2024-06-04 02:32:04
InfoQuest Information Service (June 4, 2024)
Analysts anticipate the Thai inventory market to have the chance to fluctuate upward at the moment. That is according to the constructive elements for the inventory market. Overseas inventory markets obtained supporting elements for the US PCE inflation knowledge in April as anticipated, resulting in a decline in bond yields. China’s manufacturing PMI improved, which helped help the inventory market. The resistance degree is 1,355-1,360 factors and the help degree is 1,335-1,340 factors.
Mr. Weerawat Wirojphoka, director of securities evaluation at Finansia Syrus Securities, mentioned that the pattern of the Thai inventory market this morning has the chance to observe the fluctuations of international inventory markets. Following yesterday, the Thai inventory market was closed for sooner or later, and america launched private consumption expenditures (PCE) inflation knowledge for April according to market expectations. The decline within the 10-year U.S. Treasury yield has develop into a supporting issue for the inventory market.
In the meantime, China launched a greater manufacturing PMI report yesterday, bringing constructive sentiment to regional inventory markets yesterday. It’s also anticipated to have an effect on the Thai inventory market at the moment.
As for home elements, there are not any new ones. Different Asian inventory markets opened this morning, with most buying and selling within the pink.
The resistance degree is 1,355-1,360 factors and the help degree is 1,335-1,340 factors.
*Funding concerns
– New York Inventory Change (June 3) The Dow Jones Industrial Common closed at 38,571.03 factors, down 115.29 factors or -0.30%, the S&P 500 Index closed at 5,283.40 factors, up 5.89 factors or +0.11%, and the Nasdaq Index closed at 5,283.400 factors, up 5.89 factors or +0.11%. The index closed at 16,828.67 factors, up 93.65 factors or +0.56%.
– Asian inventory markets open at the moment. The Tokyo Inventory Change’s Nikkei Index opened at 38702.54 factors, down 220.49 factors or -0.57%; the Hong Kong Inventory Change’s Hold Seng Index opened at 18335.45 factors, down 67.59 factors or -0.36%; the Shanghai Composite Index opened at 67.59 factors or -0.36%. The inventory opened at 3071.32 factors, down 7.17 factors or -0.23%.
– The Thai inventory market not too long ago closed at 1,345.66 factors (Could 31), down 5.86 factors (-0.43%), with a transaction worth of 74,843.96 million baht.
– Web gross sales by international traders have been Baht 4,092.37 million (Could 31)
– Value of WTI crude oil for July supply. It fell US$2.77 or 3.6% to shut at US$74.22/barrel.
– The newest reference refining gross revenue within the Singapore market (June 3) was US$2.88/barrel.
– The Thai Baht opened at 36.61, fluctuating. Regulate dollar-gold flows
– “Thailand Capital Market Analyst” collectively invests in “Thailand shares” within the second half of 2024, with restoration alternatives in response to varied supporting elements. “Authorities Financial Stimulus Measures – Digital Pockets Challenge – Resurrection LTF Fund – Co., Ltd. Revenue” additionally focuses on the chance that the European and American economies might enter a short lived recession, and funds circulate to Asian and Thai inventory markets. Trying ahead to the tip of the 12 months, the SET INDEX index will hit 1580 factors. By way of “threat elements”, it is suggested to be alert to those two points. “Geopolitics—Federal Reserve Curiosity Price Coverage”
——The Bond Affiliation revealed that if the Federal Reserve cuts rates of interest quicker than within the second half of 2024, the personal bond market is predicted to return to “vitality” once more. The market expects that there can be one by the tip of the 12 months, which might have a constructive influence on the discount of the “price” of bond issuance. It’s believed that it’ll entice extra curiosity from personal corporations to boost funds. Reaffirmed the bond issuance goal this 12 months to achieve 900 billion to 1 trillion.
– The “gold crypto” pattern within the second half of 2024 stays very enticing. “Proceed to Appeal to Buyers” The “Gold Sellers Affiliation” recommends paying shut consideration to indicators that the Federal Reserve will “lower rates of interest” to encourage a surge in threat asset costs. After the primary half, it was thought of an asset producing “excellent” funding returns, mirrored by the “gold worth” hitting all-time highs. Cryptomind factors to the tip of this 12 months as a possibility. After the “Bitcoin halving” phenomenon within the first half of the 12 months has occurred, the “crypto market” has entered a “bull market” state.
