Post by account_disabled on Feb 27, 2024 19:29:10 GMT -8
TISCO Securities expects Thai stocks to recover this year, thanks to 3 supporting factors, indicating that at the end of 64 there is a chance of seeing 1,600 points. TISCO Securities points out that Thai stocks are recovering this year from 3 positive factors, including economic numbers and recovering company profits, accommodative monetary policy and policies supported by Joe Biden. It is expected that at the end of the year we may see the index reach 1,600 points, but in the second half of January. C. May be affected by large IPOs preparing to enter the market, temporarily pulling away liquidity. Mr. Apichat Phubanjerdkul Senior Director Strategic Analysis Division TISCO Securities Co., Ltd. (Mr. Apichat Poobunjirdkul, Senior Strategist, TISCO Securities Co., Ltd) revealed that the impact of COVID-19 caused the Thai stock market to drop 8% last year and move worse than the world stock market (MSCI World Index). ) which has increased by 14% for the view of Thai stocks this year.
TISCO Securities expects that Thai stocks have a chance to recover from last Portugal Phone Number year from 3 positive factors: 1. Recovery of economic figures and profits of listed companies TISCO Securities expects that the Thai economy this year will return to growth of 3.4% from 2021, where the economy is expected to contract by 6.3%. Profit of Thai listed companies in 2021 is expected to recover strongly by 34%, while in 2020 It is expected that profits of Thai listed companies will be negative 38%. The reason why profits increase sharply is from profits in the energy sector. and commercial banking groups Which accounts for half of the overall market profits, which will grow 79% and 25%, respectively, while in 2022, overall profits are expected to grow another 16%, benefiting from the economic situation that is expected to fully recover after a vaccine is available. Especially the tourism sector 2. Monetary policy remains at a very accommodative level compared to the past.
The US Federal Reserve (FED) has adjusted its monetary policy goals. "Average inflation" at 2%, which will allow the FED to relax monetary policy longer than in the past. Both maintaining interest rates at record low levels and continuous injection of liquidity According to estimates, it is expected that the FED will inject additional liquidity this year by at least $1 trillion. and 3. The economic policies of the new US President, Joe Biden, with large spending plans will put pressure on the US dollar. tends to depreciate This is good for the stock market and commodity prices overall. At the same time, Biden's foreign policy is more conciliatory than Trump's. And it's easier to predict the future than Trump. It should be good for the world economy. and help reduce market volatility. However, since the global economic crisis of 2008, the future price-to-earnings ratio (2Y Forward PER) of world stock markets, including the Thai stock market, has decreased.
TISCO Securities expects that Thai stocks have a chance to recover from last Portugal Phone Number year from 3 positive factors: 1. Recovery of economic figures and profits of listed companies TISCO Securities expects that the Thai economy this year will return to growth of 3.4% from 2021, where the economy is expected to contract by 6.3%. Profit of Thai listed companies in 2021 is expected to recover strongly by 34%, while in 2020 It is expected that profits of Thai listed companies will be negative 38%. The reason why profits increase sharply is from profits in the energy sector. and commercial banking groups Which accounts for half of the overall market profits, which will grow 79% and 25%, respectively, while in 2022, overall profits are expected to grow another 16%, benefiting from the economic situation that is expected to fully recover after a vaccine is available. Especially the tourism sector 2. Monetary policy remains at a very accommodative level compared to the past.
The US Federal Reserve (FED) has adjusted its monetary policy goals. "Average inflation" at 2%, which will allow the FED to relax monetary policy longer than in the past. Both maintaining interest rates at record low levels and continuous injection of liquidity According to estimates, it is expected that the FED will inject additional liquidity this year by at least $1 trillion. and 3. The economic policies of the new US President, Joe Biden, with large spending plans will put pressure on the US dollar. tends to depreciate This is good for the stock market and commodity prices overall. At the same time, Biden's foreign policy is more conciliatory than Trump's. And it's easier to predict the future than Trump. It should be good for the world economy. and help reduce market volatility. However, since the global economic crisis of 2008, the future price-to-earnings ratio (2Y Forward PER) of world stock markets, including the Thai stock market, has decreased.