2. The SET’s market cap turns below nominal GDP, which may be a sign of stock accumulation. Since the Nominal GDP value is usually higher than the SET Index’s Market Cap, and when the SET’s Market Cap turns lower than the Nominal GDP, the stock will always increase.
While the latest nominal GDP value is at 18.00 trillion baht, which is more than the SET’s Market Cap or the ratio between the SET’s Market Cap compared to
The value of nominal GDP is 0.99 times, so there is a high probability that the return of the SET Index will be positive in the next period. While considering the average of such proportions from 2014 to the present, it is 1.05 times, which if hit as an index, there will be an additional upside of about 5% or 1540 points.
Therefore, the research department expects that the SET Index will have fundamental support and resistance levels at 1480-1540 points, making the current index at 1479 points a point to find more stocks to accumulate.
by recommending “spring-stuck stocks” to accumulate more, expecting a quick turnaround. that have met the following conditions:
1. It is a basic stock that is short-sold > 5% of the trading value. from the election period to the present
2. Yesterday’s share price rebounded back up. Got the following results:
Spring stocks (basic stocks have been shorted a lot and the price has started to recover)
Source: Bloomberg, Research Division, Asia Plus Securities
Remark : Some stock information belongs to -R
2023-07-01 07:16:00
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