Thai stocks today Analysts expect a sideways swing of 1,675-1,690 points, keeping an eye on the MPC meeting and hoping to review GDP.

Mr. Apichart Phobunjerdkul Director of Securities Analysis Division, TISCO Securities Have an outlook on the Thai stock market today (25 Jan.) expecting a sideways-sidedown swing. Give a support frame of 1,670-1,677 points and a resistance level of 1,690-1,695 points.

The Thai stock market responded to Thai export numbers worse than the market expected. Thai exports in December 2565 decreased by 14.6%, while the market expected a decrease of 11%, which was mainly due to the economic slowdown of trading partners. As a result, investors are worried that the Thai economic expansion may not be as expected.

Meanwhile, yesterday (24 Jan.) the operating results of SCG Packaging Public Company Limited (SCGP) came out much worse than expected. Continuing with commercial bank stocks and today the Siam Cement Public Company Limited (SCC) stocks will have a budget announcement as well. Makes investors be more careful in investing

Finansia Cyrus Securities expects SET Index oscillates sideways in the range of 1,675-1,690 points without new factors stimulating. The US stock market has started to cool down after rising well over the previous 2 days, with mixed company operating results. The market is still evaluating recession risks from the latest economic numbers announced, PMI in January. The Eurozone and the United States are starting to recover somewhat, but the situation still needs to be monitored in the following months.

The domestic factor that needs to be followed today is the MPC meeting. It is expected that interest rates will be raised another 0.25% to 1.50% and it remains to be seen whether there will be adjustments to economic estimates, especially the number of tourists, after China opens the country. Including sending signals about the direction of interest rates in the next period after the baht strengthened quickly in the past 3 months.

In terms of operating results, listed companies in the manufacturing sector will be gradually announced, starting with large stocks. before coming out densely in mid-February. Overall, it is expected to grow qq, mainly driven by the energy group.

Including the Domestic/Reopening group that is recovering according to the economic picture Therefore, we view the period of rest as an opportunity to gradually accumulate. In the short term, focus on speculating on stocks that expect a strong 4Q22 budget.