Maybank Securities (Thailand) estimates the Thai stock market next week (15-19 Aug) will move in a frame of 1600-1,640 points, supported by the recovery of the Thai tourism sector. baht appreciation and Thailand’s 2Q22 GDP report on August 15, which is likely to continue to recover.
But there are still negative factors from the overall global economic slowdown. and policy risks from the government sector
Top Picks
– JMART (Target Price 75) The outlook for the year’s performance in 65 continues to grow strongly. Combining the opportunity to enter the SET50 calculation in the second half of this year provides additional support. Meanwhile, the recent correction in share prices has increased the accumulating attraction.
– BE8 (Target Price 65) Expect 2Q22 earnings to reach new highs, in line with Digital Transformation’s megatrend. That continues to move forward and expects 2H65 to start to recognize revenue from the Thai postal deal and X10 merger, resulting in the long-term outlook of 65-67 still growing at an average of not less than 50% per year.
– SPA (Target Price 9.60) Reported 2Q22 financial statements, a loss of only 29 million baht, better than expected 13%, with revenue peaking in 8 quarters and cost management very well. It is expected that the second half of the year will turn to be profitable. Merge the image in the medium term, SPA Operator will be invested in various hotels. It is more profitable.