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12 October 2023
Outlook
Global Sell-Off: The global financial market has become more volatile due to the Dollar index and Bond Yields around the world accelerating due to concerns about the trend of inflation returning to accelerate and the direction of monetary policy that may be tightened for a long time, while the Government Shutdown can be avoided in time. set But it still needs to be followed up in mid-November, resulting in selling pressure in the world stock market, the world bond market and alternative asset groups, except for crude oil prices.
Signs of Market Recovery: In the short term, the global financial market may be highly volatile, but downside risks will begin to be limited if the Dollar index and US Bond Yield stop rising and begin to stabilize. If the Fed begins to change its tone from tight to more relaxed, there is a chance that both indices will be reversed. In addition, the budget of listed companies If it comes out better than expected It will become an important support for recovery.
Strategy
When the stock market is currently resting We recommend dividing accumulated wood gradually into the following stock groups.
Quality Stocks: High-quality stocks with good cash flow, low debt and consistent earnings growth will hold up well in “higher for longer” environments, including interest rate cycles near the peak and at the end of the economic cycle.
Asia (Thailand / Vietnam): If the Dollar Index begins to depreciate, it will support the flow of foreign capital into Asian stocks. Especially the Thai stock market which was under excessive selling pressure. As for Vietnam, growth is expected to continue to improve.
Thematic (AI Boom): We expect the AI trend to continue to grow at a high level in the years ahead due to strong demand and structural factors that continue to support the overall economic growth slowdown.
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Investors should understand the characteristics of the product. Conditions of returns, risks, and additional advice from business operators should be sought before deciding to invest. The fund does not hedge the entire amount against exchange rate risk. Investors may lose or gain from the exchange rate. or receive a refund lower than the initial investment
Ask for more details. and request a prospectus At all Siam Commercial Bank branches or SCB Asset Management Co., Ltd. Tel. 02-777-7777 www.scbam.com
2023-10-12 05:52:53
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