Bangkok 8 Jun-Investment Strategist Liberator Securities assesses fund flows to flow back into the Thai stock market in the short term from related stocks. Global plain businesses in foreign countries still need to keep an eye on next week's Fed meeting.
Mr. Wichit Arayaphisit, Investment Strategist Liberator Securities Giving an interview in the Invest Minute program on Channel 9 MCOT about fund flows of foreign investors in the Thai capital market. The market closed yesterday (June 7). Foreign investors returned to buy net. that is viewed as a short-term market overview Foreigners may switch to buy some in the group that is related to global plain in foreign markets such as energy, oil that has moved up. But it's only a short period, unsustainable, which this year foreign investors have sold about 100 billion baht in net, together with the baht today (June 8) depreciating to 34.85 baht per US dollar. Therefore, one must be careful when investing in the Thai stock market.
for short-term investment overview It was seen that this week the Thai stock market moved in a narrow frame. swing sideways And there is pressure from the moving average continuously, support at 1,520 points, resistance at 1,540 points and there is pressure from the moving average continuously. for foreign factors Keep an eye on next week's Fed meeting. which is expected to maintain the policy rate In the next phase, interest rates may be raised but not much. Gradual, which is considered to be some short-term pressure, but not much. In the country, the establishment of a government is not the main factor that flows in in the short term.
Today's recommended stock is GFPT. Today's stock is a stock that benefits from the baht depreciation. and there are fundamental factors supporting After the Ministry of Commerce revealed the number of chicken exports increased. while the overall price is better should make the turnover return to profit in the second quarter of this year onwards P/E ratio of 10 times is considered not too expensive.-Thai News Agency
Source: Thai News Agency