Mr. Supakorn Tulyatanya, Chief Investment Officer Principal Asset Management Co., Ltd. Revealed at the seminar The Retirement Plan Symposium the 7th “Digital Assets and Long-Term Investments for Retirement” that the portfolio management since the beginning of this year Principal Asset Management has communicated with clients to reduce their investment weight in stocks due to Fundamental that doesn’t look good. especially the issue of monetary policy in the US. While currently still confirming the original recommendation. Because the risks are still quite high.
but if it is a retirement port With the share price falling quite a lot around -20%, it is seen as an opportunity to buy the average price. With a long term goal (Long Term) of regarding 15 years to increase the chances of receiving a positive return.
The investment in digital assets It is not currently recommended to be brought into retirement portfolios. due to the high volatility This can be seen from the current bitcoin price drop. which is more than 70% negative
Mr. Supakorn said that due to the inflation situation in the US in the past As a result, the US Federal Reserve (Fed) continued to raise interest rates. It looks like the Fed will raise interest rates by 0.75% at its July meeting. It will raise interest rates through the end of the year to 3.5%, before rising to a high of 4.25% in the first half of ’66, following which the Fed will cut interest rates by 0.75% in the second half of ’66 to fight the recession. and stimulate the US economy to come back
while the inflation rate is high As a result, the low- and middle-income groups of the United States have reduced purchasing power. And it is expected that profits of US listed companies will also tend to grow lower. It can be seen that many companies have begun to slow down employment. As a result, we may see a decrease in profit forecasts of private companies. And the market may be volatile in the next period.
In Europe, the European Central Bank (ECB) is expected to raise interest rates by 0.25% at its July meeting. to control high inflation with the view that Europe will enter a recession in the second half of this year
China’s outlook on the stock market is better than the US and European markets. due to better financial conditions from the previous strict And China’s economic cycle is different from other large economies. In the next phase, China will enter a period of economic stimulus. through a focus on fiscal policy
However, it must be monitored whether China will continue to implement the Zero COVID-19 policy as heavily as the previous period or not. If not as heavy It is seen as a positive for the Chinese market in the future, while the technical picture of the market sees that the Chinese stock market has already bottomed out. And it is in the range of an uptrend. Valuation is also quite cheap.
By InfoQuest News Agency (20 July 65)
Tags: Thai stock market, Principal Asset Management Co., Ltd., Supakorn Tulyathon, Thai stocks
