Mr. Watan Jitsomnuek, Director of Strategic Analysis Department, Pie Securities (PI), told Nation Online that last Friday, the National Economic and Social Development Council or NESDB report GDP 4Q22 It grew only 1.4%YoY, lower than the Bloomberg Consensus expectation of 3.6%YoY, with private consumption still expanding at 5.7%YoY, mainly due to continued growth in spending on non-durable goods (food).
Meanwhile, spending on durable goods decelerated following the purchase of vehicles. Government final consumption expenditure fell 8%YoY due to a decline in COVID-19-related spending, while private investment grew 4.5%YoY.
Residential construction slowed down and commercial building construction contracted 5.5%YoY. Machinery grew 5.1%YoY, slowing down from 3Q22’s 14%YoY, a slowdown in all capital goods groups, both vehicles and machinery. industry Meanwhile, exports contracted 10.5%YoY, declining in all categories of agricultural and industrial products due to weak demand from trading partners.
however ExportOutstanding service expansion of 94.6%YoY as a result of the arrival offoreign tourists In summary, lookretail stocksAssociated with beneficial foods such as (BJC, CRC, CPALL) restaurants and travel (AOT, CENTEL, ERW ,MINT ,SHR and SPA)
As for this week, follow 1. EU Purchasing Managers Index on Tuesday 2. US second-hand home sales on Tuesday as well, Bloomberg expects 4.09 million homes3. New home sales in the US on Friday, Bloomberg estimated at 620,000 homes. 4. Domestic tracking 4Q22 earnings of listed companies.
However, assessing the SET this week moving within the range of 1,630-1,665 points for strategic investment. Emphasis on holding high-end cash As for stocks, we recommend focusing on specific positive factors. The export group recommends TU (TP 23.5), ADVANC Communications (TP 236), CPALL Retail (TP 72.5) and MINT Restaurant (TP 40).