Daily Focus & Technical

22
November
2017
Daily Focus : 22 November 2017, Continue to let profit run and bet on mid- to small-cap counters
(views 37)
We expect the SET to continue to move sideways up thanks to investment sentiment which remains positive after U.S. stock markets continued to hit a new high. Moreover, President Trump said that he would give a major tax reform as Christmas present, while we believe the buying from LTF/RMF as well as possible fund inflows after the rise in Thai economic growth will help support the market to continue to increase. In the short run, there is a chance that medium- to small-sized counters will outperform the market.
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21
November
2017
Daily Focus : 21 November 2017, Continue to let profit run and bet on consumption play
(views 46)
We expect the SET to continue to move sideways up thanks to investment sentiment, which remains quite bright thanks to supports from international factors, i.e. the optimism that U.S. tax reform plan will succeed before Christmas. In Thailand, the market continues to give weight to Thailands economic growth outlook. To elaborate, its anticipated that Thai GDP will continue to grow at above 4%, driven by support from the service and export sectors as well as domestic consumption, which signals a recovery.
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20
November
2017
Daily Focus : 20 November 2017, Continue to let profit run and accumulate big-cap stocks
(views 57)
We expect the SET to continue to move sideways up after the technical picture has turned positive since last Friday. Moreover, crude surged by 2.6% last Friday. This provides support for the energy sector and, particularly, benefits PTTEP. Today, Thailand will announce its 3Q17 GDP. In this regard, markets expect it to increase 3.9% Y-Y. If its in line, we believe markets will positively respond and have confidence that growth will accelerate to touch 4% from 4Q17 to 2018.
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17
November
2017
Daily Focus : 17 November 2017, Let profit run and bet on stocks with specific catalysts
(views 70)
We expect the SET to rise to test 1,700. Moreover, there is a chance that it will hover above such level after investment sentiment turns bright. To elaborate, the U.S. House of Representatives has passed draft tax reform bill last night and forwarded it to the Senate for further consideration. As a result, market concern over such reform has somewhat eased. Moreover, it is anticipated that Thai economy will accelerate in 4Q17 and 2018 to above 4%. In this regard, we continue to have a bullish view toward the market outlook that it will rise to test its historical high.
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16
November
2017
Daily Focus : 16 November 2017, Buy on weakness stocks with solid fundamentals and bet on mid- to small-cap shares with specific catalysts
(views 52)
We expect the SET to move sideways thanks to investment sentiment which remains dull. In particular, there is pressure from U.S. tax reform plan after part of the Obamacare is repealed in the draft proposed by Senate Republicans. This increases political uncertainty. Whats more, crude continued to fall yesterday. Nonetheless, we continue to view that a retreat will serve as an opportunity to accumulate stocks with solid
fundamentals as we maintain our bullish view toward Thai economic growth, which is in accelerating phase. Finally, the support from year-end buying in LTF/RMF should help support the market.
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15
November
2017
Daily Focus : 15 November 2017, Buy on weakness stocks with solid fundamentals and bet on counters with above-estimate 3Q17 profit
(views 56)
We expect the SET to ease to below 1,700 intraday due to dull investment sentiment after Japan reported slightly lower-than-expected 3Q17 GDP. Moreover, crude tumbled by nearly 2% yesterday, putting pressure on the energy sector. Nonetheless, listed companies earnings are broadly strong. As a result, we continue to have confidence that growth will continue into 4Q17 and 2018. In addition, we maintain our view that a retreat will serve as an opportunity to buy stocks with solid fundaments. However, mid- to small-sized stocks with aboveestimate profit should outperform the market at this time.
