Globlex Securities assesses Thai stocks to remain narrow Lack of new factors to support As for the situation in Russia and Ukraine, there is no sign of the end. plus concerns about the more smoldering inverted yield curve. Therefore, giving the index movement frame at 1,680-1720 points, and recommending investment strategies in 5 stocks that benefit the BOE, preparing to discuss unlocking the measures to enter the country on 1 June, raising AOT-ERW-CENTEL-MINT-AWC
Ms. Wilasinee Boonmasungsong, Research Director Globlex Securities Company Limited (GBS) assesses the stock market direction as it continues to fluctuate in a narrow range. There is still a lack of new factors to support the market, while the fund flow of foreign investors continues to flow in. and the falling crude oil price is good for the cost of listed companies. Makes the forecast of the movement of the index in the frame of 1680-1720 points.
Meanwhile, the CME Group’s Fed Watch Tool indicates investors are weighing up 73.3% of expecting the Fed to raise interest rates by 0.50% at its May 3-4, 2022 meeting. US agriculture Index added 431,000 in March, below analysts’ forecast of 490,000. China’s March PMI fell to 48.1 from 50.4 in February, with the March PMI shrinking the worst since February 2020.
Morgan Stanley cut its China GDP forecast for 2022, while Citigroup has warned that The Chinese economy is likely to face risks in 2Q22 as the government enacts a Zero-COVID policy to combat the COVID-19 outbreak. In the case of Shenzhen and Shanghai lockdown, the WHO said the newest Omikron subspecies XE is capable of infecting more than BA. 10%
However, factors that still need to be monitored, for example, the Ministry of Commerce announced the price situation of goods and services. Council of Shippers of Thailand (Exporters’ Council) announces the export situation The meeting of the joint committee of 3 private sector institutions (กว.) reported the results of the first quarter of the group of commercial banks in the EU, the Purchasing Managers’ Index (PMI), the final service sector in March, the United States revealed The import, export and trade balance in February, the Purchasing Managers’ Index (PMI), the final services sector in March, and the March manufacturing index, China released the Services Sector Purchasing Managers Index (PMI). March: EU releases February retail sales, US weekly oil inventories The Federal Reserve’s Monetary Policy Committee (FOMC) released the minutes of its meeting (morning of April 7), and China released its foreign exchange reserves for March, the weekly number of unemployment claims. including the protracted situation of peace talks between Russia and Ukraine and concerns about the inverted yield curve reflecting the US economy. that may slow down
Therefore, recommend a strategy to invest in stocks that benefit from Prof. Prepares for a meeting to discuss unlocking all conditions of entry into the country on June 1, including the abolition of ThailandPass, Test&Go, resulting in the tourism sector having the opportunity to become active The stocks benefiting from such positive factors are AOT, ERW, CENTEL, MINT and AWC.
As for the investment direction in gold, Mr. Nattawut Wongyaowarak Director of Research Globlex Securities said that the factor that continues to pressure on gold prices at the moment is still the tension between Russia and Ukraine. which is expected that Russia will freeze its forces close to the city of Kiev thus prolonging the war And the main hostage for Russia is crude oil. That still plays a big role in inflation, as reflected in the high yields on US 10-year bonds. If the Fed does not signal more than the next 0.5% rate hike, war and rising oil prices will support gold.
Research estimates that the protracted Russian-Ukrainian war In addition, the Fed may not be in a hurry to send further negative signals to the market. We have a positive view on gold, forecasting movement in the frame. 1,880-1,960$/oz If the contract does not fall off the support line, gradually buy accumulated.
