Kanthara recommends holding 5 stocks with strong fundamentals – deep price declines

Mr Kanthara Ladhawan Na Ayutthaya executive committee Financia Cirrus Securities Public Limited or Fixed-satellite service He said on the program “Breaking Market News” said today (January 12, 2024) that the Thai stock market index is still in a period of downward adjustment. It may receive negative comments from airstrikes and missile strikes involving the Houthi rebels. Which affects the rise in crude oil prices, including involvement in the issue of corporate bonds. Italian Thai General Development Company Limited or Information and communications technology This would be a negative sentiment for the stock market as well.

Meanwhile, the Thai stock market is still likely to improve. After adjusting downward successively and supported by various policies of the incoming government such as budget and easy e-receipt measures, this year's GDP numbers are expected to grow more than last year. It is considered that the SET index in 2024 has a great opportunity to rise to test the resistance level at 1520 points.

While the stock market situation during this period still has to depend on foreign investment. The volume of foreign trade affects the rise in stock prices. It is expected that the flow of profits that will come out in the first quarter of 2024 will return will be better, and the announcement of the profits of listed companies for the fourth quarter of 2023 will be a guiding factor for the market during this period.

For investment strategies, it is recommended to “pick up” or find the opportunity to buy stocks whose prices are falling depending on the market. But fundamentals remain strong, led by…InvolvedBank Group Operating results are expected to be good in key areas such as: Kasikorn Bank Public Company Limited or K Bank, Tesco Financial Group Public Company Limited or Tesco And Bangkok Bank Public Company Limited or Bubble

IncludedRetail group Benefit from the framework of increasing consumer confidenceFinance group Taking advantage of economic stimulus and a downward trend in interest rates, e.g Sriswat General Company Limited or blackness AndMuangthai Capital Public Company Limited or MTC In the process of increasing after the price was adjusted down