Post by account_disabled on Dec 27, 2023 20:35:48 GMT
Globelex Securities sees the Thai stock market as suffering again. After the coronavirus strain Bird flu outbreak again Pressure on confidence and the world economy Recently, several research institutes in Thailand cut GDP in rows after tourism collapsed. and the drought was more severe than the previous year. Plus the political situation is unstable. Therefore, the index range is 1,485-1,525 points, suggesting strategies for investing in stocks that benefit from the weak baht. and the spread of the coronavirus-bird flu, highlight TU- CPF - TFG. As for the direction of gold prices, it is expected to move in the range of 1,565-1,605 dollars after investors flock to buy gold, which is a safe product. The research department of Globallex Securities Co., Ltd. or GBS assesses the direction of the Thai stock market with a chance of falling. Due to concerns about the spread of the new strain of coronavirus and the spread of H5N1 bird flu in Hunan Province, China. which may affect the world economy Recently, many research agencies have lowered their GDP forecasts for 2020, which is affected by the slowdown in tourism. Including the drought situation this year which is more severe than last year. In addition, the International Monetary Fund (IMF) lowered its forecast. The global economy in 2020 decreased to 3.3% from the previous 3.4% due to the impact of the trade war between the United States and China. Overall picture of the weak economy of emerging countries like India. Meanwhile, in China, profits of large industrial companies fell 6.3% in December year-on-year. For the whole of 2019, industrial profits fell 3.3% year-on-year. which decreased more than during The first 11 months of 2019 decreased only 2.1%. In addition, the situation in the country Especially the political situation in which opposition parties have submitted individual no-confidence motions. It targets the Prime Minister and five other ministers, which affects investment confidence in the short term. Therefore giving a framework for the movement.
of the index at the level of 1,485-1,525 points. In addition, we still need to keep an eye on the export situation reports from the Thai Shipping Council (Exporters Council) and the Thai Capital Market Business Council. Announcing the results of the investor confidence index survey and updating the investment situation today and February 5th, following the Monetary Policy Committee meeting No. 1/2020 regarding the policy interest rate. Along with the meeting of the joint committee of 3 private sector institutes (CPF) and China, the Purchasing Managers' Index (PMI) for the service sector was released in January. The EU released its final Purchasing Managers' Index (PMI) for the services sector in January. and the United States reveals private sector employment numbers in January. December trade balance Final Service Sector Purchasing WhatsApp Number List Managers' Index (PMI) for January. Service sector index for January and weekly oil stocks The United States Senate The deadline for voting on the motion to impeach the president is 4:00 AM in Thailand on February 6. While on February 6, the United States released the number of weekly jobless claims, and on February 7, Japan revealed household spending in December. Leading Economic Index for December Including China revealing export, import, and trade balance in January. and foreign exchange reserves in January and the United States revealed figures for non-agricultural employment in January. and wholesale inventory stocks in December Ms. Wilasinee Bunmasungsong,
Research Director of Globelex Securities, added that In terms of the overall picture in the country It should have a positive effect in the short term. The government is preparing to release a large economic stimulus package for tourism. Reducing the excise tax on jet fuel and extending the period for filing corporate income tax for another 3 months, including the baht that has continued to depreciate compared to the beginning of the year, as seen in January. 2020, the average value of the baht is at 30.44 baht per dollar, which has weakened in the past 9 months, which is good for exports in 2020 that have the opportunity to return to expansion. Meanwhile, the People's Bank of China announced an additional cash injection of 900 billion yuan ($129 billion) into the system through reverse repo arrangements to maintain liquidity in the system. Including preparing to take various measures To cope with the impact of the new coronavirus outbreak. It sends a good signal to try to fix this problem. Therefore, recommend an investment strategy for stocks that benefit from the depreciating baht, including TU and CPF, and stocks that benefit from the bird flu epidemic in Hunan Province, including TU, CPF, and TFG. As for the price of gold, Mr. Natthawut Wongyaowarak Director of Research at Globelex Securities said that gold prices this week Movement in the range of 1,565-1,605 dollars or 23,070 - 23,720 baht per gold, supported
of the index at the level of 1,485-1,525 points. In addition, we still need to keep an eye on the export situation reports from the Thai Shipping Council (Exporters Council) and the Thai Capital Market Business Council. Announcing the results of the investor confidence index survey and updating the investment situation today and February 5th, following the Monetary Policy Committee meeting No. 1/2020 regarding the policy interest rate. Along with the meeting of the joint committee of 3 private sector institutes (CPF) and China, the Purchasing Managers' Index (PMI) for the service sector was released in January. The EU released its final Purchasing Managers' Index (PMI) for the services sector in January. and the United States reveals private sector employment numbers in January. December trade balance Final Service Sector Purchasing WhatsApp Number List Managers' Index (PMI) for January. Service sector index for January and weekly oil stocks The United States Senate The deadline for voting on the motion to impeach the president is 4:00 AM in Thailand on February 6. While on February 6, the United States released the number of weekly jobless claims, and on February 7, Japan revealed household spending in December. Leading Economic Index for December Including China revealing export, import, and trade balance in January. and foreign exchange reserves in January and the United States revealed figures for non-agricultural employment in January. and wholesale inventory stocks in December Ms. Wilasinee Bunmasungsong,
Research Director of Globelex Securities, added that In terms of the overall picture in the country It should have a positive effect in the short term. The government is preparing to release a large economic stimulus package for tourism. Reducing the excise tax on jet fuel and extending the period for filing corporate income tax for another 3 months, including the baht that has continued to depreciate compared to the beginning of the year, as seen in January. 2020, the average value of the baht is at 30.44 baht per dollar, which has weakened in the past 9 months, which is good for exports in 2020 that have the opportunity to return to expansion. Meanwhile, the People's Bank of China announced an additional cash injection of 900 billion yuan ($129 billion) into the system through reverse repo arrangements to maintain liquidity in the system. Including preparing to take various measures To cope with the impact of the new coronavirus outbreak. It sends a good signal to try to fix this problem. Therefore, recommend an investment strategy for stocks that benefit from the depreciating baht, including TU and CPF, and stocks that benefit from the bird flu epidemic in Hunan Province, including TU, CPF, and TFG. As for the price of gold, Mr. Natthawut Wongyaowarak Director of Research at Globelex Securities said that gold prices this week Movement in the range of 1,565-1,605 dollars or 23,070 - 23,720 baht per gold, supported