"Krungsri" looks at investment trends in the second half of the year. "AI" is still worth investing in - Thai stocks have a chance of recovering.

Krungsri sees inflation and international tensions causing investment in the second half of the year to continue fluctuating. Points out that investing in AI themes is still interesting, while the Thai stock market tends to improve. 'Export-Retail-Data' stocks Center-Healthcare' still stands out and is worth investing in.

Dr. Sornphon Tulyasathien, Deputy Manager, Head of Corporate Strategic Planning and Strategic Projects Division Stock Exchange of Thailand Revealed that amidst the challenges of the world economy Thailand has high economic stability and can support various events. In the past it has been good. For the overall picture of the economy in the past year There may not be many driving factors.

However, it is expected that the Thai economy is likely to expand gradually in the second half of 2567 due to the continued recovery of the tourism sector, exports, and the acceleration of government budget disbursement. which is a reflection back to the Thai stock market He sees that the investment situation in the Thai stock market is still an interesting opportunity. This is because the stock price has not yet reflected on future profits.

The 7 star investment themes that are the strengths of the Thai stock market are:

1. Business related to the tourism sector The SET Well-Being Index currently has a total of 30 companies from 7 industries: tourism and recreation, agriculture, transport and logistics, fashion, medical, food and beverage, and commerce.
2. Businesses related to government spending such as construction contracting groups Consumer products, commerce and food and beverages
3. Businesses related to moving production bases The government has various policies, including Free VISA and investment promotion policies. The business sectors that will receive positive factors include electrical appliances and electronics. Machinery and vehicles Metal and materials industry Digital industry, agriculture and food
4. Business related to the export sector It can be seen that the returns of SET Global Big Cap and SET Global Mid & Small Cap quite outperform around 50-60%, while SET Global Large Cap returns outperform the market by around 10%.
5. Business related to sustainability Even though the Thai stock market has not recovered much in this K-Shape manner, Thai stocks in the Dow Jones Sustainability Indices (DJSI) index are considered to be doing well.
6. Businesses that pay regular dividends In the SETHD market, there are more than 30 large companies with high liquidity. Paying dividends continuously for at least 3 consecutive years, if investors choose the right stock portfolio Your investment portfolio will outperform.
7. Businesses related to New Economy There are 165 registered companies in new sectors such as digital and e-commerce. health business biofuels Food industry and agricultural product processing for consumption using innovation and modern vehicles

In addition, this year The number of stocks in the Thai ESG group will increase from last year. This gives investors more opportunities and options. And if you compare listed companies on the world stage, you will find that There are many listed companies in Thailand that have grown strongly and are recognized on the world stage. Ranked in the global sustainability index

Private Equity funds to help increase returns and reduce portfolio risk. Because it has relatively low volatility. By recommending the KFGPE-UI fund managed by Schroders that aims to diversify investments across business cycles of theme 5 companies. Invest in Private Credit funds, another option that helps increase returns and reduce portfolio risk. It recommends the KFPCD-UI fund managed by BlackRock.

Tech-AI stocks can still continue.

Mr. Kiattisak Preecha Anusorn, CFA, Chief Alternative Investment Officer Krungsri Asset Management Company Limited Revealing the overall picture of the world stock market, there is still a good growth trend. If considering each region, it will be found that US stock market It is outstanding when compared to other regions. It is predicted that if Mr. Donald Trump wins the election at the end of 2567, the US dollar will have the opportunity to strengthen due to trade policies. The more it results in the market having opportunities and interest.

Meanwhile, European stock markets are still interesting due to the policy of reducing interest rates and stock prices are still cheap. As for the Japanese market The weakening yen situation will be a driving force for the overall picture of Japanese stocks. However, if the yen continues to depreciate, it will affect investor confidence and concern. Meanwhile, the Emerging Markets picture in 2020 This has improved. Which may have to wait for the moment when the US dollar weakens, which will be a factor that helps support market growth.

In addition, Mr. Kiattisak He also gave his view on technology stocks that the first 5 Big Tech stocks, namely MSFT, NVDA, AMZN, GOOGL and META, had their earnings per share (EPS) estimates increased by more than 38%, contrary to other stocks. which was adjusted down to -5% amid the continued growth of the AI ​​trend, which is seen to begin to shift to more midstream and downstream industries such as Cybersecurity or Software, and has introduced the KFHTECH fund managed by BlackRock. Create a Core & Opportunistic Holding portfolio, investing 40-50% in the Core group.

while investing in the group Opportunistic 50-60% with low weight But will diversify your investments in many stocks. Provides better returns in the medium-long term. less volatile and consistent returns, and the KFGTECH fund managed by T. Rowe Price, which has a Highly Active investment style that changes every 6 months, which has the opportunity to make more profits during the market uptrend.

Thai stocks have a chance to recover. Prepare to invest in outstanding stocks 'Export-Retail-Data Center-Healthcare'

Mr. Kornphat Worachet, Senior Director of Research Krungsri Securities Public Company Limited He summarized his views on the Thai stock market as follows: Even though the Thai stock market is currently falling But the economy is showing signs of recovery. Both signs of Thai household consumption expanding have improved. Meanwhile, the tourism sector is gradually recovering. According to figures from Krungsri Research, it is estimated that the number of foreign tourists coming to Thailand will be 35.5-36 million people this year.

In the first half of the year, there were 17.5 million foreign tourists arriving, so signs of improvement are beginning to be seen. In addition, the measure to extend the Free VISA period will be a factor that helps push the economy to improve in the second half of the year. In addition, the disbursement of the government's annual budget for 2024 has begun to accelerate. This is considered a positive signal for the investment market. The important problem is The government must have a certain level of stability. Therefore, we must keep an eye on the political situation.

If the political situation in the country has reduced risk factors A stable government will result in the Thai stock market staying at 1,320-1,400 points, but if political factors in the country are volatile, it is expected that the Thai stock market is likely to drop to a base of 1,250-1,320 points.

This Recommend stocks that should be included in your portfolio for the second half of this year. is an export industry such as electronic components. Businesses related to Data Center and the trend of 5G, retail businesses and healthcare. Recommended Top Pick stocks in the large stock group include True, MINT, GFPT, TU, KCE, HANA, WHA, CPALL, OSP, MTC.

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