Ms. Wilasinee Bunmasungsong, director of research at Global Blake Securities (GLOBLEX), assessed the direction of the Thai stock market this week. The market remained volatile in the range of 1,500-1,550 points, with positive factors supporting the market. For example, the Ministry of Commerce reported January inflation -0.34% YoY, which was somewhat affected by the coronavirus outbreak. As a result, the spending and production sectors slowed, but inflation + 0.09% MoM. Febuary continues to shrink But began to see signs of improvement
In addition, Thailand has confirmed an order for 2 million doses of Sinovac vaccines. The first lot will be sent in February, while the infectious disease board knocked out 63 million doses of the COVID-19 vaccine distribution plan within the year 64. Finally, the government moves 40 billion baht in recovery loans to pay remedies. We love each other, and have a plan to draw up a loan for the economic recovery That has been approved but has not been returned Stock up on the uncertain COVID situation
While domestic factors Investors are also closely following the announcement of the statements of listed companies (listed companies), which will gradually submit their financial statements for the year 2020 within March 1.
On February 9, there was a Cabinet meeting (Cabinet) and the US will release numbers of job openings and labor turnover rates in December.
On Feb. 10, China released the January consumer price index (CPI) and the producer price index (PPI) of January, the US will release January inflation. And stock inventory in the wholesale sector.
Feb. 11, the US released weekly number of unemployment claims.
On February 12, the UK released the December trade balance, the fourth quarter of 2020 economic growth (GDP) and the industrial production in December. The United States released a consumer confidence index for February.
On February 15, the National Economic and Social Development Council (NESDB) released GDP figures for the fourth quarter of 2020.
On February 16-19, the opposition opens a debate, does not trust each minister individually, before voting 20 Feb.
On March 1, the last day, the company sends the budget of the year ’20 in case of not sending Q4 (can be sent within 2 March before the morning market opening)
Therefore, the strategy department Therefore, we recommend investing in stocks that benefit from the US President Joe Biden’s policy, namely BGRIM-GPSC-EA- RATCH-BCPG and stocks that are expected to improve performance in the refinery and power plant groups, namely PTTGC- SPRC-TOP-BGRIM-BCP-IRP
As for the investment direction in gold, Mr. Nattawut Wongyawarak The director of research at Globleck Securities believes that gold has a chance to rebound, but if it doesn’t pass the resistance at $ 1,830-1,850 / ounce, watch out for sales force. This is because US 10 yields remained stable near 1.15%, a pressure factor. However, the number of COVID followers worldwide continues to increase and the Fed continues to increase its balance sheet size, supporting gold prices. We estimate support at $ 1,765-1,780 / oz.
– .
