3 Brokerages Reveal 25 Outstanding Stocks for June 2024 Focus on Themes Growing Profits – Fund Flow Target – Defensive Stocks
3 Brokers Reveal 25 Outstanding Stocks in June 2024 Growing Profits – Being a Fund Flow Target – Defensive Group – Imported Stocks in SET50 – SET100 Calculations Recommend investment strategies including stocks where price is still lagging.
“Trinity” views Thai stocks in June as volatile due to the country's political factors. Recommend keeping index at 1,340-1,350 points.
“Trinity” sees stocks in June likely to change from domestic political factors. Recommend holding stocks that are gradually accumulating in index area of 1340-1350 points and pick stocks from 3 stocks worth investing. To prevent fluctuations that may occur during the month.
CGSI cut Thailand stock target to 1,480 points as political uncertainty puts pressure on the economy. – Financial outflows
After 3 critical cases requiring close monitoring, CGSI lowered its year-end target for the Thai stock index from 1,560 points to 1,480 points due to political uncertainty. This is feared to undermine the economic recovery, cause political turmoil and cause foreign capital outflows. Meanwhile, measures to support both recovery of LTF funds and reduction of policy interest rates should be pursued.
SINGER is confident that SG Finance+ will perform better than expected – not a huge reserve.
Singer hopes to achieve breakthrough results in 2024 Emphasizing business fundamentals and strong financial position No large reserves, SG Finance+ highlights mobile loans Performance shows better-than-expected results, creating an S-curve to support growth. It reiterates its readiness to repay 2,000 million baht in bonds after the bailout expires this September.
UMI announces turnaround this year After branching out into the beauty business, it launched 2 facial skin care products in collaboration with Chula.
UMI is hoping for a turnaround this year. After branching out into the beauty business to embrace the strong growth trend, we recently joined hands with Chulalongkorn University's Faculty of Pharmacy to launch 2 innovative research products for facial skin care. A sales target of 100 million baht in the second half of the year.
SEC extends deadline for submission of applications to renew authorization for capital markets personnel.
The SEC is extending the deadline for submitting requests to renew employee approvals to September 1 — the last business day of the year. To increase flexibility and facilitate business operators and employees in submitting such applications. Including opening for submission through ORAP system effective September 1, 2024.
SEC Updates Conditions for Issuance of Digital Tokens Regarding Sustainability Effective June 1, 2024
The Securities and Exchange Commission (SEC) has revised the criteria for issuing digital tokens related to sustainability. To publish sustainability information adequate for investment decisions and in line with international standards. It comes into effect from June 1, 2024.
CRC hopes to grow this year's total revenue by 8-9% as a target, gaining tourism support in the second half of the year and opening 15 branches in Thailand and Vietnam.
CRC maintains its total revenue growth target of 8-9% this year. In the first half of the year from tourism support support, a large branch opened, Thai Watsatu expanded to 8 branches, GO Wholesale in Thailand expanded to 4 branches, and Go Mall expanded to 3 branches in Vietnam.
ASIA closes the job! The first sale of bonds worth 480 million baht is overflowing – taking up additional green shares.
ASIA is pleased with 300 million baht bonds, 2 years tenure, 7% interest from 27 to 29 May 2024. Big investors flocked to buy them all, overflowing with oversubscriptions. Prepare to sell an additional 180 million baht to become a leader in the green shoe segment and repay a loan amount worth 480 million baht from financial institutions, the rest being used as revolving funds. Move forward to create more value for your business. This year's revenue target is expected to grow by 20%.
“Maguro Group (MAGURO)” has a good time to enter trading on June 5 – the brokerage firm has set a maximum target of 25 baht/share.
“MAGURO GROUP PUBLIC COMPANY LIMITED (MAGURO)” shares will be a big lot for a group of 3 institutional investors on the first day of June 5, according to underwriters. Brokers have given a target price of 21.40-25.00 baht/share, management plans to use the raised funds to expand new branches – already Use it to improve branches and central kitchen.
BKD has closed the contract for decoration works for 2 AWC luxury hotels worth 450 million baht, sneaking in bids for a lot of work. Support a strong financial position
BKD has successfully completed the furnishing of 2 luxury hotels in the AWC Group, valued at 450 million baht, and several bids are lined up for the entire hotel group. – The hospital group reported a strong financial position with cash to support business expansion at a D/E of only 0.39 times, saving 920 million baht in outstanding balances.
AOT discusses transport, accepts 25 regional airports to manage instead of airport sector The study is expected to be completed in 6 months.
The AOT discusses transport and prepares a plan to manage 25 regional airports instead of the maritime sector. The study is expected to be completed within 6 months with the aim of setting up a subsidiary company to manage it, initially 6 airports were identified as having commercial potential. Ready to ensure that there will be no impact on operating results – investment in each airport requires no additional investment.
GRAMMY sells 10% GMM Music stake to Tencent Music for 2,570 million baht – cash and gets 30% JOOX stake
GRAMMY also received 2,570 million baht worth of GMM Music's sale of 80 million shares to China's Tencent Music Group, as well as 918 million baht in online music platform shares in cash and JOOX shares expected to close this quarter.
Van Asset Management launches Thailand's first Bitcoin ETF fund and offers it for sale from May 31 to June 6.
Wan Asset Management responds to global standards by launching Thailand's first Bitcoin ETF after Spot Bitcoin ETF undergoes scrutiny from international regulators in the US and Hong Kong. Be confident in carefully selected ETF investment units from 11 large, world-leading funds. To guarantee liquidity and confidence in the safety of currency deposits that meet international standards. Ready to open for fund sale ONE-BTCETFOF-UI today till 6 June 2024
Kasicorn Asset Management KGSTEPA Fund is pleased to sell more than 4,000 million baht and is preparing to launch a new guaranteed fund for sale soon.
Kasicorn Asset Management expects to be able to raise investments of 4,072 million baht from the start of 2024 due to the large number of investors showing interest in the KGSTEPA fund, which will soon be offered for sale.
BAY cuts Thailand economic target to 2.4% growth this year after weak exports and private investment, BoT expects to cut budget for the rest of the year.
Thailand cut its forecast for economic growth to 2.4% this year from 2.7% after exports weakened due to structural problems in the manufacturing sector. and pressure from geopolitical issues Meanwhile, private investment remains weak due to a slowdown in government investment, with the BoT expected to maintain policy interest rates throughout the year.
Ministry of Finance releases measures to promote tourism to secondary cities in low season. Tax-deductible expenses must not exceed 15,000 baht.
The Ministry of Finance has approved measures to promote tourism in secondary cities in the low season The entire legal entity committee for the seminar and the general public tax-exempt expenses must not exceed 15,000 baht.
Prime Minister orders treasury probe Entertainment complex expects revenue of no less than 120 billion baht in first year
The Prime Minister directs the Ministry of Finance to establish a full-service entertainment venue or entertainment complex expected to generate revenue in the first year from zero to not less than 120,000 million baht.
The cabinet has approved additional budget expenditures for 2024, totaling 122,000 million baht, to be used for the digital wallet project.
The cabinet has given the green light for additional budget spending for fiscal year 2024, which is 122,000 million baht in the federal budget for use in the digital wallet project in September. In the first phase, welfare cardholders will be given rights first.
Source: E-Finance Thai News Agency
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