Newsletter

Insights into Thai Stock Market and Economy in 2024

East Spring Asset Management expects this year’s SET to be 1,520 points, highlighting excellent tourism stocks. Looking at “Vietnam-India” is interesting.
East Spring Asset Management Co., Ltd. Assessing the target for Thai stocks this year at 1,520 points, recommending stocks based on the benefits of tourism consumption, while GDP is expected to grow 3.5%, still looking at the Vietnamese and Indian stock markets interestingly. As for the bond crisis in Thailand, it is expected that it will only happen in a limited way and will not affect the main market. Ready to launch Eastspring M Choice TH app to support prudent funds, aiming to help increase AUM by an additional 5 billion baht.

GBS expects the SET to range 1,390-1,440 points this week, recommending holding contractor stocks. Benefit from the 2025 financial year budget
GBS assesses that the SET this week is still volatile, with the index within the range of 1,390-1,440 points, despite the hope that the Fed will lower the budget in March as support. But in the country there is still a lack of new factors. Recommend stock strategies that benefit from the 2025 fiscal year spending budget of 3.6 trillion baht, including CK – STEC – CIFIL – UNIQ.

Open a list of 20 high dividend stocks, highlighting the January-April period. It’s a golden moment to pick stocks.
Guru considers January-April every year as a golden time to pick up dividend stocks. Ready to open a list of attractive dividend stocks, “Asia Plus” selects 14 stocks with excellent fundamentals – ESG, while “Krungsri Patanasin” picks up 11 stocks with excellent dividends in the second half of 2023, on the side of “Innovate – TISCO”. – KTB is the best, giving a yield level of 5% or more.

S announces 2024 revenue growth of 20% to reach 18 billion baht, preparing to launch 6 new projects worth 14 billion baht.
S reveals its 2024 plan, targeting revenue growth of 20% to reach 18 billion baht, mainly from the growth of hotel and residential businesses. amid the challenges of the world economy Real estate business division Continuously transitioning Push revenue to grow 50%, aiming to launch 6 new projects worth 14 billion baht

Bangkok Council gives the green light to pay BTSC debt, wages for installing the green train system extension, worth 23 billion baht.
Bangkok Council has given the green light to pay for the installation of the train system for the Green Line 2 Extension project to BTSC, setting the deadline for payment by 4 April 2024, using the accumulated funds to pay off debt freely of more than 50 billion baht to be allocated The total credit limit is more than 23 billion baht to avoid increasing the burden of interest and penalties.

DOD announces that this year’s performance will continue to grow after expecting a profit in 2023, increasing the budget to buy machines to penetrate the dietary supplements market.
The Department of Defense expects performance in 2024 to continue to grow after 2023 has had an opportunity to turn a profit. After the production contract for a large customer increased – Reorganization of the back end system. and recognizing Auswelllife’s income for the full year, specifying an investment budget of 15 million baht this year to purchase machinery to support the production of dietary supplement products.

Wan Asset Management is confident about the timing of investing in technology stocks. Open for sale ONE-GO1 fund
Wan Asset Management assesses that the direction of interest rates is approaching their limit. Good for large growth stocks Especially technology stocks Combined with the current price, it’s an interesting level. Ready to open ONE-GO1 fund for sale, focusing on investing in large growth stocks. Especially the technology sector in stock markets around the world. Close the project when the NAV price level reaches 10.65 baht per unit within 6 months Open for sale 19 – 29 January.

“Euro Creations (EURO)” is preparing to sell 78 million IPO shares after the SEC approved the application form.
“Euro Creations” (EURO) is preparing to sell IPO shares after the SEC approved the offering securities application form. Highlighting expertise in the “Luxury and High Quality” business, taking advantage of the luxury market with high growth potential Aiming to introduce furniture High-end decorative products and fitness equipment imported from abroad with complete services. Ready to show cumulative operating results for the first 9 months of 2023, net profit of 138.6 million baht, a stronger increase of 44.1% compared to the same period of 2022.

OR plans to open ‘Amazon Park’ coffee research center on 600 rai – plans to open EV Hub this year with 10 stations, investment budget of 500 million baht.
OR intends to open a coffee research center ‘America Detail Son Park’ on an area of ​​600 Ra in Lampang Province. Hoping to develop the business from upstream and reduce the import of coffee beans from abroad. Ready to aim to open 10 EV Hub service stations within this year, using an investment budget of more than 50 million baht per location.

SEC moves forward to gain confidence Raise the level of strict control to close loopholes in stock manipulation and enforce the law more quickly.
SEC moves forward to gain confidence Raise the level of strict control to close loopholes in stock handling. Organize an auction trading system to find matching prices immediately, along with adapting the law enforcement process to be faster along with restructuring and reorganizing workforces.

