Investors still worry that the Fed will speed up interest rates. And investors are still following the FOMC meeting on 14-15 June, resulting in the SET Index closed at 1,603.03 points +2.97 points +0.19%, trading value 63,139 million baht, foreign +97.49 million baht. TFEX – 16,820 contracts, debt instruments -1,075.55 million baht.
positive factor
+ China revealed that foreign direct investment (FDI) in the first five months of this year rose 17.3% YoY to 5642 billion yuan.
The US Producer Price Index (PPI), a measure of inflation based on producer spending, rose 0.8%MoM in May, in line with analysts’ expectations. after rising 0.4% in April
+ EIC revised its GDP forecast for Thailand in 20 to 2.9% from 2.7% in line with the recovery of tourism and the service sector. through opening the country to tourists and easing border measures in many countries around the world It is estimated that this year there will be a total of 7.4 million foreign tourists entering Thailand from 5.7 million.
+The Cabinet meeting approved the project to drive economic and social foundations after COVID with the economy of BCG (U2T for BCG and Regional Development), with a total budget of 3,566.28 million baht, the project of intercity highways. (Motorway) No. 7, U-Tapao Airport Extension, total amount 4,508 million baht, total distance 1.92 km.
+/- The Prof. reports the situation of the epidemic of the Covid-19 virus. in the country today Found 2,263 new cases, 4,236 ATK, 18 deaths, 2,109 recoveries.
negative factors
– The Dow Jones Industrial Average closed down 151.91 points -0.50%. We are worried that the US economy may enter a recession if Fed raises interest rates to curb inflation ET is keeping an eye on the outcome of the Fed’s monetary policy meeting to be announced today in US time. or in the early morning of tomorrow in Thai time
– WTI crude futures fell $2 +1.65% to close at $118.93/barrel. Fears that a stronger interest rate hike could hurt economic activity and oil demand.
– The CME Group’s FedWatch Tool indicates that investors are now giving 100 percent of the weight that the Fed will raise interest rates by 0.75% at this round of meetings. This will be the most intense interest rate hike since 1994 to stave off a spike in inflation.
– Chief Executive Officer of Morgan Stanley warns there is a 50% chance the US economy will enter a recession. Even if the situation is unlikely to be severe and warned that investors are facing difficult times.
– WHO to hold an emergency meeting next week to determine whether the smallpox epidemic is an international public health emergency
market trend today
Expect the index today to fluctuate intraday volatility. Investors will be keeping an eye on the outcome of the Fed’s monetary policy meeting, which will be announced today in US time. Investors are now giving 100% weight to the Fed to raise interest rates by 0.75%. The index is expected to move in the range of 1580-1610 points today.
investment strategy
• FTSE announces stocks in/out, effective June 17 FTSE All World Index : In – Out – , Micro Cap Index In BRI CIVIL HENG KTBSTMR PEACE SVT TKC TFM WFX Out –
• PDPA km in effect : HUMAN SECURE ITEL IIG INSET
• Unlock cannabis starting 9 June : GUNKUL KWM RS BC IP DOD RBF JP
• FTSE SET Index announces stocks in/out effective Jun 20 FTSE SET Large Cap Index : In JTS out BTS , FTSE SET Mid Cap Index In AAV BYD BTS FORTH NEX SABUY ONEE Out IMPACT JTS
• The MPC has a chance to raise interest rates in the second half of the year KBANK SCB BBL KTB TISCO
special report stock
ARRIVE – Teeka Construction Company Limited
Set/Contractor (IPO 4.60 baht)
•TEKA operates as an outstanding contractor in large-scale building projects. Especially the condo project group, including mixed-use, hotels, shopping centers. and various large high-rise buildings from customers who are leading developers in Thailand
• In terms of operating results of TEKA, the past 3 years (2019-2021) has a net profit of 104.43 million baht, 87.17 million baht and 126.02 million baht, and revenues of 2,435.15 million baht, 2,474.56 million baht and 1,605.04 million baht, respectively. In the first quarter of 2022, the company’s total revenue was 600.45 million baht, an increase of 36.3% from the same period last year. which has total revenue of 440.64 million baht and the company has a net profit of 53.61 million baht, an increase of 32.7% from the same period last year. Which has a net profit of 40.41 million baht. In the first quarter of 2022, the company’s gross profit margin of 16.7% and net profit margin of 8.9% is considered a high profitability compared to the industry. and confident this year Backlog pending delivery as planned will support the company’s growth goals to be as laid out
• As for the outlook for 2022 earnings, the company has set a revenue target of 2,400-2,500 million baht, which is the same income as before the Covid-19 epidemic situation. and growing from the previous year which made about 1,600 million baht as a result of the gradual recognition of revenue from backlog to be delivered this year around 1,770 million baht. Coming in the first quarter of 2022, about 481 million baht, including many new projects that are preparing to bid for the rest of the year.
• By initial public offering (IPO) of 75 million shares at a price of 4.60 baht per share, equivalent to a P/E of 9.91 times, with a par value of 1.00 baht per share. To support the growth plan and to support the construction that will increase in the future both the number of customers and higher project value It is also used to procure, repair and improve the efficiency of various construction machinery and equipment.
stocks have news
(0) TOP (Bloomberg consensus 67.00 baht) Announcement to postpone the right to increase capital from June 16, explain why the market is not conducive Energy guru supports waiting for good market Points to have the right to postpone another 1-2 months, causing investors to feel relieved But only 10% confirmation Dilute, the price is already recognized highlight outstanding works From higher refining costs in Q2, profits jump 28 billion baht. Confident that the government will use the same method without adjusting the refining formula. but not asking for support
(+) STI (Bloomberg consensus – baht) Enhance investment, move into the SET trading today (15 June 65) to call customer confidence – investors to take more shares and penetrate new customer base Expected in the second half of 2022, sweeping jobs into the portfolio, adding 800 million baht to support backlog New High Pushing income for the whole year to exceed 2,000 million baht, prepare 40 million baht for M&A deals to strengthen the army (Source, catch up)
(+) ASIAN (Bloomberg consensus 21.4 baht) Benefit from the depreciation of the baht Continue to manage raw material costs to support margin Raise the pet food business to make money Aims for exports of more than 5.6 billion baht after global demand soars Ready to upgrade production Support orders for the second half of the year, revealing that “AAI” can enter the market at the end of October this year. Reiterating the target of revenue growth of 19%, reaching 11.12 billion baht (source in time for the stock)
(+) EVEN (Bloomberg consensus 12.50 baht) AUCT joins forces with JAM to auction 97 houses worth more than 300 million baht via “AUCTbid” 24 hours, fully penetrate the online base. Hoping to upgrade the user base from the current 1,000 users, sending business in the second half of the year better than the first half Found demand for using cars to rise Invest in foreign used car trading platforms (Source, catch up with shares)
