Mr. Apichart Phubanjerdkul, Senior Director of CISA Strategic Analysis Division, TISCO Securities, said that the trend of the Thai stock market today is expected to fluctuate within a limited range. While still waiting for clarity on the US presidential election As a result, investors are still hesitating to invest before the US presidential election.

Meanwhile, there is still pressure in the country regarding the selection of the Bank of Thailand (BoT) board chairman, which has been delayed. This is causing some pressure on the Thai stock market. Other stock markets in Asia opened this morning with alternating positive and negative movements.

with resistance 1,465-1,470 points, support 1,450-1,455 points

*Investment consideration issues

• New York Stock Exchange (Nov. 4) The Dow Jones Industrial Average closed at 41,794.60 points, down 257.59 points or -0.61%, the S&P 500 index closed at 5,712.69 points, down 16.11 points or -0.28%, and the Nasdaq index closed at 18,179.98 point, down 59.93 points or -0.33%.
• Asian stock markets are open today. The Nikkei Index of the Japanese stock market opened at 38,274.22 points, an increase of 220.55 points or +0.58%. The index opened at 3,306.81 points.
• Thailand’s stock market most recently (November 4) closed at 1,462.95 points, down 1.22 points (-0.08%), with a trading value of approximately 28,418.43 million baht.
• Foreign investors sold a net amount of 7.61 million baht (4 Nov.)
• WTI crude oil price for delivery in December. (Nov. 4) rose $1.98 or 2.85% to close at $71.47/barrel.
• The Singapore market reference refining margin last closed (Nov. 4) was $6.17/barrel.
• The baht opened at 33.78, likely to fluctuate in the 33.65-33.90 range, pending the results of the US election.
• Revealing the “3 points” of reasons for postponing the selection of BoT board chairman to November 11. “Sathit” explains to the committee that he has asked for more time to consider additional documents, opening the way for “Treasury” nominate a new chairman to replace Kittirat “Pichai” and ready.
• FETCO reveals that the investor confidence index is within the criteria. “Very hot” for the second month in a row Investors are encouraging measures to stimulate the government’s economy. In addition, interest rates are reduced. and tourism recovers as support Worries about inflation – international conflict drags down confidence
• Prime Minister Ink sat on top of the meeting table with heads of government agencies. Accelerating the payment of the investment budget of 960 billion in the financial year 2025, setting the line to reach the target of 80%, hoping to help stimulate the economy The “Finance” side insists that it is not yet has prepared measures to stimulate the economy.
• The meeting of the Selection Committee for the Chairman of the Board of the Bank of Thailand was postponed between yesterday and 11 November 2024 amid the news that the Ministry of Finance would like to change the nomination to “Pongpanu Sawetrun” as for “Sathit Limpongphan”, the selected chairman. Confirms that the treasury can change, while “Pichai” reveals that he does not know the details. Tell the person to be the president. It doesn’t have much power
• “Energy Business Department” fuel consumption situation for 9 months 2024 (January – September) reached 155.37 million liters per day, increasing by 1.2%, showing commercial jet fuel (Jet A1) increasing by 17.3%, expanding the Tourism sector tracker Increased fast diesel fuel at service stations by 2.9% and LPG consumption grew by 3.2%.
• “Pichai” is discussing with “Minister of United Arab Emirates” together with a group of businessmen. Invite investors to establish a Data Center in Thailand, declaring willingness to be a source of food security Accelerate the Also to be considered: of the Thailand-UAE CEPA negotiations as soon as possible. For the benefit of the business sector

* Stocks featured today

• PCL Inter-Royal. Engineering Listed and started trading on mai under the service group Using the abbreviation “IROYAL” in securities trading on November 5, 2024, the IPO price is 6.5 baht per share, representing an offer value of 377 million baht . The value of warrants at the IPO price is 1,495 million baht.
• SHR (Cyrus Finance) target price “Buy” for 2025 at 3.80 baht, expecting 3Q24 operating results to normalize loss reduced to 46 million baht from 81 million baht the previous quarter, supported by Rev Par which grew 15 % yy and 6% qq , while yy lost higher from Outrigger Management Fee and UK hotels and SO / Maldives loss share, but if this item is removed, 3Q24 will start to turn profitable. We expect operating results to turn profitable in 4Q24 – 1Q25, supported by the high tourism season. and interest expenses which will gradually follow the policy interest rate at 21 times and 2025PBV at 0.5 equal
• MEB (Kingsford) IAA Consensus “Buy” target price 38.89 baht continued to be bright YoY, especially in the 4th quarter of 2024, supported by the release of new books for National Book Week in October. MEB itself plans that revenue in 2024 will grow by around +10-15%YoY and in the next period, there are plans to create a new online literature platform in foreign countries. use the local language of that country that is not English Focusing mainly on Asian countries.
• CPALL’s strategic target price (Liberator) 80.00 baht, the trend expected for 3Q24 to grow yy but a qq seasonal decrease CPALL’s SSSG during 3Q24 is expected to continue to grow +2.5%, stronger than the retail group. driven by expanding consumption combined with government economic stimulus measures That is an additional driving force. This will be transferred to the trend in 4Q24 which will accelerate back to qq and yy.

By Jirayut Chansongsakul/Ratchada Kongkhunthian