Mr. Chayut Xiwangkun Assistant Director of the Securities Analysis Department Krungsri Securities Public Company Limited Revealed on the program “Breaking Market News” today (January 3, 2024) the Thai stock market is showing signs of volatility. After yesterday there was an improvement. But turnover is still light at only 40 billion baht. Which is considered at a very low level and shows opposite characteristics between the bullish index and the various stocks. Those that appeared yesterday were considered secondary, such as the travel and electronics group. Thus, the support indicator is 1,425 points and the resistance is 1,440 points.
Although the hotel sector has not improved, we maintain our short-term recommendation of 'speculative buy', which will benefit from the government's announced visa exemption measures which will lead to more investors coming from China. It is a result of communication links. For investment, the workers employed are often Chinese due to the language factor. This has not yet affected domestic workers. Because it is a tourist visa
While prices of energy, banks and IT groups remained stable. Therefore, when money is flowing, it is recommended to play “Bounce” only on stocks that have fallen severely.
Recommended investment strategies are “speculative buying” in companies that expect their financial statements to improve in the future, such as power plants that were affected by the decline in the price of crude oil by about $2, which is Gulf Energy Development General Company Limited or Gulf AndCK POWER GENERAL LIMITED or CKP
The groups that the market likes after the above factors occur are: Global Power Synergy Public Company Limited or GBSC AndB Grimm Power Public Company Limited or With a fine Looking at the stock itself, GULF has lower price volatility than both GPSC and BGRIM.
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