Foreign Investors Sell Thai Stocks 10 Billion Baht

MGR Online•Economy•5d ago

Reader Briefing

Foreign investors sold Thai stocks worth 10 billion baht yesterday, contributing to a cumulative net sell of 30.5 billion baht since September 22.

•Foreign investors net sold 10 billion baht of Thai stocks yesterday.
•Cumulative net sales by foreign investors reached 30.5 billion baht since September 22.
•Concerns over flooding, US inflation, and US-Iran negotiations are cited as factors.
•The SET index is estimated to be between 1545 and 1570.

•Foreign investors net sold 10 billion baht of Thai stocks yesterday and a cumulative 30.5 billion baht since September 22.
•Foreign selling is attributed to concerns over floods affecting the Thai economy and profit-taking.
•Market observers question whether the SET's earnings from the energy sector will remain strong next year, specifically regarding the 117 baht per share EPS forecast.
•The DJIA closed down 444 points (-0.86%) due to concerns that rising oil prices will pressure US inflation.
•The US PCE inflation grew by 3.4%, which was lower than the market expectation of 3.7% YoY.
•CME FED Watch indicates a 62% probability that the FED will maintain interest rates during the October meeting.
•Investment strategy suggests reducing portfolios and focusing on defensive groups such as communication (ADVANC), hospitals (BCH, PR9, BDMS), exports (ITC, TU), and construction (CK, STECON).
•Recommendations include buying CK with a target price of 23.10 baht and WHA with a target price of 5.60 baht.

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United States(สหรัฐฯ)ℹ️

A country involved in negotiations with Iran and whose inflation and bond yields are affecting markets.

Iran(อิหร่าน)ℹ️

A country engaged in negotiations with the United States.

SET

The Thai stock market index.

A US stock market index that closed down 444 points.

A company that reported earnings 5% better than market expectations.

CME FED Watch

A tool providing probabilities on FED interest rate decisions.

FED

The central bank of the United States expected to meet in October.

ADVANC

A company in the communication defensive group.

BCH

A company in the hospital defensive group.

A company in the hospital defensive group.

A company in the hospital defensive group.

ITC

A company in the export defensive group.

A construction company recommended for purchase with a target price of 23.10 baht.

STECON

A company in the construction defensive group.

AMATA

A company in the industrial estate group with stable profits.

WHA

An industrial estate company recommended for purchase with a target price of 5.60 baht.

WHAUP

A utility service provider in which WHA holds a 70% stake.