Post by account_disabled on Dec 27, 2023 11:07:22 GMT
TISCO Securities reveals the impact of the coronavirus on the Thai economy It is estimated that it may affect GDP by approximately 1%, affecting the market cap of Thai stocks to decrease by 1.07-1.14 trillion baht, or equivalent to the Thai stock index at approximately 100 points, indicating that in the first quarter there is a chance to see a support level of 1,480 points, expecting that the deadly virus situation can be controlled. within 1-2 months Mr. Apichat Phubanjerdkul Senior Director Strategic Analysis Division TISCO Securities Co., Ltd. (Mr. Apichat Poobunjirdkul, Senior Strategist, TISCO Securities Co., Ltd) revealed that the Thai stock market in February still had high volatility following the uncertainty of the draft Budget Act. Year 2020 and the coronavirus outbreak situation As for the impact of the coronavirus, although the outbreak is more rapid than SARS in 2003, the severity of the disease may be less severe. As can be seen, the death rate from coronavirus is 2% of all cases, while SARS is 10% of all cases. In addition, China's more modern medical technology and faster response should help control the disease more quickly. increased significantly in the short term But TISCO Securities believes that the number of new cases will gradually decrease soon and the disease should.
begin to be controlled within 1-2 months because each country wants to stop the spread of the virus. After the World Health Organization (WHO) announced that the coronavirus is "Global public health emergency" As for the impact on the Thai economy If this coronavirus outbreak is compared with the previous SARS outbreak, it is assumed that tourism revenue in the 1st quarter of 2020 will disappear approximately 1/3 of the total revenue. This will amount to approximately 160-170 billion baht, or will cause the GDP growth rate to disappear this year by approximatave a chance to decrease to 1,480 points Mr. Apichat said As for the problematic draft of the 2020 Budget Act, TISCO Securities expects that the Constitutional Court will have a decision by mid-February WhatsApp Number List if it decides that it violates the Constitution, whether in whole or in part. It is believed that the Constitutional Court will provide a solution for this matter as well. and do not make the draft Budget Act Delayed for another half year But it's likely to be delayed for only 1-2 months. If that's the case There will not be much impact on GDP estimates because TISCO Securities already assumes that budget disbursement will be less than usual. However In terms of the investment climate, we believe that there.
will still be negative impacts until there is clarity on the matter. Therefore, TISCO Securities believes that market investors are in the process of finding the bottom. It is expected that the opportunity for the Thai stock index to decline this time should be limited to the area of 1,480 points and is viewed as an opportunity for accumulating and investing again. For stock issues worth investing in this month We also focus on stocks that pay outstanding dividends. Profits in 2020 are likely to grow moderately, around 6-8% compared to the previous year. Therefore, we recommend AP, EASTW, and KKP, combined with choosing short trades on stocks whose prices have dropped. Very strong It is expected to be a low point with hope for a chance to recover soon. (Bottom Fishing) recommends ERW, TASCO as well as RBF stocks. Therefore, recommended stocks in February are AP, EASTW, ERW, KKP, RBF and TASCO on the important support side. of Thai stocks this month are at 1,480 and 1,500 points, while important resistance levels are at 1,550 and 1,570 points, respectively.
begin to be controlled within 1-2 months because each country wants to stop the spread of the virus. After the World Health Organization (WHO) announced that the coronavirus is "Global public health emergency" As for the impact on the Thai economy If this coronavirus outbreak is compared with the previous SARS outbreak, it is assumed that tourism revenue in the 1st quarter of 2020 will disappear approximately 1/3 of the total revenue. This will amount to approximately 160-170 billion baht, or will cause the GDP growth rate to disappear this year by approximatave a chance to decrease to 1,480 points Mr. Apichat said As for the problematic draft of the 2020 Budget Act, TISCO Securities expects that the Constitutional Court will have a decision by mid-February WhatsApp Number List if it decides that it violates the Constitution, whether in whole or in part. It is believed that the Constitutional Court will provide a solution for this matter as well. and do not make the draft Budget Act Delayed for another half year But it's likely to be delayed for only 1-2 months. If that's the case There will not be much impact on GDP estimates because TISCO Securities already assumes that budget disbursement will be less than usual. However In terms of the investment climate, we believe that there.
will still be negative impacts until there is clarity on the matter. Therefore, TISCO Securities believes that market investors are in the process of finding the bottom. It is expected that the opportunity for the Thai stock index to decline this time should be limited to the area of 1,480 points and is viewed as an opportunity for accumulating and investing again. For stock issues worth investing in this month We also focus on stocks that pay outstanding dividends. Profits in 2020 are likely to grow moderately, around 6-8% compared to the previous year. Therefore, we recommend AP, EASTW, and KKP, combined with choosing short trades on stocks whose prices have dropped. Very strong It is expected to be a low point with hope for a chance to recover soon. (Bottom Fishing) recommends ERW, TASCO as well as RBF stocks. Therefore, recommended stocks in February are AP, EASTW, ERW, KKP, RBF and TASCO on the important support side. of Thai stocks this month are at 1,480 and 1,500 points, while important resistance levels are at 1,550 and 1,570 points, respectively.