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14
November
2017
Daily Focus : 14 November 2017, Accumulate on weakness stocks with solid fundamentals and bet on counters to be added to MSCI
(views 65)
We expect the SET to continue to move sideways due to lack of fresh catalyst. Investors continue to keep an eye on the progress of U.S. tax reform plan and 3Q17 earnings season is about to end. We continue to view that a retreat to a support of 1,680 will serve as an opportunity to accumulate stocks with solid fundamentals. Moreover, we anticipate there will be near-term speculation on the counters to be added to the MSCI, which will help them to outperform the market.
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13
November
2017
Daily Focus : 13 November 2017, Selectively buy stocks with solid fundamentals on weakness and bet on stocks in commerce sector
(views 76)
We expect the SET to move sideways after there is no fresh catalyst to provide support. Moreover, it is nearly the end of 3Q17 earnings season. Nonetheless, we continue to view a retreat as an opportunity to accumulate stocks with solid fundamentals as we expect economic growth to accelerate. In addition, there is near-term support from the governments shopping stimulus, which started on November 11. Since this has
triggered positive sentiment for consumer spending, we expect speculation in the commerce sector.
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10
November
2017
Daily Focus : 10 November 2017, Buy stocks with solid fundamentals on weakness
(views 85)
We expect the SET to move in negative territory. Specifically, we anticipate it to fall to test 1,695-1,700 due to dull investment sentiment after the market is pressured by the U.S. after Senate Republicans revealed details of draft tax reform bill that are different from the one proposed by the House of Representatives. Nonetheless, we continue to view a fall as an opportunity to buy stocks with solid fundamentals to bet on
economic growth, which will accelerate in the future thanks to economic stimulus and a rise in government investment.
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09
November
2017
Daily Focus : 9 November 2017, Bet on stocks with strong 3Q17 profit outlook
(views 63)
We expect the SET to continue to move sideways as crude is still in retreats. Moreover, there was news that Senate Republicans might postpone tax reform bill by another one year after they lost their election in New Jersey and Virginia. In Thailand, the market should continue to give weight to listed companies 3Q17 earnings results. Hence, we continue to believe that stocks with strong 3Q17 profit outlook will outperform the
market since they are a target for speculation.
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08
November
2017
Daily Focus : 8 November 2017, Bet on mid- to small-sized stocks with strong 3Q17 profit outlook
(views 71)
We expect the SET to continue to move sideways since the market starts to lack fresh catalyst. In particular, crude turned to fall after a number of straight gains. This morning, keep an eye on Chinas trade balance in October. We believe that the market will continue to pay attention to domestic companies 3Q17 earnings results; most of which is about to come in shortly. In this regard, we view that in a sideways movement small-to-mid-sized stocks with strong 3Q17 profit outlook will be a target for speculations and outperform the market.
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07
November
2017
Daily Focus : 7 November 2017, Bet on commerce sector and stocks with strong 3Q17 profit outlook
(views 63)
We expect the SET to continue to move in positive territory thanks to a bright investment sentiment. Moreover, we expect the energy sector to continue to lead the market, supported by crude which continued to surge by 3.1% yesterday. Today, we anticipate speculative buying in commerce counters as the Ministry of Finance will propose a stimulus that allows tax deductible on consumer spending during November 11-30 at a Cabinet meeting today.
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06
November
2017
Daily Focus : 6 November 2017, Bet on stocks with strong 3Q17 profit outlook
(views 75)
We expect the SET to move sideways up since the energy sector should see support from the sharp gain in crude price. Moreover, markets did not negatively respond to U.S. nonfarm payrolls in October, which came in lower than expected. In Thailand, there is a catalyst thanks to a news report that the Ministry of Finance prepares to launch a stimulus to stimulate the economy late this year. Hence, there is a chance that we will see buying to speculate on the commerce sector. Moreover, a large number of companies will report their earnings results this week.
