Thai stocks in the afternoon, analysts give a range of 1,635 - 1,660 points.

Kasikorn Securities Company There is a view on the Thai stock market this afternoon (29 Dec.) expected to fluctuate in the range of 1,640 -1,650 points+-. It is believed that the market will It is difficult to rest and adjust further. Due to responding to positive news throughout the week The matter of China has opened up the country a lot.

In the short term, the issues that the market is expected to choose to give weight to are specific factors, such as following whether the authorities are holding New Year's events. Many government agencies have begun to refrain from holding festive activities or countdowns, estimating them as negative sentiment towards media and retail groups.

It is estimated that investors are starting to look towards 2023 and are still optimistic about the Thai stock market. The SET Index target is estimated at 1,757 points based on EPS for 2567 at 113 baht and a PER of 15.55 times (-0.5SD). Positive factors supporting the Thai stock market are: 1. The Fed is expected to delay interest rate increases in 1H23. 2. China has begun to relax its cattle policy. Zero faster than expected 3. Election Rally supports consumption sentiment 4. Expected energy prices and food will decrease in 2023 5. The baht strengthens. The negative factors are the global economic recession and geopolitical risks.

Mr. Weerawat Wirojpoka, Director of Securities Analysis Department, Finansia Syrus Securities. Said that the Thai stock market in the afternoon could continue to fluctuate in positive territory. But looking at the increase, it is still quite within a limited range. The resistance level is 1,655-1,660 points and the support level is 1,635-1,640 points.

Stock Exchange Index Closed this morning at 1,651.71 points, an increase of 4.43 points (+0.27%), trading value approximately 20,743 million baht.