Decide 15 shares to profit from Thai GDP in Q1 increasing 1.5%.

Nationwide Financial and Social Improvement Board (NESDB) Exhibiting financial figures, Thai GDP for the primary quarter of 2024 grew 1.5%, increased than the market expectation of 0.8% from the identical interval final yr and grew 1.1% from the earlier quarter. and exceeded market expectations of 0.6% from the earlier quarter. with the principle help This got here from the consumption sector which grew by 6.9% from the identical interval final yr, non-public funding grew by 4.6% from the identical interval final yr, and repair exports elevated by 24.8%.

Nevertheless, there are nonetheless elements weighing on the general Thai financial system. Because of public funding which decreased by 27.7% from the identical interval final yr, authorities expenditure decreased by 2.1% from the identical interval final yr. and merchandise exports decreased by 2.0% from the identical interval final yr, and many others.

Details about the corporate Asia Plus Securities Firm Restricted It’s acknowledged within the evaluation that Within the subsequent interval, the Thai financial system is predicted to develop in steps, with BLOOMBERG forecasting GDP progress in 2Q24 to broaden by 2.0% from the identical interval final yr, in 3Q24 it’s going to enhance by 2.8% from the identical interval of the earlier yr and within the 4th quarter of 2024 it’s going to develop by 3.9% from the identical interval final yr. It’s anticipated that help from authorities funding cost (G) stays 86% of the 2024 price range, the DIGITAL WALLET mission within the 4th quarter of 2024, the minimal wage enhance of 400 baht, the tourism sector which has recovered (. C) and personal funding which has grown considerably in comparison with the earlier yr (I).

Though there are nonetheless just a few weighting elements Subsequently (20 Might 2024) NESDB lowered its GDP forecast for 2024 right down to 2.0-3.0% from the earlier vary of two.2-3.2%, anticipating a sluggish enchancment in Thai GDP . From an growth of 1.9% in 2023, the reason for concern was the impression on the manufacturing sector. Enterprise is slowing down Moreover, there’s a danger that the export sector will recuperate slowly. The “Digital Pockets” mission can be anticipated to assist help GDP progress this yr by 0.25%, estimating that precise spending might not attain 500 billion baht on the similar time. time However it’s progressively used. It’s anticipated that round 200 billion baht of cash will enter the system within the 4th quarter of 2024.

On this regard, the analytical division has chosen sure shares which are value investing in. By recommending shares ingross sales group even Berli Jucker Public Firm Restricted no BJC, CP All Public Firm Restricted or CPALL and CP Additional Public Firm Restricted or CPAXT

Constructing supplies group even Siam Cement Public Firm Restricted or SCC, Siam Metropolis Cement Public Firm Restricted or SCCC, CH or CK and Sino-Thai Engineering and Building Public Firm Restricted or STEC

industrial property company even WHA Company is a Public Firm Restricted or WHA and Details about the corporate Amata Company Public Firm Restricted or BEGINNING

journey company even The corporate Erawan Group Public Firm Restricted or ACRE, The corporate is Central Plaza Resort Public Firm Restricted or CENTEL andWorldwide Public Firm Restricted Restricted or MINISTER

on the similar time Details about the corporate Krungsri Securities Public Firm Restricted It was mentioned, for reporting Thai GDP numbers for the first quarter of 2024 that expanded 1.5% in comparison with the identical interval final yr and grew 1.1% from the earlier quarter. and higher than the market anticipated. Which the evaluation division sees because the lowest level of 2024 and expects it to be the premise for acceleration in the remainder of this yr. From the 2nd quarter of 2024, organizations which have grown within the 1st quarter of 2024 have adopted good traits within the service sector. (Momentum continues to be good Even when they enter the low season), the buying energy sector (tourism, agricultural revenue, price range and Digital Pockets mission on the finish of the yr), the export sector (a bunch of digital parts has begun to indicate indicators that they’ve handed the bottom stage). level. together with the Chinese language financial system recovering (Thailand is the exporter of 13% of the full)

As well as, non-public funding confirmed optimistic indicators with overseas inflows (FDI) accelerating. Though there are nonetheless urgent points, particularly organizations primarily based on authorities spending and funding. Because the price range was handed solely on the finish of April 2024, it’s thought of to be one other level that’s anticipated to enhance within the subsequent interval.

Nevertheless, such elements It’s a optimistic psychology for giant cap shares such because the banking group that expects the market to begin assessing the bottom danger of falling coverage rates of interest. Features for shares of huge banking teams, specificallyBangkok Financial institution Public Firm Restricted or BBL, Details about the corporate Krung Thai Financial institution Public Firm Restricted or KTB and Thanachart Thai Army Financial institution Public Firm Restricted or TTB

Together with person teams, specifically CPALL, BJC As for the teams that may profit from accelerated overseas direct funding (FDI), they’re: WHA