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Thai stocks next week Keep an eye on the 4Q21 earnings of Thai companies – Foreign investments

Kasikorn Securities looks at the Thai stock index next week, moving 1,650 -1,700 points, keeping an eye on the Covid-19 situation. Investment direction of foreign investors and the 4Q21 performance of Thai companies, especially the banking group

Today (15 Jan. 65) Kasikorn Securities summarized the overall picture of the movement of the Thai stock market that during the past week, Thai stocks rose. But support began to be limited at the end of the week, with the SET index closing at 1,672.63, up 0.91% from the previous week. The average daily trading value was 84,041.18 million baht, down 13.52% from the previous week, while the mai index rose 7.99% to close at 682.26 points.

Thai stocks rallied in line with foreign investors’ net buy positions throughout the week, led by technology stocks, energy sectors (backed by oil prices), and banking and finance ahead of the 4Q21 earnings announcement.

In addition, Thai and international stock markets were also supported by the Fed chairman’s statement. which reflects that The Fed will raise interest rates cautiously so as not to have an impact on the US economy. However, the uptrend in Thai stocks began to be limited at the end of the week. As investors return to worry about the chance of the Fed’s interest rate hike in March.

For the next week (17-21 Jan. 65), Kasikorn Securities Company Limited views that the Thai stock index has support at 1,660 and 1,650 points, while resistance is at 1,685 and 1,700 points, respectively. Important things to follow include the situation of COVID-19. Investment direction of foreign investors and the 4Q21 performance of Thai companies, especially the banking group

The important US economic data is home building data and second-hand home sales in December. 64 as well as the number of weekly welfare applicants while other foreign factors include the BOJ meeting, the consumer price index in December. 64 Japan and the Eurozone as well as the 4Q21 GDP figures and the December economic data. 64 of China, such as investment in fixed assets

Source: Kasikorn Securities

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