2024-04-01 02:44:47
InfoQuest News Agency (01 April 2024)
Analyst Thai stock market forecast this morning Movement is in positive territory, consistent with regional markets. Responding to US inflation figures (PCE), they came out in line with analysts’ expectations. and has also slowed down compared to January. Moreover, China’s PMI numbers came out better than expected. Support is set at 1,375 points and resistance at 1,385 points.
Mr. Weerawat Wirojphoka, Director of Securities Analysis at Finansia Syrus Securities, said that the Thai stock market this morning moved in positive territory, in line with other stock markets in Asia. Responding to the Personal Consumption Expenditures (PCE) price index of the United States, it came out in line with analysts’ expectations. and has also slowed down compared to January. In addition, the March 2024 Purchasing Managers’ Index (PMI) of China’s manufacturing sector has returned to expanding for the first time in 6 months, better than expected.
Support is set at 1,375 points and resistance at 1,385 points.
*Investment consideration issues
– The New York Stock Exchange is closed on Friday, March 29, for Good Friday.
– Asian stock markets open today. The Shanghai Composite China Stock Exchange Index opened the morning at 3,049.02 points, an increase of 7.85 points or +0.26%. The Nikkei Index opened at 40,646.70 points, an increase of 277.26 points or +0.68%. The Hong Kong Stock Exchange closed today ( 1 April) during the Easter festival
– The Thai stock market closed most recently (29 Mar.) at 1,377.94 points, an increase of 7.60 points (0.55%), trading value 26,482.01 million baht.
– Foreign investors bought a net amount of 615.39 million baht (29 Mar.)
– The New York oil market is closed on Friday, March 29, for Good Friday.
– The Singapore market’s latest closing reference refining margin (March 29) was at $4.67/barrel.
– The baht opened at 36.34, strengthening following the US PCE index came out as expected.
– Big Private Choir Raise your hands to support the government moving forward. “Entertainment Complex” raises casinos to open legally, with clear measures, conditions, and requirements. Stimulate foreign tourists to spend more. Create circulating money Employment occurs The Thai economy is bustling. In terms of civil society networks, 16 provinces moved to submit a letter to the Deputy Finance Minister to consider 3 points.
– Real estate business Specify medium-small Difficult to get a loan Focus on negotiating with banks on a project-by-project basis. Ready to open the way for partners “Joint venture” reduces risk by opening new projects. Strengthen your business
– The hotel business complains that the policy to increase the minimum wage for hotels with 4-star hotels and above in 10 tourist provinces is not fair. Explain following Covid costs “Electricity costs, gas costs, labor costs, raw materials” have all skyrocketed, indicating that most hotels have not yet recovered. Plus you bear the interest with your back arched. Meanwhile, the tourism industry is entering the low season. Hurry up to make an appointment to meet. The Labor Minister is urgent before the matter goes to the Cabinet and implores the government to adjust fiscal regulations. Increase budget for government training-seminars to help entrepreneurs Pointing out that the current rate is still the same as it was 18 years ago.
– Manager of the General Insurance Fund admits that the tank is “broken” with only 3 million remaining while the debt burden is over 50 billion. He insists on doing everything but still has no solution. Meanwhile, the Ministry of Finance insists that there is a sustainable solution to the problem. Reveals that in the short term, he plans to gradually borrow 3,000 million to replenish the fund. Go first. In the long term, they aim to bring the insurance industry together to solve the problem.
– Starting from 1 April, “Credit Bureau” will return to the flag. “Debtor restructures debt” once more following a hiatus during the COVID period. BoT explains not to worry, it will not affect history. and bank lending Still considered a good debtor Hope chronic debtors come in to close their debts quickly.
– In reviewing the status of trading partner countries regarding intellectual property in accordance with special US trade law Section 301 at the Office of the US Trade Representative. (USTR) will release status results at the end of the month. April of every year, 2024, the Thai Ministry of Commerce expects Thailand will have a better status from 2023 being in the group of countries that are being watched for intellectual property rights (WL), which has been in this group since 2017 following Thailand was previously in the group of countries that were Keep a special eye on (PWAL)
*Today’s featured stocks
– PTTGC (Kasikornthai) base price 42.50 baht. China’s PMI numbers came out better than expected, seen as positive sentiment from export groups. Especially petrochemicals It is expected that operating results will recover this year. It expects a normal profit of 6.4 billion baht from last year’s loss of 3.2 billion baht. The impact of the Single Pool Gas Price policy will be postponed to 2025, when the polyethylene and aromatics industries are likely to It has changed to a new up cycle. Therefore, we expect the downside from the Single Pool Gas Price policy to be 12% in 2024 (which we have included in this profit estimate).
– IVL (Krungsri) “Buy” IAA Consensus target of 27.00 baht, expecting operating results to recover in 1Q24 from 1) no large investment impairment charges like in 4Q23 and 2) petro product spreads. IVL’s sales across all products recovered well in February, especially PET spreads in the West increased for the 5th month in a row and reached the highest level in 10 months.
– SJWD (Finansia Cyrus) “Buy” target price 23 baht. Last February, closed the deal to buy shares in ANI (20.12%) doing Cargo General Service Agent business, SWIFT (20.44%) doing The logistics solution business has a total investment value of 2.5 billion baht. It is believed that it will help strengthen the Freight business. In addition, within 2Q24 there should be a REIT by selling some of the area around 100,000 square meters in Alpha to the REIT and There will be a certain amount of profit from sales. We expect 2024 normalized profit of 1.2 billion baht +29% yy, supported by lost M&A expenses. Including gradually seeing positive results from Synergy, looking at the next 3 years of profit growing at an average of 14% CAGR during 2024-2026, support level 15-14.80 baht, resistance level 16//16.50-16.60 baht.
By Phacharathon Phumikham/Ratchada Kongkhunthian
1711940269
#Additional #Thai #stock #market #situation #Morning #index #trend #expected #move #positive #territory #region #Responding #good #USChina #economic #numbers
