Stock investment strategy at 4:XNUMX p.m. Brokers tap KTB- NCAP- CPANEL- SAPPE- SIRI- AP- MTC- KTMS

Kasikorn Securities (KSec) views the Thai stock market this afternoon (April 24) as fluctuating within the range of 1,540-1,585 points. The overall market remains pressured by international factors, including the risk of a recession and an increased likelihood of default due to tighter credit conditions reflected in higher provisions set aside by commercial banks.

Meanwhile, US inflation numbers in April have a chance to bounce up after oil prices increase. As a result, the Fed must continue to raise interest rates by another 25bps. in the meeting on 2-3 May and maintain interest rates at 5-5.25% until the end of last year, reducing interest rates by 25-50bps. Meanwhile, there is uncertainty in the election results. of Thailand is also a factor that causes investors to decide to postpone investment for the time being.

Introducing KTB (base price 20.40 baht) 1Q23 profit grew 15% YoY and hit a new record high of 1 billion baht vs. our full year forecast of 3.6 billion baht, while ROE improved to 10% higher. The industry average is 8.5%, but PBV is still trading at 0.6x, below the industry average expectation of 0.65x.

ASL Securities Introducing investment strategies in the afternoon The index fluctuates sideways. Adjust down to focus on the support level of 1,550/1,543 points, which should not be lower than the resistance level of 1,560/1,570 points. Recommend NCAP – CPANEL.

Krungsri Securities It is expected that the SET this afternoon will fluctuate in the range of 1,550-1,565 points. Strategy in a sideways market situation recommends mainly stocks with good fundamentals, especially those that expect the 1Q23 budget to be good, with the top picks this afternoon being SAPPE SIRI and AP.

Global Securities It is stated that the index consolidated by closing the Doji candlestick, but it is still below every EMA line, making it look like it is just a rebound. However, if it breaks the support level of 1,550 points, it will start to enter a downtrend. Support level 1,550 points, resistance level 1,565 points are recommended.
– MTC support level 35.50 baht, resistance level 37.75-40.00 baht, cut loss 35.00 baht, closing price 36.25 baht, back to stand above the moving average at every level with volume supporting and MACD preparing to flip and cut the signal line. If it passes the first resistance at 37.75 baht, there will be resistance next. Going around 40.00 baht
– KTMS support level 4.24 baht, resistance level 4.52-4.70 baht, cut loss 4.20 baht, closing price 4.28 baht, rebounding to make a long green bar with volume starting to twitch and MACD+Slow Sto. sending a buy signal, expecting the price to have a chance to swing up to test the trend. Resistance at 4.52-4.70 baht

Mr. Kitphon Praipaisalkit, Director of Analysis and Strategy Department, UOB Kay Hian Securities (Thailand) said the stock market trend this afternoon It is seen that if the SET index is unable to hold the support level of 1,558 points, there is a chance that it will continue to decline this week into next week, with support at 1,550 points and resistance at 1,565 points.

Stock Exchange Index Closed this morning at 1,558.12 points, down 0.24 points (-0.02%), trading value approximately 19,353 million baht.