HoonSmart.com>> Finansia Syrus (FSS) expects today’s market trend to fluctuate Sideways to Sideways Up in the range of 1,422-1,435 points, keeping an eye on US September retail sales, China’s GDP figures.
Finansia Syrus Securities (FSS) sees that today (17 Oct. 2023) the SET Index is swinging Sideways to Sideways Up in the range of 1,422-1,435 points, recovering somewhat in the short term from the investment atmosphere. in foreign countries that are beginning to relax somewhat
However, the upside is not expected to be wide as the market is still monitoring the war situation to see if it will spread and become more tense or not. Meanwhile, today there will be important economic numbers gradually announced, especially US retail sales in September.
As for factors in the country as a whole, the market is still waiting to follow the clarity of the criteria for giving and spending the 10,000 baht digital currency policy. The subcommittee will meet on Oct. 19 before going to the main board on Oct. 24 if Using a budget that is significantly lower than previously estimated will cause the market to gradually ease concerns about public debt issues, giving Bond Yield a chance to slow down and be positive for risky assets.
Including the market is in the process of gradually releasing earnings forecasts for the third quarter of 2023, which will affect the movement of individual stocks. It is expected that groups that will continue to fluctuate better than the market include medical, communications, and banks according to the direction. Strong 3rd quarter 2023 profits Meanwhile, groups related to consumption, including retail, food, and tourism, are expected to gradually recover in the next period due to purchasing power that will improve through measures to stimulate the economy, especially purchasing power, which is expected to begin to show results and will gradually come out in the quarter. 4 years 2023-2024
Strategy: Select stocks with strong 3Q2023 earnings momentum and low PER/PBV //Hold for long-term investment after accumulating additional stocks around 1,450+- points.
For the factor to keep an eye on is China’s GDP for the 3rd quarter of 2023 tomorrow. The market is at +4.4% compared to +6.3% in the 2nd quarter of 2023 and +4.5% in the 1st quarter of 2023, while the Chinese official targets GDP growth in 2023 + 5%, up from 3% in 2022. If the figure is higher than expected, it will have a positive impact on commodity prices. and countries that trade with China, stocks that are related to or do business with China, such as export companies. Food and beverage group, electronic group The Thai paper group will also have positive results.
2023-10-17 02:09:58
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