Three brokers assess Thai stock market outlook for the afternoon, recommend investment strategies

Macro
โดย thunhoon.com·Read original
Summary · why it matters

Three brokers have assessed the outlook for the Thai stock market this afternoon. Asia Plus Securities expects the index to move sideways, with resistance at 1,645 to 1,648 points and buy-back support at 1,603 and 1,580 to 1,595 points. It noted that Thai exports in June expanded 20.8 percent year-on-year, higher than the market expectation of 15.2 percent. Meanwhile, ASL Securities viewed that the index swung in negative territory this morning in line with overseas markets due to concerns over escalating tensions in the Middle East, pushing WTI crude oil prices above 90 US dollars per barrel and Brent to 100 US dollars per barrel, causing the US 10-year government bond yield to rise to 4.70 percent. Globlex Securities estimated the afternoon index range at 1,630 to 1,645 points. The morning session closed at 1,636.31 points, down 4.72 points or 0.29 percent, with a trading value of 51.203 billion baht.

Impact on stocks 2

Financials · 2 stocks
Asia Plus Group Holdings PCL
ASP
▲ PositiveDemandrelevance

Thai exports in June expanded 20.8% YoY, beating expectations, which is positive for the Thai economy and thus for Asia Plus Securities.

Off-coverage companies 1

ASL Securities Co., Ltd.Private▼ Negative
Geopoliticsrelevance

ASL Securities noted the index fell due to Middle East tensions pushing oil prices higher, which is negative for the Thai market and thus for ASL Securities.