Globlex selects 6 top stocks due to weak baht
Date 27 Apr 2022 time 06:39
Globlex Securities (GBS) recommends investment strategies for stocks that benefit from a weak baht TU- CFRESH -ASIAN -DELTA -KCE -SMT, worth investing in
Ms. Wilasinee Boonmasungsong, Research Director Globlex Securities Company Limited or GBS assesses the stock market direction that there is an opportunity to adjust according to the international market direction. by investors worried that The economy will be hurt by the Fed’s urging to raise interest rates, with S&P Global showing that the PMI combines the US manufacturing and primary services sectors. It dropped to 55.1 in April, a three-month low from 57.7 in March, as the protracted Russo-Ukraine war put pressure on energy costs. Expect the index to move in the frame of 1,650-1,700 points.
Factors that still need to be monitored include the Bank of Thailand’s (BOT) economic report and the Monetary Policy Committee (MPC) Meeting No. 3/2022 in May. Both the international situation, such as the US reported durable goods orders in March. February house prices from S&P/Case-Shiller New home sales in March April consumer confidence April production index US pending home sales for March, weekly oil stocks Weekly unemployment claims, US GDP figures 1Q22 (preliminary estimate)
Therefore, recommend a strategy to invest in stocks that benefit from a weak baht, such as TU, CFRESH, ASIAN, DELTA, KCE and SMT. As for investment directions in gold, Mr. Nuttawut Wongyaowarak Director of Research at Globlex Securities said the trend of gold prices this week must keep an eye on the announcement of the US GDP figures for 1Q65 that will slow down or not. It also announced Core PCE personal inflation numbers, which are expected to continue rising in line with the overall US inflation outlook. may result in bond yields to remain stable at a high level
However, the research estimates that US inflation may have passed its peak. This is because the April 65 average WTI crude oil price is $100 a barrel. This is lower than March 65, where crude oil prices have remained stable above $110 per barrel for more than two weeks, and most recently, on Monday, April 25, 65, WTI oil prices fell below $100 per barrel. Meanwhile, the Federal Reserve (Fed) is likely to adopt a tighter monetary policy, meaning the Fed may raise the policy interest rate by 0.5% and reduce the balance sheet size. It is a factor that depresses gold prices in the next period. The view predicts that the gold price has moved within the range. 1,900-1,975$/oz does not pass resistance to sell and take profit contracted down, did not fall off the support line to gradually accumulate
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