– The “Chunlapan” plan requires the cupboard to approve a plan to gather extra income. The 2 tax multinational corporations 20 billion baht per 12 months and impose a 7% value-added tax on imported merchandise ranging from the primary baht. As for tax income for the seven months of fiscal 12 months 2024, it fell wanting the goal by 39 billion baht.
——Ata revealed that China has precipitated issues for the export of Chinese language merchandise on account of the Sino-US commerce conflict. And have an effect on the Chinese language economic system. Due to this fact, Thailand might not have the ability to obtain the goal of 8 million Chinese language vacationers, as 2.9 million Chinese language vacationers visited Thailand within the first 5 months of this 12 months (January to Could), and a median of 480,000 visits per thirty days are anticipated all year long. To realize the goal, the variety of Chinese language vacationers can be 7 million, 12.5% decrease than the goal. We wish to promote the variety of Chinese language individuals visiting Thailand to achieve 600,000 per thirty days. It stays to be seen whether or not the variety of Chinese language individuals visiting Thailand can method the goal of 8 million in the course of the peak season (October-December).
– TDRI lecturers fear regarding excessive dangers to Thailand’s fiscal stability. After the federal government projected that Thailand’s public debt will attain 68.9% in 2027, political economists predicted that Thailand’s GDP will attain under 5%, criticizing the funds as doing little to enhance competitiveness. It is strongly recommended to extend the funding funds
——Deputy Minister of Finance “Chun Lapan” is regarding to renew the “easy digital receipt” measure and is ready for the launch of a digital pockets venture on the finish of this 12 months, indicating the uncertainty in Thailand’s economic system. LTF Fund identified that there’s a want to seek out short-term financial stimulus measures, which might be carried out instantly if the federal government provides the inexperienced gentle. The reason being that there’s already an present construction to help it, and not too long ago this info has been fed once more to coverage departments for decision-making. Ready to debate once more
– The Ministry of Finance has not but reached a conclusion on whether or not to renew LTF. Level out that they might discover a method to prosper Thai ESG. “Inventory Buying and selling – Insider – Exposing False Info” hopes to be more practical and discusses the problem of knowledge disclosure in information reporting circumstances that violate securities legal guidelines
*Right this moment’s chosen shares
– DELTA (Kasikornthai) has a base worth of 79.0 baht and the corporate is predicted to report a restoration in 2H24 earnings as buyer stock ranges begin to decline. Judging from the report that energy export knowledge in April elevated by 32% year-on-year and USCorePCE knowledge in April started to decelerate, we will imagine that market sentiment is constructive. The month-on-month improve precipitated the market to regulate its view on the Federal Reserve’s rate of interest lower this 12 months, with the rise being 1 to 2 instances that of sentiment plus know-how shares.
– KCE (Kingsford) “Purchase” goal worth IAA consensus 52.00 Baht) The corporate targets annual income progress of regarding 4-7% in 2024 and a gross revenue margin of 24%. Gross sales are anticipated to recuperate higher this quarter and proceed 2/67. The longer term marketing strategy is to scale back prices by means of automation and the depreciation of the Thai baht. In response to high-tech market demand, it is going to improve the proportion of HDI merchandise and broaden its buyer base to telecommunications and server teams to connect with market AI demand. It’s anticipated to be worthwhile in 2024-2025. The Thai baht grew 12% year-on-year
– GPSC (Finansia Cyrus) has a “Purchase” worth goal of 59 Baht and expects market sentiment to rise on the once more of falling power costs and preliminary revenue tendencies within the second quarter of 2024. Avada’s revenue share will improve with the addition of 100MW of latest capability at SPP Unit 2, which incorporates the Taiwanese wind farm that began producing electrical energy in Could, and which the corporate has dedicated to investing to extend its present 6,575MW capability to 2026. 10,440 MW. In Thailand, new energy buy auctions might have the chance to start out within the second half of 2024, thereby buying further capability. have a constructive influence on working efficiency sooner or later interval.
Creator: Jiraut Chansongsakul/Ratchada Kongkhunthian
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