Kasikorn Securities Estimates that the meeting Fed In the middle of next week, it is unlikely to change from what the market had expected.arouse interest 0.50%, while there are few opportunities for an interest increase of 0.75%.
In terms of domestic factors, there are still positive signs.Thai economy The research department maintains a positive view on the market.Thai Stocks Consider if the index shrinking down around 1,605 points is a rhythm gradually building up from the major resistance of SET index For the rest of the year, it is 1,666 and 1,700 in the best case.
Short term : recommend speculation
1.) Animal feed export groups as new shares of ITC, one of the world’s largest animal feed producers.
2.) China-affiliated groups such as PSL, EKH, SCGP, AOT, AAV of the Chinese trend are moving forward to open up the country. And close contacts from 7 days to 5 days and Shanghai announced the cancellation of the rule requiring people to show negative COVID test results before entering restaurants
3.) Commodity Counter Group following crude oil price direction, Brent has fallen to a new low in the past year, which is a positive factor for retail oil groups such as PTG, OR Stocks recommended for short term delay mainly investment, energy and refineries.
Medium term : It is recommended to accumulate and run profits
1.) Growth stock group, recommend JMT, KLINIQ
2.) Defensive stocks with good fundamentals, limited downside, recommend BEM, BAM.
3.) The industrial estate group benefits from the relocation of AMATA’s production base.
4.) SHR hotel group, MINT
Long Term: We have a positive view on 4 sectors that expect growth in 2023:
1.) Cure like KLINIQ
2.) Animal feed like AAI, ITC
3.) Tech Consulting like BE8, BBIK
4.) Power Plant
5.) Stocks with high dividends, recommended to gradually accumulate in December and sell at the end of 1Q23. According to the statistics, the SETHD Index gives an average return of 7.0% compared to the SET Index’s 4.25% in the first quarter of the last 7 years come
recommend stocks Paying a dividend of over 4% and a stock with over 10% alongside our TP. Highest dividend stocks: AP, KTB, QH, ORI, THANI, KKP, LH, BBL, EGCO, RATCH.
Top choice
– ICT (base price 40.8 baht)
KS initially issued an analysis of ITC, one of the world’s largest feed producers, with a BUY recommendation as it embarks on a growth phase of capacity expansion.
2022-24 gains are expected to come from 1.) capacity expansion, 2.) pet food industry growth, 3.) market leadership position, and 4.) strong financial position.
We expect normalized profit to grow at a 3-year (2021-24) CAGR of 34%. Our 4Q22 net profit forecast will grow YoY.
– WELL (base price 10.84 baht)
Considered as defensive stocks during market volatility. The factor supporting the share price stems from the direction of business growth, such as the recovery of higher expressway and MRT traffic. BEM expressway traffic in 2023 is estimated at 1.15 million trips per day, or 93% of the pre-cow level. -19 and 369,000 trips/day in the MRT, which represents 109% of the pre-COVID-19 level.
as well as benefiting from the increase in MRT fares and the start of the double decker expressway project in 2023
– BGRIM (base price 61.25 baht)
Pool gas price tends to swing down. and the appreciating baht Recently, the baht has come close to touching 35.0 baht again, with the baht appreciating every 1 baht / dollar, it is expected to add a positive side to BGRIM’s net profit forecast 2023 by 9.9%.
And if the Ft is raised, it will be positive for BGRIM as the current rate still does not reflect Gas prices, which will make BGRIM’s earnings recover faster.
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