn 2022, the SET index is expected to rise to 1,800 points, in line with many analysts’ expectations at 1,750 points, who believe that the market is still in an uptrend. Because next year, “Thailand” still has a selling point. both from the Thai economy to grow higher than its potential GDP is expected to grow at 4% as the Thai economy has grown slower than other countries in the region.
For investments of foreign investors (Fund Flow) In 2022, there is an opportunity to flow past 100 billion baht because it is believed that Thailand still has a point to attract foreign investors from the tourism sector that is expected will recover after a continuous slowdown in the past 2 years
Mr. Apichart Phobunjerdkul senior director Strategic Analysis Division Securities company (Securities) TISCO revealed that Thai stock marketYesterday (7 Dec) was up 21.09 points, driven by investors’ concerns over the COVID-19 situation. Omicron species After foreign countries reported infected people with very few symptoms. In addition, there was also a factor supported by China injecting liquidity into the system. after the reduction in reserve reserve ratio (RRR)
This is seen as a short-term recovery only. and believe that in the second half of the month December, the index is likely to be volatile. under pressure from the development of COVID-19 An omikron species that still needs to be closely monitored. and the US Federal Reserve (Fed) meeting on Dec 14-15, it is expected that the Fed will continue to use more stringent monetary policy.
by investment strategy Introducing stocks that benefit from the weak baht and affected by COVID-19 Omicron Limited Species include Logistics Group JWD and WICE, as well as HANA Electronics Group.
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