Mr. Nuttachat Makmasin, Assistant Managing Director Securities Analyst Department, Trinity Securities revealed the direction of investment in June 2023, for the picture of the Thai stock market in the month June is expected to swing sideways by looking at 2 support levels: 1,500 point and 1,470 points. The SET index is relatively stable. On the other hand, look at two levels of resistance at the 1570 and 1600 levels respectively, with the 1600 level being its unlikely level. As this is the appropriate index level in our best case (Bull case), based on Forward PE at 14.2xa 2024E EPS level at 113 baht.
Mr Nuttachat said that assessing the stock index picture in the first half of the month is likely to be better than the second half. From the outset investors should start pricing in the possibility that the Fed will hold the interest rate at the June 13-14 meeting, which still has the same view that there is a high probability of that happening. from the direction of inflation which has weakened significantly recently and came out to send more dovish signals from various Fed directors. But after the FOMC meeting is over. It can see profitable sales pressure or Sales on fact happening
strategically It is recommended to use the up-sell-down-buy strategy in accordance with the defined resistance support range. These are the recommended stocks for this month: 1. Banks that are likely to benefit from the increasing interest cycle, such as BBL, KBANK, and SCB 2. Consumer finance that benefits from the minimum wage policy. This will increase the ability to spend on the ground and their ability to pay debts, such as SAWAD, MTC, TIDLOR 3. Groups based on the consumption sector that still see good growth and a net benefit from an increase in the minimum wage, namely BJC, MAKRO, CRC, GLOBAL, DOHOME
By InfoQuest News Agency (01 Jun ’23)
Tags: Nuttachart Makmasin , Thai stock market, Thai stocks
