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Maybank Securities (Thailand) sees Thai stocks swinging 1,610-1640 points, keeping an eye on US mid-term election results

GuaranteesMaybank (Thailand) predict Thai stock marketNext week (7-11 November) will move in a frame of 1610-1640 points, supported by the recovery of the domestic economy. and capital inflows There is also pressure due to the tightening of monetary policy. including having to wait to follow the US mid-year elections

Best Choices

JMART (Target price 75.00) It is expected that the outlook for the performance of the year at 65 will continue to grow strongly. from the support of all subsidiaries which have continued to develop excellently

AH (Target price 35.00) 3Q22 profit of 445 million baht (+9% QoQ, +90%YoY) reached a new high. with better sales of the Pick-up truck industry which is growing well and getting new orders. Gross margin expected to improve to 10.2% yoy 9.3%, currently trading at just 7.9x PE and expected dividend of 4.4%.

BBIK (Target price 140.00) Earnings in 3Q22 will continue to reach new highs. And the next year can grow from strength to strength. Combining opportunities to expand more M&A in the next period.