Mr. Watan Jitsomnuek, Director of Strategic Analysis, Phai Securities (PI), revealedThai stock market situation this weekwith Nation Online that last Friday the United States reported non-agricultural employment at 336,000, better than Bloomberg Consensus expected at 171,000, but reported the unemployment rate at 3.8%, higher than Bloomberg Consensus expected at 3.7%, along with the Average hourly wages expanded 0.2%MoM, lower than Bloomberg Consensus expected at 0.3%MoM.
After knowing all the numbers, it was found that NASDAQ +1.6%, but the 10-year US bond yield remained stable at a high level. Meanwhile, the dollar has weakened. Investors’ assessment interprets this as saying that although employment will increase, unemployment will be higher, along with wages expanding lower than expected. It is a supporting factor for easing interest rates.
However, it is only seen as a factor supporting the stock market in the short term. Because we have not yet seen a significant decrease in US bond yields. This indicates that bond market investors are not yet confident in the problems of inflation and interest rates.
This week, investors will give weight to US inflation (CPI) on Thursday. Bloomberg Consensus estimates it at 3.6%YoY 0.3% MoM. If the report is lower than expected, it will be positive for the stock market. And another factor is the US Producer Price Index on Wednesday. Bloomberg Consensus estimated it at 0.3%MoM, if lower than expected. I also see it as a positive factor for the stock market, but believe that the CPI has more implications than others. Wait to follow the FED meeting report in September.
For Thailand, wait to follow.consumer confidencefrom the University of the Thai Chamber of Commerce on Monday and the Cabinet meeting on Tuesday. Initially it was reported that they would considerelectric train fareThe price is 20 baht along the two lines, the Purple Line and the Red Line. Passengers who pay less than 20 baht will pay the same price. But if it’s more than 20 baht, you can use the service for 20 baht. The government will be the sponsor. This does not have any impact on BEM because it is a train operation contract. But the decreasing cost of living is seen as a positive for the retail group (BJC, CPALL).
This week, the SET is estimated to move within the range of 1,425 – 1,460 points for strategic investment. Still view the current area index as an opportunity to accumulate from interesting valuation levels.
– large stocks (BJC, CPALL, HMPRO)
– travel (AOT, CENTEL)
– commercial bank (BBL, KBANK, KTB, SCB)
– shopping center (CPN)
– export (TU)
– financial group (MTC ,TIDLOR)
2023-10-08 22:56:00
#Reveal #outstanding #stocks #Catching #speculation #3rd #quarter #bright
