Thai stocks are expected to trade sideways today within a range of 1,470 – 1,500 points, reacting to Moody's upgrading its outlook and Trump's extension of the ceasefire.
Thai stocks are expected to trade sideways within the range of 1,470 – 1,500 points today, April 22nd, supported by Moody's upgrading Thailand's outlook and developments in geopolitical issues following Trump's extension of the ceasefire, which has eased investor concerns.
22 April 2559 – Kasikorn Securities expects Thai stocks to fluctuate sideways today between 1,470 and 1,500 points. The market is receiving positive momentum from Moody's upgrading its outlook for Thailand, combined with Trump's announcement postponing the ceasefire. The strategy should focus on defensive positions in sectors that benefit from falling bond yields.
Innovation Exchange Securities Thai stocks are expected to fluctuate upwards, supported by Trump's announcement of an indefinite extension of the ceasefire. Although Iran believes this is a tactic to buy time, there is a likelihood that they will participate in a second round of negotiations in Pakistan this week, a positive sign that both sides will move forward with the talks.
While domestic factors are likely to ease concerns about credit ratings after Moody's upgraded the outlook, this is expected to help slow fund outflows after four consecutive days of net selling by foreigners. Technically, the index remaining above 1470 is still a positive sign.
Pie Securities estimate SET Index range: 1,475 – 1,490 This morning, Asia is trading in a narrow range (KOSPI +0.04%), entering a period lacking new catalysts. Investment strategy continues to focus on anti-oil stocks such as retail (CPALL, BJC, CPN, HMPRO), tourism (MINT, CENTEL), finance (MTC, SAWAD), and commercial banks (KBANK, KKP).
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