The reporter “E-finance Thai News Agency” reported that most analysts assessed the Thai stock market in February 2023, still optimistic. After interest rates around the world began to slow down. In the country, receiving positive factors from China open the country. Supporting tourism, busy, looking at the range of 1,630 – 1,730 points
*** Phatthanasin Nomura Securities considers Thai stocks in February to be positive. restore the tourism sector
Mr. Kornphat Worachet Director of Research and Investment Services Capital Nomura Securities Public Company Limited revealed that the trend of the Thai stock market during February 2023 is expected to respond positively to the index. This is due to the support from the monetary policy of the United States Federal Reserve (Fed) which has begun to stabilize at the level expected by the market. In addition, the gradual publication of financial statements of listed companies (listed companies) is likely to come out positively.
In addition, the number of foreign tourists has continued to increase. Initially, the expectation was that the year would have passed the lowest point of the year in January and it could lead analysts to revise their outlook for stocks that benefit from the tourism sector.
while the movement of the Thai stock index in February The support level is estimated at 1,650-1,668 points and the resistance level is 1,700-1,720 points.
Regarding the investment strategy Investors are advised to hold around 70% of the portfolio and focus on buying when the market declines. There are 7 companies namely GULF, CRC, AAV, BE8, SCGP, SAPPE and AP.
*** Trinity Securities sees maximum resistance at 1,730 points.
Mr. Nuttachat Makmasin, Assistant Managing Director The Securities Analysis Department of Trinity Securities Co, Ltd revealed that the investment direction in February is that the Thai stock market is expected to swing within a range of 1,630-1,730 points, with the general investment atmosphere around the world likely to move in line with the direction of the dollar
by during the month The important economic numbers of the United States must be followed. Employment numbers and inflation reports This will affect future Fed interest expectations. At the moment, most investors are still looking at the final Fed rate at 4.75-5.00% or implying an interest rate increase in this round and March only around 0.25%.
In terms of strategy, set this month’s support at the level of 1,630 points, and the resistance for profit taking is provided in 2 lines: 1,700 and 1,730 points. If the index reaches 1,700 points, use the area to reduce’ r investment weight of half. . And holding hope for the rest to take profit at 1,730 points
Interesting stocks this month include: 1. DTAC, recommend BUY on the theme of merging with TRUTH and keep converting to new stocks. will enable the new company to have synergies which will occur as a wider customer base, cost reduction and co-operation using shared networks
2. Stocks in the Property Group: SPALI, WHA 3. Stocks that usually have a history of success in February every year are good and Valuation is at an interesting level, such as AMATA, GLOBAL, INTUCH, JMT.
4. Stocks in the services sector benefiting from increased mobility And the price is in a resting period, including M, VRANDA 5. Shares in the power equipment group whose price has been adjusted to accept the weak 4Q22 performance . and profits tend to bottom out from now on, including GPSC
*** TISCO Securities highlighted the statistics for February, stocks with good returns.
Apichat Phobanjerdkul Mr. senior director Strategic Analysis Division, TISCO Securities Co, Ltd said that the trend of the Thai stock market in February is considered to remain good And there is still an opportunity to break through 1,700 points. For stocks in February, the support is estimated at 1,660-1,670 points, and the resistance is at 1,700 points. The next step looks at 1,720 points.
with the support of the election and buying pressure from the performance of listed companies (listed companies) including dividend yields. which, looking at the retrospective statistics, will find that Stocks in February tend to be stocks that produce well. Market content tends to adapt as well
The factor that still needs to be monitored is Thailand’s economic numbers. Especially the image of the export is important. still have to follow When announcing the rate of economic growth (GDP) this month, it is seen that there is a chance to decrease. But it may not affect the market much. But it will limit the length of the market position.
For investment strategies, there are still stocks with good performance and good dividends, such as AP, BBL, PRM, MAKRO, GLOBAL, etc.
*** Phillip Securities looks at bright stocks for elections
Ms Teerada Chanyingyong, Director of Securities Analysis Department, Phillip Securities (Thailand), revealed to “E-Finance Thai News Agency” that the overview of the Thai stock market in February. There is an opportunity to improve well in response to the expectation that the economy will improve. Both are involved in opening up China, supporting tourism which is an important source of income in the country. Including the elections in the country, the market is more hopeful that it will happen this year.
Interesting stocks are still recommended based on the city opening, including CENTEL, CPALL, BA, which will help boost the consumption sector Recommend SIRI, ILM, electric train theme AH, HANA, and PTTGC petrochemical, because it is seen that the price has passed the lowest point. Assess the moving frame for 1,700 resistance points and 1,720 points, and 1,660 support points.
*** UOB Securities Kay Hian expects the Q4/2022 budget to put pressure on the short term
Mr. Kijpol Praipaisalkit, Director of Analysis and Strategist, UOB Kay Hian Securities (Thailand), revealed to “E-Finance Thai News Agency” that the stock movement was in February. The Thai stock market still has a chance to be volatile. from the earnings announcement which stocks in some groups may not be well announced Of stocks affected by China’s lockdown
However, the downside volatility is still limited. Due to the economic trend in the next 1 year there is a better direction. Based on the report of the International Monetary Fund. (IMF) Jan. There are many positive signs, for example, looking at the economy in 2023, looking at the world economy as low as 2023 before starting to recover in 2024, as well as revising the global economic forecast this year to 2.9% from the previous forecast of 2.7%, including an overview of the European economy that the recession is not as deep as expected the US economy is slowing down but not a recession and in the case of China opening the country earlier than expected, etc. by evaluating the movement of the index at 1,670 points, resistance 1,700 to 1,720 points
“The IMF report limits the downside to the market. Although some performances are not good or not as expected But in general, there are no new negative signs The United States has already entered the last month of raising interest rates. it should make the market more confident and the financial situation more relaxed Therefore, the timing of the market decline is not very deep,” said Mr Kitpol.
In which stocks are recommended to invest also to look at groups that continue to benefit from the opening of the city. which direct tourism stocks could already receive positive factors and speculation Therefore, we recommend stocks that benefit from the opening of the city in the next group, such as retail, MAKRO, CPALL, BJC, MAWR, VRANDA, SPA, S, recommend petrochemicals after the performance in the 4th quarter slowed down from the impact of the city closing China This year, it is expected that the performance will recover according to the situation in China opening the city, recommending PTTGC, including finance groups. Because customers have the opportunity to pay more debt according to the economic recovery, SAWAD , MTC , TIDLOR and AMANAH