Krungsri Securities (SEC) expects the trendThai stock index Today (23 May 65) assesses the index to swing in the frame of 1,630 – 1,645 points, althoughindexIt will be driven by news that Biden is considering a reduction in tariffs on Chinese imports to alleviate the problem.inflationHigh in the US coupled with high crude oil prices are positive for energy sectors.
However, concerns regarding the global economy slowed down from theFedSpeeding up interest rates to curb inflation remains a dragindex Therefore, a Selective buy speculation is recommended and should follow the FOMC Meeting Minutes on May 25 to catch the interest rate hike signal.
Today’s Topics
- (+) Dow Jones gains 618 points from buying bank stocks And expect the US to end the trade war with China: indexThe Dow was up 618 points (+1.98%) to close at 31,880 on bank buying pressure as many banks began to raise their earnings forecasts from higher interest rates. And it hopes the United States will end its trade war with China following tariffs on $350 billion of Chinese imports will automatically expire on July 6.
- (+) Auto Group – production, sales and exports of cars in April Overall still good: FTI reported auto production in April. Increased to 117,786 units, an increase of 12.87%yoy, and domestic sales of 63,427 units, an increase of 9.11%yoy, while exports rose to 55,692 units, an increase of 5.33%yoy.
- (+/-) Today’s Cabinet is eager to approve the measure we travel together, phase 4, extension of 1 million rights: It is expected that the meeting The cabinet today will discuss to approve measures to stimulate tourism in the country as A. Tourism proposes to issue measures, we travel together, phase 4, extension of 1 million rights. If actually approved, it will be positive for tourism groups, especially ERW, which mainly focuses on domestic hotel business.
Investment Strategy: Selective Buy
PTTEP TOP IVL SPRC BCP BANPU Crude oil price + GRM + coal remained high.
PSL Shipping Group TTA Bulk Freight Recovers
AOT MINT CENTEL ERW BDMS BH BEM BTS benefits from opening the country
Recommended stocks today
ERW (3.72 purchases / highest target, IAA Consensus 4.5) win the Cabinet to approve the measure, we travel together, extension of 1 million rights and Thai travel tours This is expected to be the most positive for ERW as hoteliers account for 90-95% of total revenue.
KTB (closed at 14.9, buy/target Bt15.50) was the bank that posted its strongest 1Q22 net profit, making a profit of Bt8.7bn, up 78%qoq and 57%yoy. The allowance was originally set quite high.