The Israeli war began on October 7 and has continued to escalate to this day. Although its impact on Thai stocks is limited, last week the stock market came under pressure due to several negative factors, including the results of the recent Federal Reserve meeting. And the global economic situation and this makes stocks popular like SET100 last week. There were several stocks that declined, with the top 10 stocks falling the most.
1.JMT JMT Public Network Services Co., Ltd In one week, the price is down -22.45%, while the price as of Oct 13, 2023 closed at 38.00 baht (remaining 46.21% up from the target price of 55.56 baht), and the 52-week high/low was 71.25 / 32.50 baht, value P/E 28.46 times, market capitalization 55,470.10 million baht, price return YTD 2023 is -44.93%, PE ratio YTD 2023 is 2.84%.
One stock in the entire J Family group fell. We expect to be concerned about the Fed holding interest rates this time. There will be an increase in the next round. Including expectations that the third quarter budget of 2023 may be lower than expected, so investors are concerned and a sell-off may occur. Jaymart Group Holdings executives see the distressed debt industry as still bright.
2. Sabai Sabai Technology General Co., Ltd In one week, the price fell by -12.98%, while the price as of October 13, 2023 closed at 5.70 baht (no target price), the 52-week high/low was 14.30/5.70 baht, and the P/E was 7.37 times. , market capitalization 10,561.16 million baht, price return since the beginning of 2023 is -49.56%, dividend yield since the beginning of 2023 is 2.69%.
Latest Movement Advance Information Technology Public Company Limited or AIT SET has informed that Turnkey Public Company Limited Communication Services or TKC has purchased ordinary shares of SABUY, Ms. Sasinetra Phaholyothin, Mr. Sina Ounthornphan, Ms. Sinanang Oontornphan, Ms. Netnaphis Oontornphan, and Mr. Chukiat Rujan . Pornpajee owns a total of 357.13 million shares, representing 24.95%, making TKC currently the majority shareholder in the company.
3.JMART Jaymart Group Holdings Public Company Limited In one week, the price is down -9.09%, while as of Oct 13, 2023 the price closed at 21.00 baht (still 18.48% up from the target price of 24.88 baht), and the 52-week high/low was 48.25. / 13.10 baht, P/E 174.50 times, market cap 30,610.13 million baht, price return since the beginning of 2023 -48.47%, earnings yield since the beginning of 2023 5.27%.
Management sees an opportunity to turn around operating results in the second half of the year. The growth of the company’s operating results in 2024 is expected to be very bright. From efforts to adjust business strategies within the group to obtain better performance than in the past. Emphasizing that the second quarter of 2023 is the lowest point of this year.
4.AAV Asia Aviation General Co., Ltd In one week, the price fell by -8.80%, while the price as of October 13, 2023 closed at 2.28 baht (remaining 56.14% up from the target price of 3.56 baht), which is the highest/lowest price of the past 52 weeks. was 3.30 / 2.26 baht, P/EN/A equal, market cap 27,734.57 million baht, price yield YTD 2023 is -25.49%, dividend yield YTD 2023 is not available.
Brokers expect profits to return as of the third quarter/66 after the tourism sector recovers, and that profits for the fourth quarter/66 will reach their peak as a result of the positive results of the Thai tourist season. A free visa for Chinese tourists is expected to take effect from October. This year, it is expected to help turn this year into a profit of 1 billion baht.
5.SNNP Srinanaporn Marketing Public Company Limited In one week, the price fell by -8.10%, while the price as of October 13, 2023 closed at 19.30 baht (remaining 35.80% up from the target price of 26.21 baht), which is the highest/lowest price of the past 52 weeks. It was 27.25/17.60 baht, P/E 30.62 times, market cap 18,528.00 million baht, price return YTD 2023 is -3.98%, Earnings Yield YTD 2023 is 2.12%.
Yuanta Securities (Thailand) said it expects Q3/66 earnings to set a new high for Q5 at 160 million baht (+2.4% QoQ, +12.9% YoY), but still considers it a new high and expects Net earnings reach new high The new high has been extended to Q4/22 due to seasonal results and GPM which continues to expand, thus maintaining a positive outlook on SNNP’s earnings outlook.
