Krungsri Securities (KSS) revealed via the “Kaohoon Jor Talad” program on 29 May 2024 that the Thai stock market would be pressured by the increase in US bond yield to 4.55% and better-than-expected consumer confidence. This led to an expectation that the US Federal Reserve would not cut interest rates in the near future.
The Thai market was expected to be more active later in the week following the announcement of economic data on Friday, including China’s PMI and PCE figures from the US.
As for investment strategy, the analyst recommended investing in specific stocks, such as MINT, which would benefit from the visa waiver for 93 countries and an increased number of travelers in Europe to attend the UEFA Euro 2024 in mid-June. KSS gave a ‘BUY’ recommendation for MINT, with a base price of THB 42 per share.
In addition, STA would also benefit from the deployment of EUDR regulations. The firm gave a ‘BUY’ recommendation for STA, with a base price of THB 20.40 per share.
