SET this week, Sideways, keep an eye on Q1 budget, listed companies-international economic data. Raise CRC-AMATA-BBL top stocks

2023-04-24 01:00:45

“Online Business Stock News” gathers investment strategies this week (24-28 April 2023) from the analysis. Krungsri Capital Securities Public Company Limited or KCS, stating that this week Sideways resistance 1,572-1,586 points and support 1,543-1,518 points.

By recommending to keep an eye on the US GDP Q1/23 on April 27, 2023, it is expected to be 2.0% compared to the previous quarter, while on April 29, following GDP in Q1/23, Europe is expected to be negative 0.1% compared to the previous quarter.

As for May 28, the first BOJ meeting in the reign of Governor Kazuo Euda, the market is expected to maintain the Dovish monetary policy, YCC, and maintain interest rates at -0.1%. On April 24, the French House of Representatives is scheduled. Visit Taiwan May raise tensions with Taiwan and China.

Domestically, on April 24, following Thai export sales, the market is expected to decrease 16.1% compared to the same period last year vs prev. -4.7% compared to the same period last year. and import sales are expected to be -5.1% YoY vs prev. 1.1% YoY. The market trade balance is expected to be -1.0 billion. export market details and exports that expand & shrink

At the same time, on April 25, followed up with the ERC, knocking down the Ft for the May-Aug. 23 period, down from 4.77 baht if reevaluating to a minus sentiment per share of the power plant group. But plus per share that uses electricity such as hotel groups, restaurants, retail groups

In addition, following the 1Q23 financial report on the Real Sector side, expecting on April 25, SCGP expects a net profit of 1,025 million baht, growing 128% compared to the previous quarter, decreasing. 38.2% compared to the same period last year and April 26 following the budget BH expects a net profit of 1,570 million baht, a 1.6% increase compared to the previous quarter and an increase of 116.5% compared to the same period last year, and SCC expects a net profit of 3,618 million baht. 2,201% QoQ, down 59.1% QoQ

Investment strategy: Evaluate the market outlook this week, “Sideways”, which is a silent period, no comments from the Fed committee before the meeting in early May, focusing on Thailand. Is the quarterly financial report for the 1st quarter of 2023 on the Real Sector side such as SCGP, BH, SCC.

After the banking group announced its budget at 49.3 billion baht, 10.4% better than the market expectation, strong in both non-interest income, fee income-etc. Therefore, we expect to see good domestic budget in the next period.

Stock picks this week: Recommend CRC, AMATA, and BBL. CRC recommends a target price of 50 baht. Consumption is booming. travel recover Electricity costs are likely to drop and the election is imminent. AMATA recommends a target price of 25 baht to benefit from relocating production from geopolitical risks + has a plan to spin-off the utility business. And BBL recommends a target price of 200 baht, good budget for both income and NPL. , strong asset quality and the most adequate reserves in the group

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