2024-02-23 02:38:30
InfoQuest News Agency (23 Feb. ’24)
Analyst Expect the Thai stock market today to continue rising. After closing yesterday, standing at 1,400 points, still receiving sentimnet plus from foreign stock markets that are still rising quite well. And wait to follow the export numbers today. If it comes out well, it will be a supporting factor for the index. Ready for resistance 1,410-1,415 points, support 1,390-1,395 points.
Mr. Therdsak Thaweethiratham, Deputy Managing Director, Research Division, Asia Plus Securities, said that the trend of the Thai stock market today is still expected to continue rising. After yesterday, the index rose to stand at the level of 1,400 points, with foreign stock market sentiment still quite good. Last night, the US stock market continued to rise. And this morning, most other stock markets in Asia rose.
While today waiting to follow the report on Thai export figures from the Ministry of Commerce. If it turns out well, it will be a factor that helps support the index. During the time that news from other important factors has already been received
with resistance 1,410-1,415 points, support 1,390-1,395 points
Investment consideration issues
– New York Stock Exchange (22 Feb.) The Dow Jones Industrial Average closed at 39,069.11 points, an increase of 456.87 points or +1.18%, the S&P 500 index closed at 5,087.03 points, an increase of 105.23 points or +2.11%, and the Nasdaq index closed at 16,041.62 points, an increase. 460.75 points or +2.96%
– Asian stock markets open today. The Hang Seng Index of the Hong Kong Stock Exchange opened the morning session at 16,654.68 points, down 88.27 points or -0.53%, and the Shanghai Composite Index of the Chinese Stock Market opened the morning session at 2,992.91 points, an increase of 4.55 points or +0.15%.
– The Thai stock market closed most recently (22 Feb.) at 1,402.47 points, an increase of 8.86 points (+0.64%), trading value 51,341.29 million baht.
– Foreign investors bought a net amount of 3,425.65 million baht (22 Feb.)
– WTI crude oil price for delivery in April. rose 70 cents, or 0.9%, to close at $78.61/barrel.
– The Singapore market’s reference refining margin last closed (22 Feb.) was at $6.78/barrel.
– The baht opened at 35.94, depreciating slightly. Keep an eye on Eurozone economic data – official statements. ECB
– “ITD” plans to sell shares in Asia Pacific Potash Corporation, which has mining rights in Udon Thani. After having liquidity problems Had to postpone payment of interest on 5 tranches of bonds. Prime Minister demanded funding source. “Industry” was reported to be in the plan. Find new joint venture partners Reveals that the government is accelerating the delayed potash mines, indicating that Saudi Arabia is interested in investing in potash mines in Thailand.
– F.T.I. laments that car production for January 2024 dropped 12.46%, pointing out that sales dropped 16.42%, reflecting the delayed disbursement of the 2024 budget and stagnant investment and spending. The country’s economy expanded at a low level. Repeatedly, financial institutions are strict in approving loans.
– News report from The Stock Exchange of Thailand (SET) revealed that the SET Board of Directors has approved additional measures to enhance the supervision of short selling. and using computers to send trading orders or trading programs, and increasing measures to disclose information to the public, such as measures to supervise short selling. Review the qualifications, such as increasing the minimum market capitalization size from 5,000 million baht to 7,500 million baht, increasing the requirements for considering stock liquidity. Must have a monthly trading proportion of more than 2% compared to the volume of listed stocks. Controlling the impact of short selling Both price and quantity
– “Foreigners” flock to buy back Thai stocks for 2 days in a row, approaching “tens of billions”, receiving measures to “strictly control short sales – trading programs”, raising 3 levels of “stock prices – trading transactions” -Direct punishment to investors” to prevent net shorts. Restoring confidence in the “capital market”, looking at measures that are lighter than China-South Korea But good results are expected for large stocks, adding strength. “Seththa” urges the SET to work proactively to attract investment, pointing out that “Aramco” is accelerating diversification of investments in Asia, hoping Thailand will attract investment in the tens of billions.
Today’s top stocks
– PTTEP (Kasikornthai) Buy, base price 180 baht, interesting long-term business outlook, “Coming Home Strategy” allows PTTEP to operate business smoothly with reduced risk of drilling dry wells. As a result, the downside potential for profits will decrease. PTTEP’s sales volume will increase 40-50% to 700-800 KBD in 2028 from 2024 from the planned commencement of the SK410B project and the Mozambique project.
PTTEP is actively developing low-carbon business. Through the business strategy “beyond E&P” which includes the business of providing environmentally friendly hydrogen CCS services. and alternative energy It aims to achieve net zero carbon emissions by 2050 and to diversify its revenue sources.
– AAV (Finansia Cyrus) recommends “Buy” with a target price of 2.80 baht. Normal profit for 4Q23 comes out at 410 million baht, +151% qq, +144% yy, better than we expected from good operating profit margin. Than expected, if profits from FX gain are not included, there will be a net profit of 2.8 billion baht, ending the year 2023 with a normal profit of 0.1 billion baht. 1Q24 trend: profit growth momentum continues to be good from the Peak Season, supporting increased ticket prices. Including Chinese passengers who have recovered. Maintain normal profit forecast for 2024 at 1.4 billion baht, growing leaps and bounds.
– BJC (Krungsri) Buy, target price 32 baht, net profit in 4Q23 grows leapfrogging as expected at 1,638 million baht, a jump from 693 million baht in 3Q23, or an increase of more than 136% qoq. Profit trend is still good. continuously While the stock price is still in the low or Laggard zone from the group, it is an opportunity to buy.
By Jirayut Chansongsakul/Ratchada Kongkhunthian
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