SET Today (June 4): Range 1,570-1,595, PI Securities Advises More Cash, Domestic Stocks

Prachachat•Economy•4d ago

Reader Briefing

PI Securities forecasts the SET to trade between 1,570-1,595 points today, advising investors to hold more cash and favor domestic stocks due to market nearing the 1,600 psychological level and rising valuations.

•PI Securities projects the SET index to trade within a range of 1,570-1,595 points on June 4.
•The firm suggests investors increase their cash holdings and focus on domestic-oriented stocks.
•Concerns are raised about rising valuations as the index approaches the 1,600 psychological mark.

Overview

•On June 4, PI Securities forecasts the SET index to trade between 1,570-1,595 points.
•PI Securities advised investors to increase cash holdings and focus on domestic stocks.
•The recommendation is due to the SET index approaching the 1,600 psychological level and rising valuations.
•Rising crude oil prices due to Middle East tensions and continued market gains have led to profit-taking.
•Increased tourist arrivals weekly, particularly from Malaysia (+109% WoW), benefit retail and hotel groups.
•Year-to-date tourist arrivals reached 14.03 million (-2.3% YoY), with weekly arrivals up 16% WoW.
•US Treasury yields are recovering, reflecting investor views on inflation.
•CME FED Watch reported a consensus for a 0.25% interest rate hike at the December meeting.
•PI Securities recommends focusing on domestic stocks such as CPALL, CPN, SCB, MTC, SAWAD, KTB, and CK.

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Key Quotes

PI Securities

"Approaching the 1,600 point psychological level, investors are advised to increase cash holdings and focus on domestic stocks."

เริ่มเข้าใกล้จิตวิทยา 1,600 จุด แนะนักลงทุนเพิ่มถือครองเงินสดมากขึ้น เน้นหุ้นอิงกับภายในประเทศ

PI Securities

"Valuations are starting to look high, so increased caution may be warranted."

Valuation จึงเริ่มสูง อาจเพิ่มความระมัดระวังมากขึ้น

PI Securities

"The latest view from CME FED Watch estimates a 0.25% interest rate hike at this year's December meeting."

ความเห็นล่าสุดจาก CME FED Watch ประเมินว่าการประชุมเดือน 12 ปีนี้จะเห็นการขยับดอกเบี้ยขึ้น 0.25%

PI Securities

"The overall picture lacks new factors, but cumulative tourist arrivals year-to-date are 14.03 million (-2.3% YoY), with weekly figures showing a +16% WoW increase."

ภาพใหญ่ยังไร้ปัจจัยใหม่ แต่มีการรายงานนักท่องเที่ยวสะสมตั้งแต่ต้นปี (YTD) 14.03 ล้านคน (-2.3%YoY) แต่ในรายสัปดาห์พบว่า +16%WoW

PI Securities

"For today's investment strategy, consider increasing cash holdings. Recommended stocks should focus on domestic-oriented ones."

สำหรับกลยุทธ์การลงทุนวันนี้ อาจเพิ่มการถือครองเงินสดมากขึ้น หุ้นแนะนำเน้นที่อิงกับภายใน

Key Entities

Organization

PI Securities(บล.พาย)

A financial securities company providing analysis and investment recommendations for the SET index.

CME FedWatch Tool(CME FED Watch)ℹ️

A tool provided by CME Group that monitors market expectations for Federal Reserve interest rate changes.

Bloombergℹ️

A financial data and media company whose earnings estimates are referenced in the analysis.

CPALLℹ️