#TU #Catch up on stocks
– Monday Follow the report on the European Consumer Confidence Index for April. The market is expected to come out at -14.70 from -14.90 last month.
Tuesday:Follow the release of the China Manufacturing Purchasing Managers’ Index in April. From China’s National Bureau of Statistics The market expected it to be 50.30 points from 50.80 points the previous month, along with following the US Consumer Confidence Index from the Consumer Board The market expected it to come out at 104.1 from 104.7 the previous month .
Wednesday: Follow the report on the Manufacturing Purchasing Managers’ Index in April. of the United States (ISM mfg. PMI), and the market is expected to drop to 50.10 points from 50.30 points the previous month, although the market believes that the index will decline. However, if the number is still above 50 points, it reflects that the manufacturing sector is still expanding. Followed by the results of the Fed meeting. The market expects that the FOMC will decide to maintain the policy interest rate at the original range of 5.25 – 5.50%, following signals from Fed officials in the previous period.
Thursday :Follow the number of product orders from US factories in March, with the market expecting it to be 1.60% MoM from 1.40% MoM the previous month.
Friday: Follow reports on US labor market numbers. April The market expects the unemployment rate to be similar to the previous month’s 3.80%, while the market expects the number of non-agricultural employment to come out at 250,000, down from 303,000 the previous month.
Thai stock market trend: KS We estimate that the Thai stock market this week will move in the range of 1,340-1,380 points. expanding only FedWatch Tool sees the Fed cutting interest rates this year to 1. times in September For domestic factors, it is during earnings report period. And the market has already absorbed the issue of Digital Wallet which will start in the 4th quarter The Thai stock market is likely to swing sideways. It is a way to change groups and stocks to speculate on the budget of listed companies. As for analysts, profit estimates for companies listed on the Thai stock market in 2024 fell to 92.74 (-0.34% WoW).
It is estimated that the Thai stock market this week will move within a range of 1,340 – 1,380 points already aware of the Digital Wallet project and are expected to change groups with speculative stocks Analysts adjust the stock market returns lower at 92.74.
PTTEP : Base price of 185 baht
1Q24 net profit of 18.7 billion baht was reported, in line with our estimate. Expect 2Q24 profits to improve from oil prices. higher sales volume and lower tax rates Adjusted profit forecast for 2024-25 of 11% and 1% from adjusting Dubai crude oil price assumption to 85 dollars per barrel. and the assumption of a weakening baht against the US dollar, maintaining a “buy” recommendation and increasing TP to 185 baht based on strong profit and dividend forecasts 2024, has reduced the risk of tightening sanctions on the Myanmar government It may be an important supporting factor.
TU: Base price 15.90 baht
benefiting from the weak baht 1Q24 normal profit is expected to be 854 million baht, up 7.2% YoY but down 25.3% QoQ, accounting for 15.8% of our 2024 normal profit estimate of 5.5 billion baht, up from 16.3% YoY performance It is likely to recover from 2Q24 onwards from lower tuna costs and increased export demand. While demand for frozen seafood is likely to be weak YoY, it is expected to improve in the second half of 2024.
#hole #speculative #buy #target #price #baht
