Post by account_disabled on Jan 2, 2024 0:40:24 GMT -6
Securities expects Thai stocks in August to fluctuate in the range of 1,640-1,710 points. Investors are still afraid of the trade war, MSCI adjusts the weight of Thai stocks down and company profits grow little. Recommends investing in stocks with good dividends, good profit growth, and stocks that rose less than the market Ready to keep an eye on the global economy that may enter a recession in 2020. If that actually happens, Thai stocks may go down to 1,200 points. Mr.Viwat Techapoonphol, Deputy Managing Director, Head of Technical Analysis, TISCO Securities Co., Ltd, discussed the overall picture of the Thai stock market in TISCO Monthly Guru Updates seminar said that technically, TISCO Securities expects that Thai stocks in August 2019 will have a support level of 1,640 - 1,660 points and a resistance level of 1,710 - 1,730 points, even though the Thai stock market is currently at a level close to The support line is already there.
But most investors have not yet decided to Buy Bulk SMS Service buy stocks. Because of concern about the United States It will impose an additional 10% tariff on imports from China in the amount of 300 billion US dollars. which if the United States The actual announcement will have a huge negative impact on the global economy and stock markets. In addition, investors expect that the operating results of Thai listed companies will decrease compared to the same period last year. and decreased compared to the previous quarter. In addition, the Thai stock market also had a negative factor regarding the weight adjustment of the MSCI Emerging Market Index, which is preparing to increase the weight of Chinese A-Share stocks from 5% to 15%, causing the need to reduce the weight of Thai stocks.
The issue of reducing the weight of Thai stocks in the MSCI index is expected to cause foreign capital to flow out of Thai stocks by approximately 9,000 million baht, for the issue of supporting Thai stocks in August. TISCO Securities estimates that foreign capital will continue to flow in after Fitch Ratings and Moody's revised their outlook on Thailand's creditworthiness to positive. Thai debt default risk hedging derivatives continued to drop to their lowest since 2008. Therefore, it is expected that during the rest of the year Foreign investors will come to net buy Thai stocks of approximately 50,000 million baht after over the past 6 years having a net short position of Thai stocks of more than 600,000 million baht. In addition, in September there will be supporting factors from the meetings of various important central banks.
But most investors have not yet decided to Buy Bulk SMS Service buy stocks. Because of concern about the United States It will impose an additional 10% tariff on imports from China in the amount of 300 billion US dollars. which if the United States The actual announcement will have a huge negative impact on the global economy and stock markets. In addition, investors expect that the operating results of Thai listed companies will decrease compared to the same period last year. and decreased compared to the previous quarter. In addition, the Thai stock market also had a negative factor regarding the weight adjustment of the MSCI Emerging Market Index, which is preparing to increase the weight of Chinese A-Share stocks from 5% to 15%, causing the need to reduce the weight of Thai stocks.
The issue of reducing the weight of Thai stocks in the MSCI index is expected to cause foreign capital to flow out of Thai stocks by approximately 9,000 million baht, for the issue of supporting Thai stocks in August. TISCO Securities estimates that foreign capital will continue to flow in after Fitch Ratings and Moody's revised their outlook on Thailand's creditworthiness to positive. Thai debt default risk hedging derivatives continued to drop to their lowest since 2008. Therefore, it is expected that during the rest of the year Foreign investors will come to net buy Thai stocks of approximately 50,000 million baht after over the past 6 years having a net short position of Thai stocks of more than 600,000 million baht. In addition, in September there will be supporting factors from the meetings of various important central banks.