2 October 2019
Krungsri Securities expects Thai stocks today to drop 1,610-1,615 points, as global stock markets are disappointed, the US manufacturing index dropped to the lowest in 10 years at 47.8 points, causing concerns, traders will pull. The US economy entered a contraction state. Including falling crude oil prices
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Securities Company (Krungsri) The Thai stock market index today (2 October) is expected to test 1,610-1,615 points from disappointing global stock market directions. The US manufacturing index fell to a 10-year low of 47.8 points, resulting in Causing concern that the trade war situation will drag the US economy into contraction
In addition, crude oil prices dropped from concerns. Demand The use of oil that is weak in accordance with the economy will negatively impact the energy sector. Also the direction Fund Flow Foreigners who continue to flow will pressure the market at this time. Therefore recommend to wait to buy in the weak rebound period
For the Selective Buy, Tourism (ERW, MINT) and Export (GFPT, TU) investment strategies, "from the Cabinet, the economy will consider the stimulus measures for export-tourism on 7 October, the group Finance (MTC, SAWAD, THANI) benefit from lower interest rates, defensive stock AOT, INTUCH, ADVANC, BEM, BTS, BDMS, BCH, CHG, GPSC, BGRIM, TTW, CPALL.
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– Thai stocks are expected to stand today on positive territory.
– The Thai stock market is expected to rise today to test 1,740 – 1,745 points to receive positive news.
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