The brokerage expects the SET today to swing within the range of 1625-1,638, expecting the technology sector to outperform, while the banking sector is expected to gradually climb in line with the recovering economic outlook. A speculative investment strategy in stocks with strong Q3/64 budget with unique positive factors – focusing on value stocks and reopening play
Finansia Syrus Securities (SEC) expects the SET Index to continue swinging sideways within a frame of 1625-1,638 points, with the technology sector expected to outperform in line with the movements of international stock markets. However, those segments do not account for the majority of the SET Index.
While the energy sector is expected to remain stable after crude oil prices have remained stable. The banking sector is expected to gradually climb in line with the economic recovery trend. Meanwhile, the overall earnings of listed companies as announced in 3/64 are quite sparse. The group that was clearly stronger than expected, only the medical and shipping group that came out clearly better than expected. by having to look beyond the recovery in 4/64 onwards after returning to open the city and open the country
In the short term, we still focus on speculating on stocks with unique positive factors and strong earnings prospects. As for the cadence of the index weakening to a test of 1,600+- points, it is viewed as a gradual cumulative opportunity for the Value and Reopening Play segments, especially those that are still Laggard SET Index compared to the pre-COVID-19 period, such as banking, retail, food, and real estate. travel contractors
On the strategy side, we recommend speculating on stocks with strong expectations for the 3rd quarter budget and have unique positive factors. Also invests in Value stocks and Reopening Play.
Aira Securities sees that the Thai stock market today is expected to Sideways, looking at support at 1620-1625 points while resistance at 1,635-1640 points. Including the direction of risky asset prices, they still face concerns about the tendency of the Federal Reserve’s (FED) interest rate hike that may be faster than the market expected. After US economic data signaled inflation is likely to continue to accelerate, in line with the Dollar Index accelerating to make new highs in the latest short-term at 95.14 points, reflecting the market’s view. It is expected to be a pressure factor – limiting the upside of risky asset prices in the region in the short term.
The domestic factors The market continues to pay attention to the 3Q21 earnings release, while still optimistic about the Bank of Thailand (BOT) easing dividend payment measures of commercial banks. By allowing the return to pay annual dividends again at a rate of not more than 50% of net profit in 2021 after a stress test during the year 2021-23 found that commercial banks are strong enough to cope with this situation. This reflects the view of the Bank of Thailand from the Monetary Policy Committee (MPC) meeting that the Thai economy has bottomed out in 3Q21, as well as the strength of Thai commercial banks’ reserves. It is expected to be a positive factor to support stocks in the banking sector to continue rising.
While the MSCI quarterly review results were announced last night. No Thai stocks enter and exit MSCI Global Standard, while BEC, TIPH and TIDLOR enter MSCI Global Small Cap by removing TKN. Short-term speculation is expected on these 3 stocks before the effective date of Nov. 30. . this
The SET announces guidelines for improving the criteria for calculating the SET50 and SET100 indexes by taking the Cash Balance criteria into consideration. but still does not solve the criteria for low free float stocks in consideration expected to support the direction of large stocks to continue rising
* US stock market
– Dow Jones Index : New York Stock Exchange The market closed at 35,921.23 points, down 158.71 points or -0.44%.
– NASDAQ Index : New York Stock Exchange The market closed at 15,704.28 points, an increase of 81.58 points, or +0.52%.
– S&P 500 Index : New York Stock Market The market closed at 4,649.27 points, an increase of 2.56 points or +0.06%.
* European stock market
– DAX Index : German stock market The market closed at 16,083.11 points, an increase of 15.28 points or 0.10%.
– CAC-40 Index : French Stock Market The market closed at 7,059.55 points, an increase of 14.39 points or 0.20 percent.
– FTSE Index : London Stock Exchange The market closed at 7,384.18 points, up 44.03 points or 0.60%.
* Asian Stock Market (latest)
– Straits Times Index: Singapore Stock Market The Singapore Stock Exchange at 08:36 (Thailand time) was at 3,241.84 points, up 3.77 points or 0.12%. The market opened at 3,244.09 points, the previous close at 3,238.07 points.
– Nikkei Index: Japanese stock markets at 08:34 (Thailand time) were at 29,542.32 points, an increase of 264.46 points or 0.90%. The market opened at 29,381.45 points, the previous close at 29,277.86 points.
– SHI index: China stock market at 8:39: (Thailand time) was at 3,530.81 points, down 1.98 points or -0.06%. The market opened at 3,534.15 points, the previous close at 3,532.79 points.
– Hang Seng Index: Hong Kong Stock Market Time 08:52 (Thailand time) was at 25,419.85 points, an increase of 171.86 points or 0.68%. The market opened at 25,522.83 points, the previous close at 25,247.99 points.
– Composite Index: Seoul Stock Market at 8:38 AM (Thailand time) was at 2,961.55 points, up 36.63 points, or 1.25 percent. The market opened at 2,945.95, closed the previous session at 2,924.92.
*oil price
NYMEX crude rose 25 cents, or 0.3%, at $81.59 a barrel. recovered after the previous downturn. including pressure from concerns about inflation in the US
* Gold price
Gold price COMEX rose $15.6, or 0.84%, to close at $1,863.9/ounce. As an inflation hedge asset
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