Post by account_disabled on Dec 25, 2023 3:56:25 GMT
TISCO Securities expects the Thai stock index may rise only limited. Because it's close to the year-end target of 1,370 points, we recommend choosing individual stocks for short-term trading. Ready to set the target for Thai stocks in 2021 at 1,500 points. Supporting factors from analysts are the opportunity to adjust profit targets for additional listed companies, but foreign capital may not flow into Thailand continuously. Because politics in the country is still protracted, Mr. Apichart Phubanjerdkul Senior Director Strategic Analysis Division TISCO Securities Co., Ltd. (Mr. Apichat Poobunjirdkul, Senior Strategist, TISCO Securities Co., Ltd) revealed that from a survey of Thai listed companies' (Ltd.) operating results for the 3rd quarter of 2020, it was found that listed companies had net profits.
The total amount was 147 billion baht, a decrease of up to 31% compared to the same period last year. Because it was affected by COVID-19, it is considered to have recovered continuously by 23% compared to Telegram Number Data the previous quarter. Most economic activities have returned to normal. After the government controlled the outbreak well, the lockdown was relaxed. and continuously issuing measures to stimulate the economy. If comparing the announced net profits for the 3rd quarter of 2020 with the market estimates of 166 companies, the operating results of listed companies were 6% better than expected, with the proportion of companies having better-than-expected budgets at 52%. The budget came out as expected at 20% and worse than expected at 28%, with most of the 3rd quarter 2020 budget coming out better than expected. And the latest trend of cutting profit estimates for the overall market has begun to stabilize. Therefore, it is estimated that in the future market analysts have the opportunity.
Profit estimates for listed companies from 3 positive factors: 1. Thai GDP numbers in the 3rd quarter of 2020 contracted only 6.4% compared to the previous year. which is considered better than TISCO Securities expects it to be negative 10% and better than the market's expectation of negative 8.8%, respectively, along with export signals improving from the recovery of world trade. It is expected that the market will gradually adjust its economic numbers estimates. 2. Clarity of the US election results in which "Biden" wins the election as estimated. With a more conciliatory foreign policy than "Trump" it should be good for trade and the world economy. And 3. Hopes of vaccines that are closer to reality, both Pfizer and Moderna, if approved.
The total amount was 147 billion baht, a decrease of up to 31% compared to the same period last year. Because it was affected by COVID-19, it is considered to have recovered continuously by 23% compared to Telegram Number Data the previous quarter. Most economic activities have returned to normal. After the government controlled the outbreak well, the lockdown was relaxed. and continuously issuing measures to stimulate the economy. If comparing the announced net profits for the 3rd quarter of 2020 with the market estimates of 166 companies, the operating results of listed companies were 6% better than expected, with the proportion of companies having better-than-expected budgets at 52%. The budget came out as expected at 20% and worse than expected at 28%, with most of the 3rd quarter 2020 budget coming out better than expected. And the latest trend of cutting profit estimates for the overall market has begun to stabilize. Therefore, it is estimated that in the future market analysts have the opportunity.
Profit estimates for listed companies from 3 positive factors: 1. Thai GDP numbers in the 3rd quarter of 2020 contracted only 6.4% compared to the previous year. which is considered better than TISCO Securities expects it to be negative 10% and better than the market's expectation of negative 8.8%, respectively, along with export signals improving from the recovery of world trade. It is expected that the market will gradually adjust its economic numbers estimates. 2. Clarity of the US election results in which "Biden" wins the election as estimated. With a more conciliatory foreign policy than "Trump" it should be good for trade and the world economy. And 3. Hopes of vaccines that are closer to reality, both Pfizer and Moderna, if approved.