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Mr. Apichat Phobanbanjerdkul Senior Director TISCO Securities Strategic Analysis Division revealed that the Thai stock market this morning is expected to move sideways. Although the index closed below 1,200 points on Friday. Get to the Oversold area, while investors wait to see the results of the US presidential elections Before the next investment calendar, the market is looking at Mr. Joe Biden, the Democratic presidential candidate. There is a chance of winning the election this time. Which, if true, is considered good for the emerging market, but you need to analyze what kind of profit you earn with overwhelming points or not
Asian stock markets this morning were mostly positive. Especially the Japanese stock market AND the Korean stock market After you’ve made a lot of adjustments Also, keep track of the upcoming Global Manufacturing Purchasing Directors Index (PMI). And follow-up to the US elections Including the meeting of the United States Federal Reserve (Fed) that will take place from November 4-5.
Ready to provide support 1,187-1,180 points and resistance 1,205 points.
Investment considerations
- The last New York Stock Exchange (October 30), the Dow Jones Industrial Average closed at 26,501.60, down 157.51 points (-0.59%), the S & P500 closed at 3,269.96, down 40.15 (-1.21%) and the Nasdaq closed at 10,911.59. It decreased 274.00 points (-2.45%)
- Asian stock markets opened today, SSE composite index, Chinese stock market rose 4.19 points, NIKKEI 225 Japan stock market rose 133.61 points, Hong Kong stock market HSI index rose 167.41 points, the TAIEX index the Taiwan stock market rose 18.98 points, the KOSPI index, the South Korean stock market rose. 9.46 points FTSE STI Singapore shares rose 5.14 points FTSE STI Singapore shares fell 1.42 points.
- The Thai stock market closed in last place (October 30, 20) 1,194.95 points, 6.69 points less (-0.56%).
- Foreign investors, net sales of 3,466 million baht as of October 30, 20.
- WTI crude for delivery in December in the Nimex market closed for the last time (October 30, 20) closed at $ 35.79 / barrel, 38 cents less or 1.1 percent.
- Singapore’s benchmark GRM index last closed (October 30, 20) at $ 2.22 / barrel.
- Thai baht opens on 31.19, markets are attentive to US election results: COVID situation marks 31.15-31.25
- 5 large banks send sigma portfolio, debtors remain fragile Default continues to rise. Accelerate to help the entire debtor. “Bangkok Bank” accepts the quality of debts as they deteriorate. Urgently help all customer groups until the crisis passes “Krung Thai” points out weak SME ports Must be on the lookout as “Kasikornbank” emphasizes ability to pay debts Rather than focus on growth under slow economy, “SCB” expects a borrower to support approximately 300 billion baht of the 6.3 billion baht aid program.
- Bank of Thailand (BOT) Releases Credit Trends Survey Results By survey of financial institutions and non-bank credit standards in the business sector in the fourth quarter of this year, it was found that the bank tended to increase caution in loans to the business sector. Especially loans granted to large companies. Financial institutions tend to increase the margin for high-risk clients and tighten the terms of loan contracts. On the other hand, SME lending standards tend to be more stringent, especially for new clients and business groups that require a long payback time.
- “Trade” reveals that the United States cuts the GSP of 231 Thai products after not importing pork with red meat accelerator, as of December 30, 2020, Yan Thailand can still export such products as usual, only subject to taxes. Import more Highlight only 147 products, representing an additional tax of $ 19 million The solution has already been sought to help exporters.
- Somkiat Kimawha, Deputy Director of the Bank of Agriculture and Agricultural Cooperatives (BAAC), revealed that the BAAC Research and Innovation Center predicts the prices of agricultural products in November 2020 with the price trends of agricultural products. The highest price was third grade raw rubber sheet, priced from 54.15 to 56.61 baht / kg, an increase from 4.11% to 8.85 percent from the previous month due to the growing demand for domestic and foreign rubber. While the amount of rubber products on the market has decreased due to labor shortage AND smoked rubber sheets Lack of market because farmers were resold Latex is fresher
* Featured actions today
- CBG (Finansia Syrus) “Buy” target of 148 baht, solid third quarter profit expected of 63, + 3% QQ, + 24% YY of domestic revenue growth and offset foreign markets as gross margin expands . Building on C + Lock’s support and impact on Myanmar’s side of COVID-19 border control issues Observing the impact is limited and only short-term. Expected earnings in 2020-2021 + 35% YY and + 21% YY respectively.
- INTUCH (Krungsri) Target to “buy” 74 baht. First selection of shares. Defensive. Low volatility and income. Pay dividends regularly and give an average annual dividend yield of 4-5%, which is why INTUCH is a target for money rest in market volatility.
- STA (KTB) Strategic target 38 baht STGT’s earnings outlook (STA has 50.75%) is growing in line with the growing demand for rubber gloves, while the price of rubber (rubber sheets) on the market of Tocom has increased. 316 yen / kg or more than 90 baht / kg in higher rubber prices This has a positive effect on rubber and rubber glove companies, while China has measures to support the expansion of automobile production, which results in more orders for rubber. Rubber prices remain promising in the third and fourth quarters.