6.SJWD SCG JWD General Logistics Company Limited In one week, the price is down -7.64%, while the price as of October 13, 2023 closed at 13.30 baht (remaining 48.72% up from target price) 19.78 baht), 52-week high/low is 22.60 / 13.10 baht, value Price to earnings 41.17 times, market capitalization 24,086.57 million baht, price return YTD 2023 is -36.06%, earnings yield YTD 66 is 3.30%
The brokerage company stated that although the second quarter of 2023 will make the earnings trend in 2023 unsatisfactory compared to the market level expected from the first phase of the merger between JWD and SCGL, the recovery trend is clear in the second half of 2023 and increasing profits will help… New investments in the fourth quarter of 2023 will revive interest in the company’s investments. The earnings trend is expected to rise in the third quarter of 2023.
7.CPF Charoen Pokvand Food General Co., Ltd In one week, the price is down -6.86%, while the price as of Oct 13, 2023 closed at 19.00 baht (still 17.05% up from the target price of 22.24 baht), and the 52-week high/low was 25.50. / 18.30 baht, P/E 46.04 times, market capitalization 163,613.61 million baht, price return since the beginning of 2023 -23.39%, earnings yield since the beginning of 2023 4.02%.
The brokerage expects this trend in the fourth quarter of 2023. The positive factor seen is that the cost of raising animals has weakened and will start showing some benefits. But what is worrying is the prices of pigs at the beginning of the month. October has weakened to 60 baht/kg. We have to wait and see whether at the end of the year there will be economic stimulus and the entry into the peak tourism season that will increase consumer demand. how much?
8.NEX Next Point General Company Limited In one week, the price is down -6.31%, while the price as of Oct 13, 2023 closed at 10.40 baht (remaining 50.67% up from the target price of 15.67 baht), which is a 52-week high/low. The period is 20.00/8.70 baht, the P/E is 25.18 times, the market cap is 21,027.00 million baht, the price return YTD 2023 is -43.17%, the Earnings Yield YTD 2023 is not available.
Executives indicate that in the second half of the year, NEX will move forward with its plans to produce electric vehicles. Including electric pickup trucks, electric trucks, electric trucks, electric garbage trucks, etc. Because it is believed that the trend of this year’s electric vehicle market will continue to grow continuously, the company plans to deliver commercial electric vehicles. Both in the EV Mimi Bus and EV Truck segments.
9. CHG Chularat General Hospital Company Limited In one week, the price fell by -5.45%, while the price as of October 13, 2023 closed at 3.12 baht (remaining 12.50% up from the target price of 3.51 baht), which is the highest/lowest price in the past 52 baht. Weeks 4.04 / 2.68 baht, P/E 34.66 times, market cap 34,320.00 million baht, price return YTD 2023 is -15.22%, Earnings Yield YTD 2023 is 5.13%.
Krungsri Securities expects 3Q23 net profit of 243 million baht, an increase of 18% q-o-q as a result of supporting the increasing number of patients in the country following the spread of various diseases such as dengue, influenza and hand, foot and mouth fever in the country. children.
10. BAM Asset Management Bangkok General Trading Company Limited In one week, the price is down -5.39%, while the price as of October 13, 2023 closed at 9.65 baht (remaining 38.03% up from the target price of 13.32 baht), which is the highest/lowest price of the past 52 weeks. is 16.60/9.45 baht, P/E is 13.72 times, market capitalization is 31,189.21 million baht, price return since the beginning of 2023 is -38.92%, earnings yield since the beginning of 2023 is 5.70%.
The Bank of Morocco has succeeded in issuing bonds. The company set a target of just 4,000 million baht for the bond offering, with oversubscription exceeding the target by more than 1.5 times, prompting the company to increase the value of the bond offering to 4,800 million baht.
However, we must pursue the question of how long the war in the Middle East will continue. Will the Thai stock market be affected more or not?