Thai stocks in the morning closed up 2.02 points, buying back CPALL- DELTA. Analysts expect a rebound in the afternoon.
Thai stocks, morning session on December 1, closed at 1,382.20 points, up 2.02 points, technical rebound. Received strong buyback of CPALL- DELTA shares, as well as Dollar Index and Bond Yield bounced up in the afternoon, analysts said. Expect to continue rebounding But upside is still limited. Set support at 1,375 points and resistance at 1,390 points, knocking out 6 outstanding stocks.
Stock Exchange of Thailand Index (SET) closed this morning, Dec. 1, at 1,382.20 points, an increase of 2.02 points (+0.15%), trading value 23,046 million baht.
Mr. Narongdet Chanthapaisarn Director of Securities Analysis at AIRA Securities said that the Thai stock market had a technical rebound this morning. After adjusting for several days This came from buying back stocks that had gone down previously, such as CPALL and DELTA, but there were no clear positive factors.
In addition, although the Dow Jones Index improved well last night, Responding to the expectation that the Federal Reserve (Fed) should stop raising interest rates, the Dollar Index and the yield on US government bonds (Us Bond Yield) bounced up, reflecting some awareness of the issue.
Afternoon trend: AIRA Securities sees the market trying to continue to rebound. But upside is limited. Because there are no new factors to support Support is set at 1,375 points and resistance at 1,390 points.
For investment strategies in Thai stocks this afternoon. Analysts highlight 6 outstanding stocks
Innovation Exchange Securities
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- KCE Support 54.00 baht, Resistance 56.50 baht, Cut loss 52.00 baht.
ASL Securities
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- AURA Support 14.20-14.40 baht, Resistance 15.00-15.30 baht, Cut loss 14.20 baht.
- CPALL Support 51.75-52.50 baht, Resistance 53.50-55.00 baht, Cut loss 51.75 baht.
Global Securities
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- WHA Closing price 5.15 baht, support 5.00 baht, resistance 5.25-5.55 baht, cut loss 4.94 baht, back to stand above the moving average at every level with volume clearly increasing and MACD+Slow Sto. has a buy signal value. If it passes the first resistance at 5.25 baht, there is a chance to test the original high at 5.55 baht.
- RBF Closing price 13.60 baht, support 13.10 baht, resistance 14.00-14.50 baht, cut loss 13.00 baht, the price is in an upward direction with accumulated volume and the MACD is preparing to flip and cross the Signal Line, expecting the price to have a chance to continue rising with the resistance at 14.00- 14.50 baht
Kasikorn Securities
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- BBL (Basic price 196 baht) Stocks in the SET50 that are likely to be investment targets of the TESG tax relief fund next month. The company received the 2566 SET ESG Rating, level AA. The stock price has dropped, providing an opportunity to gradually buy and accumulate. We maintain our recommendation. “Buy” with an end-2567 target price of 196 baht, a PBV of 0.65 times, strong EPS growth of 16% compared to peer average of 6.7%, and dividend payout of approximately 6%.
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