Post by account_disabled on Jan 1, 2024 8:08:54 GMT
Trinity assesses the market for the remainder of September 2019 has a chance of swinging sideways in the range of 1,600-1,680 points, looking at the US Federal Reserve (Fed) lowering policy interest rates. It is already predicted. Recommend strategies for investing in Defensive and Selective stocks, focusing on stocks with the theme Low bond yield. As for selected outstanding stocks ADVANC-RATCH-JMT-TU--BBL-KCE Mr. Natchat Mekmasin, Assistant Managing Director Securities Analysis Department Trinity Securities Co., Ltd. revealed the direction of the Thai stock market for the remainder of September 2019, assessing that the SET Index has a chance of swinging sideways in the range of 1,600-1,680 points, with important pressure factors being: 1.
After Saudi oil storage. attacked We B2B Email List are beginning to see signs of rising geopolitical risk, causing investors around the world to become concerned about the global economic situation again. And we are beginning to see the phenomenon of moving more money out of risky assets into safe assets. 2. At the current SET Index level, stock prices are starting to become inaccurate due to the Valuation dimension. The latest EPS estimate for 2020E has come down to the level of 110 baht. If based on On the Forward PE level, in the best case at 15 times, the appropriate index level will be only 1,650 points or almost no upside from the current index level at all. Possible positive factors include the signing of a temporary trade agreement between the United States and China.
If the negotiations between representatives of the two countries have a better direction This may lead to the announcement of a temporary agreement, such as: 1. Postponing the increase in tariffs to 30% on goods imported from China worth $250 billion from Oct. 15. 2. Cancellation of Increasing this 30% tax rate and 3. Postponing/cancelling the 10% tariff on imported goods from China worth $160 billion that will come into effect on Dec. 15, which may lead to postponement/ The 5-10% tariff on Chinese imports will be canceled on the same day. If it actually happens, it will be positive for stocks in sectors that have been hit hard recently, such as electronics. Mr. Natchat also recommends Defensive and Selective investment strategies to stocks in the Low bond yield theme (Finance, Public Utilities, Communications, REIT & IFF). Looking at stocks in this group that are interesting in this group include S11, THANI.
After Saudi oil storage. attacked We B2B Email List are beginning to see signs of rising geopolitical risk, causing investors around the world to become concerned about the global economic situation again. And we are beginning to see the phenomenon of moving more money out of risky assets into safe assets. 2. At the current SET Index level, stock prices are starting to become inaccurate due to the Valuation dimension. The latest EPS estimate for 2020E has come down to the level of 110 baht. If based on On the Forward PE level, in the best case at 15 times, the appropriate index level will be only 1,650 points or almost no upside from the current index level at all. Possible positive factors include the signing of a temporary trade agreement between the United States and China.
If the negotiations between representatives of the two countries have a better direction This may lead to the announcement of a temporary agreement, such as: 1. Postponing the increase in tariffs to 30% on goods imported from China worth $250 billion from Oct. 15. 2. Cancellation of Increasing this 30% tax rate and 3. Postponing/cancelling the 10% tariff on imported goods from China worth $160 billion that will come into effect on Dec. 15, which may lead to postponement/ The 5-10% tariff on Chinese imports will be canceled on the same day. If it actually happens, it will be positive for stocks in sectors that have been hit hard recently, such as electronics. Mr. Natchat also recommends Defensive and Selective investment strategies to stocks in the Low bond yield theme (Finance, Public Utilities, Communications, REIT & IFF). Looking at stocks in this group that are interesting in this group include S11, THANI.