#ศาสตร์เกษตรดินปุ๋ย : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.
Second-quarter results could influence SET Index direction
Jul 17. 2020
By The Nation
The Stock Exchange of Thailand (SET) Index rose by 6.80 points, or 0.50 per cent, to 1,354.66 in the morning session on Friday (July 17).
A stock analyst at Krungsri Securities expected the index to fall to 1,340 before rebounding due to a lack of new positive sentiments to stimulate investment.
“The index is still under pressure from tensions between the US and China after the US imposed visa restrictions on Chinese technology company employees, citing that these companies supported the Chinese government in abusing human rights,” the analyst said.
“Also, the US number of initial jobless claims at over 1 million positions would pressure the index.”
However, the analyst said that the index would rebound from mass buy-offs in shares whose second-quarter performance would improve.
“We advise investors to follow banks and financial institutions’ second-quarter performance announcements,” the analyst added. “We expect banks and financial institutions’ second-quarter performance to drop, both quarter on quarter and year on year.”
He recommended that investors buy:
▪︎ Food and electronic stocks that benefit from the weakening baht, such as TU, CPF, GFPT, TFG, ASIAN, KCE, DELTA, HANA and SVI.
▪︎ Stocks whose second-quarter performance will improve, such as TOP, PTTGC, SPRC, SCC, BGRIM, CKP, CPF, TU, TASCO, STA, STGT, SPALI, PRM, PTL, AJ, STARK, CBG and TQM.
The SET Index closed at 1,348 on Thursday (July 16), down six points or 0.48 per cent. The volume of total transactions was Bt47.8 billion.
The index fell in response to the decline in foreign stock markets due to tensions between the US and China after US President Donald Trump signed a sanctions bill on China and an executive order to end Hong Kong’s special status. Meanwhile, China announced it would impose sanctions on US organisations and personnel as well.
Net sales in stocks by foreign investors amounted to Bt1.979 billion, while net buys in bonds amounted to Bt3.566 billion. There were 2,039 net long Thailand Futures Exchange contracts.
SootinClaimon.Com 