Maybank Securities Thailand (MST) expects Thailand’s SET Index to rebound within the range of 1350-1370 points on Tuesday, as external pressures diminish following the stabilization of U.S. Bond Yields. Additionally, China’s import/export figures for December have exceeded expectations, contributing positively to the market outlook.
Domestically, sentiment is anticipated to improve, driven by future government initiatives. Today’s stock picks include TRUE and SKY.
On the local front, investors are likely to focus on Mr. Thaksin’s insights during the “Chat with Tony” event on Monday evening hosted by Kaohoon Turakij. Key takeaways and potentially beneficial stocks from the discussion are as follows:
1) Restoring Confidence in the Capital Market: Emphasizing fairness and efficient problem-solving mechanisms.
2) Promoting Investment in New Industries: Target sectors include Data Centers, AI, Semiconductors, Entertainment Complexes, and Biotechnology, which are favorable for industrial estates like WHA, AMATA, and corporations such as GULF, BTS, VGI, and MEDEZE.
3) Advancing New Platforms: Supporting financial transactions beneficial to the economy, like Bitcoin, Carbon Credits, and Virtual Banks, positively impacting firms like BBIK and DITTO.
4) Tourism Sector Initiatives: Enhancing tourist safety with AI-enabled CCTV installation in Bangkok and tourist provinces, thought to benefit SKY.
5) 20-Baht Electric Train Project: Infrastructure Fund expected to complete by October, viewed positively for BTS and STEC.
6) Reviving LTF Funds and Encouraging Stock Buybacks: Given attractive valuations.
The overall sentiment from this event is expected to support a recovery in the domestic stock market today. Meanwhile, external pressures have eased as U.S. markets begin to rebound following a slowdown in the rise of U.S. Bond Yields, pending reports on the PPI and CPI indices for December.