DITTO joins 6 partners to acquire shares in NETBAY, hoping to use technology together to expand business – drive revenue to continuously grow.
DITTO joins 6 partners to acquire shares in NETBAY, moving forward with using technology to expand the business. DITTO hopes to increase revenue by 30% ORI is looking forward to this investment. Helps to improve opportunities to create collaboration in Digido-Digitisation while TEAMG hopes to increase competitive potential. Bring technology partners towards Engineering Technology

STECH expects the prestressed concrete business to surge in 2024. Receive a government budget to push investment projects and launch new proposals for work.
STECH sees 2024 as the demand for precast concrete business increasing. Make sure the mega project moves forward The government injects the budget. Continuously pushing out new projects and stocking up on a backlog of 1,000 million baht, which is expected to be gradually realized this year. And in the process of applying for new work worth more than 1,400 million baht, suggesting that it is time to start operating a steel wire factory in Chonburi province under the name “Siam Steel Wire”. Ready to start creating the New S-Curve in a new business along with managing costs more efficiently.

“Bualuang” sees that the world economy will begin to slow down in 2024 – interest rates are falling. Recommends investing through “4 themed mutual funds”
Bualuang Securities It is expected that the world economy will enter a period of economic slowdown. And the Fed will start reducing interest rates in the first half of 2018, along with suggesting risk diversification through “4 main theme mutual funds”

“Thai Credit Bank (CREDIT)” announces road show throughout January 2023. Prepare to sell IPO shares within this year
Thai Credit Bank Public Company Limited or “CREDIT” has announced that it will proceed with its IPO this year. Preparing roadshows throughout January 2023. Emphasizing being one of the fastest growing banks for small entrepreneurs in Thailand – the loan portfolio has grown strongly, with the portfolio reaching 138,435.1 million baht during the first 9 months of 2023.

Thai stocks plunged 10 points, an index fell 1,400 points after the Fed indicated it may cut the budget less than expected – worried about the Chinese economy.
(January 17, 2024) Thai stocks fell more than 10 points in line with international markets, causing the index to drop 1,400 points after the Fed indicated it may cut interest rates less than expected. amid concerns about China’s economy and unclear digital wallet policy

It hurts but it’s over! Brokers think the withdrawal of TU’s investment in Red Lobster will have a negative impact in the short term – but will push profits this year to grow by 10-22.5%.
5 brokers are of the opinion that “TU” announces the withdrawal of investment in “Red Lobster” although it will lead to a loss in the 4th quarter of 2023, but it will support profits from 2024, increasing by 10-22.5%, along with increasing the price target to 20 baht.

TU withdraws investment in “Red Lobster”, the book declines 18.5 billion baht – arranges a budget of 3.6 billion baht to buy back 200 million shares.
TU announces the withdrawal of investment in “Red Lobster” according to the company’s new strategic plan. Recorded as a one-time non-cash impairment item of 18,500 million baht in Q4/23, together with the opening of a project to buy back shares not exceeding 3,600 million baht or not exceeding 200 million shares during 20 February – 30 June.

SEC reveals focus on upgrading digital asset business operators – supporting private sector to issue ICOs in the Green Project Group, Softpower
The SEC Office is moving forward with plans to upgrade digital asset business operators to more standards. including maintaining a minimum capital fund , Basic rules of coin listing Ready to pin! Push fundraising through Investment Token, especially for Green Project and Soft Power groups.

‘J Ventures’ aim in 2024 is to expand the user base of the JFIN Chain to reach 1.4 million users.
‘J Ventures’ aims to expand the JFIN Chain user base to 1.4 million from the original 1.1 million in 2024, hoping to advance blockchain technology to drive Thai business. Ready to match and trade Bitcoin on the table. Coinstore.com

BoT moves to tackle household debt Oversee banks by using strict credit criteria – advising debtors to borrow as much as they need.
BoT moves forward to resolve household debt Notes that this year we will continue to audit banks that grant loans in accordance with strict Responsible Lending criteria and make recommendations to debtors. Only have as much debt as you need – be able to repay the money, understand the terms of the loan.

“Rudklao” reveals that he is continuously monitoring the fuel situation. States that the government has a plan to support crude oil reserves.
“Rudklao” explains that the Ministry of Energy continuously monitors the fuel situation. Emphasizing that the government has a plan to support crude oil reserves appropriately and in accordance with the current situation.

FTI opens 22 industries, expanding well this year Receive tourism recovery – FTA – baht remains stable and costs fall.
FTI assessed trends in 46 industrial groups, found that 22 industries had expanded well this year, highlighting air conditioners – cosmetics – medical equipment – renewable energy – food and beverages. Growing at top 6-10% after benefiting from recovery in tourism – FTA – stable baht – lower costs

FTI reveals industrial index plunges Household debt worries – Red Sea problems affect exports – wages soar
FTI reveals that the December 2023 industrial confidence index fell from 90.9 to 88.8 due to the long New Year holidays – household debt rising – Red Sea problems affecting exports The index fell, 3 months in advance. He’s on 96.2, worried about a pay rise – geopolitical problems.

The National Anti-Corruption Commission (NACC) is completing the first round of study of digital finance projects, finding high risks, facilitating corruption and creating unnecessary debt.
NACC has completed the first round of digital currency analysis study. Found many risks The possibility of policy corruption – the risk of creating unnecessary debt. After seeing no signs of Thailand’s economic crisis and legal risks accordingly Fiscal Discipline Act if you borrow money unnecessarily Emphasize that you are ready to study more information. before presenting it to the government for consideration at the next opportunity

Source: E-Finance Thai News Agency

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