(Extra) Thai stock market conditions: The morning index trend changes sideways after rising significantly.

Keep the support level at 1,350 points and the resistance level at 1,365-1,380 points.

* Investment consideration matters

• New York Stock Exchange (August 26) The Dow Jones industrial average closed at 41,240.52 points, up 65.44 points or +0.16%, the S&P 500 index closed at 5,616.84 points, down 17.77 points or -0.32%, and the Nasdaq index closed at 17,725.77 points, down 152.03 points or -0.85%
• Asian stock markets are open today. The Nikkei Index of the Tokyo Stock Exchange opened at 38,066.31 points, down 43.91 points or -0.12%, the Hang Seng Index of the Hong Kong Stock Exchange opened at 17,663.80 points, down 134.93 points or -0.76%, and Index -Information Shanghai Composite. The China Stock Exchange opened at this level 2,850.88 points, a decrease of 4.64 points or -0.16%.
• The Thai stock market recently (August 26) closed at 1,364.81 points, an increase of 9.94 points (+0.73%), trading value 47,366.55 million baht.
• Foreign investors bought a net amount of 466.21 million baht (August 26)
• The price of WTI crude oil for October delivery (August 26) rose $2.59 or 3.5% to close at $77.42/barrel.
• The Singapore market’s refining margin last closed (August 26) was $1.48/barrel.
• The baht opened at 33.99, heading lower. Track Thai export numbers – US economic data
• The “Ministry of Finance” is confident that the impact of the floods will not be the same as in 2011. Prepare to talk to banks. Organize a package to help entrepreneurs and citizens summarize information about major dams. It can hold much more water. Faster harvesting in the entire Bang Rakam area of ​​the Lower Chao Phraya Basin, IEAT orders industrial estates across the country to examine the readiness of dams for housing developments to prepare for liquidity for reduced sales. “Tourism” plans to issue flood relief measures
• The Ministry of Finance moves forward with debt haircuts to help people, preparing to contact commercial banks to consider, focusing on debtors who have many creditors. NESDB recommends a haircut for certain groups that are concerned about the problems of Moral Risk banks loan tightening.
• “BOI” is preparing to present an aggressive investment plan to the new government. “Semiconductor-Battery” proposes to establish a “Semiconductor Board” in the hope of attracting full investment. Indicating that upstream electronics companies will flock to invest in Thailand in the next 1-2 years. “Cloud-Data Center” supports the increase of export value by another 200 billion baht per year, confirming that Thailand is the world leader in hard disk production base.
• AMLO’s Office in cooperation with the SEC Office and the Stock Exchange of Thailand Increase cooperation in the prevention Committing crime related to securities trading Hope to divert and prevent money To break the cycle of economic crimes Encourage more effective law enforcement and cooperation. Hoping to build confidence in the Thai capital market and attract investors.
• NESDB reveals that in the second quarter of this year, the bad debt of Thai households rose higher than during the COVID period, reflecting Thaksin’s proposal to reduce funds sent to FIDF by 50% to reduce household debt to cut You can do it, but you shouldn’t do it in general because it causes problems Moral Hazard You have to be specific to a specific group. Ready to explain loans outside the system through popular apps. It spreads among the new generation.
• Ufu Co., Ltd., the first half of 2024, net profit of 519,312 million baht, an increase of 9.7%, benefiting from tourism creating added value for service industries and consumers, while oil industry group benefiting from rising oil prices.
• “Pichai” indicates that institutional investors Many “banks and insurance” are interested in selling Vayupak investment units. To be open for sale to the public for 1-150 billion baht in late September or early October. Guaranteed minimum yield Indicates that confidence in the Thai stock market is starting to return.

* Special stores today

• PTTEP (Kasikornthai) base price at 174.00 baht, seen as positive after news from the Libyan government announcing the shutdown of oil production. As a result, the price of crude oil has increased by more than +3% along with a strong dividend that will pay an interim dividend of 4.5 baht per share on August 28 from an estimated full year dividend of 9 baht per share, and there are positive factors after the renewal of a concession for the Yadana project has received a letter from the Office of Foreign Assets Control regarding exemption from sanctions from transactions related to the production and development of petroleum in Myanmar.
• TFG (Kingsford) “Buy” IAA Consensus target price 5.20 baht) 2Q24 net profit is 855 million baht, +392% QoQ, +1,143%YoY, supported by high revenue and gross margin It increase according to the price of meat, both chicken and pork prices. At the same time, income from the retail business (Thaifood Fresh Market) accounted for about 37% of the income, growing in line with branch expansion. For the 3Q24 outlook, good profits from the chicken industry are expected to continue based on sales volumes in export markets. Pig industry grows from production expansion in Vietnam At the same time, chicken/pork meat prices are still at a good level. and the cost of raw materials for their construction decreased As for retail stores, there are plans to expand additional branches in 2024 at 450 branches (end of 2Q24 at 364 locations), increasing total revenue this year +15% . 2023 and 2.85 billion less than +18% YoY
• LH (CGS) made a net profit of 1.02 billion baht in 2Q24, which was 19% below our estimate, LH revealed.

that the company will aim to release ready-to-move-in stock that is currently very high or equal to presales of 7-8 months (vs. a historical average of about 3 months). in FY24-25

By Phacharathon Phumikham/Ratchada Kongkhunthian