Unlock the Power of Baht Appreciation: Krungsri’s Top Stock Picks Revealed
Krungsri’s Top Picks: Stocks to Benefit from the Strengthening Baht
Krungsri Guarantees No Stocks: Expert Recommendations for Continued Baht Appreciation
This morning, Krungsri’s top picks of KSS stocks in Thema are poised to benefit from the baht/dollar strengthening, which has reached its highest level in two years at 32.6 baht. Stocks such as GPSC and AAV are starting to outperform, with GPSC up 1.62% and AAV up 1.52%.
Technical analysis reveals an important support level for the baht at 32.55/32.186 baht/dollar, with resistance levels at 33.17/33.34 baht. This positive sentiment is expected to drive Fund Flow and boost Thai stocks in Q4 2024, with a maintained index target of 1,540 points by the end of 2024.
Stocks to Watch
GPSC (Target Price: 54.10)
Support levels: 45.25/44.5
Resistance levels: 47.75/49.25
Every 1 baht strengthening is expected to result in a profit gain of approximately 4%.
AAV (Target Price: 2.96)
Support levels: 2.58/2.52
Resistance levels: 2.72/2.80
AAV is expected to benefit significantly from the strengthening baht, with every 1 baht strengthening resulting in a profit gain of approximately 1000 billion baht, representing a 54% increase from the 2024 profit forecast.