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03
November
2017
Daily Focus : 3 November 2017, Selectively bet on stocks with solid fundamentals when they decrease and speculate on counters with strong 3Q17 profit outlook
(views 98)
We expect the SET to move sideways after President Trump has announced that he will nominate Mr. Jerome Powell as the next Fed chairman, as markets have anticipated, while ADVANC and PTTEP reported slightly above-estimate 3Q17 earnings results yesterday. Moreover, we expect buyback in ICT shares after they have tumbled. We view that the market’s retreat serves as an opportunity to buy stocks with solid fundamentals in order to bet on economic growth, which is predicted to accelerate in the future.
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02
November
2017
Daily Focus : 2 November 2017, Continue to bet on stocks with strong 3Q17 profit outlook
(views 84)
We expect the SET to move sideways. In Thailand, large-cap counters, i.e. ADVANC, PTTEP and IRPC, will deliver their 3Q17 earnings results today. On the international front, the FOMC meeting held in the last two days resolved to maintain its policy rate at 1-1.25%, as expected. Whats more, foreign news agencies also reported that President Trump has nominated Mr. Jerome Powell as the new Fed chairman, as markets have anticipated. Given such nomination, there should not be significant changes in the monetary policy.
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01
November
2017
Daily Focus : 1 November 2017, Let profit run and bet on stocks with strong 3Q17 profit outlook
(views 47)
We expect the SET to move up to test 1,730 thanks to a bright investment sentiment after U.S. consumer confidence index in October came in stronger than expected. Moreover, the pressure from foreign investors selling began to decrease. Moreover, they have turned to record a net long position in the Index Futures. Looking ahead, there are key factors that need monitoring, i.e. FOMC meeting and a nomination of the new Fed chairman. In addition, 3Q17 earnings results of many large companies are about to be out, beginning with SCC today. If they do not come in lower than expected, we believe that the market should still be able to continue to increase.
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31
October
2017
Daily Focus : 31 October 2017, Selectively bet on stocks with strong 3Q17 profit when they decrease
(views 55)
We expect the SET to move sideways down after U.S. tax reform will take place at a slower-than-expected rate. To elaborate, it will now decrease to 20% by 2022. Moreover, Chinas manufacturing PMI in October came in lower than expected, while there are a number of factors that need monitoring. They include central bank meeting in many countries (i.e. Japan, the U.K. and the U.S), a nomination of the new Fed chairman, and earnings results of several large companies in Thailand (i.e. PTTEP, SCC, ADVANC, and IRPC). Finally, foreign investors continued to record a large net sell position in the equity market. Given that, the market should be in a more cautious mode.
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30
October
2017
Daily Focus : 30 October 2017, Let profit run and bet on stocks with strong 3Q17 profit outlook
(views 68)
We expect the SET to continue to move in positive territory. The energy sector should lead the market after crude increases. Moreover, there is support from anticipation that Mr. Jerome Powell, a dovish candidate, will be appointed as the next Fed chairman. Domestically, there is a factor that needs monitoring, i.e. 3Q17 earnings results of the real sector. In this regard, there will be buying to bet on stocks with strong profit outlook.
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27
October
2017
Daily Focus : 27 October 2017, Let profit run and continue to bet on stocks with strong 3Q17 profit outlook
(views 60)
We expect the SET to continue to move sideways within positive territory as investors positively respond to ECB meeting results, which continued to support the easing of its monetary policy. In the U.S., the House of Representatives approved draft 2018 budget bill, another important step toward President Trumps tax reform plan. Nonetheless, markets will continue to watch on key factors. First is the appointment of a new Fed president. According to the latest report, there was news that Janet Yellen had been out of the Fed Chair race. Second is listed companies in the real sector, which will begin to deliver their 3Q17 results next week.
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25
October
2017
Daily Focus : 25 October 2017, Continue to bet on stocks with strong 3Q17 profit outlook
(views 58)
We expect the SET to move sideways up thanks to investment sentiment, which is bright. However, we expect upside to be capped in the near term as Thailand is about to be on a holiday. In addition, listed companies in the real sector will only begin to deliver their 3Q17 earnings results next week. On the international front, investors still need to keep monitoring a nomination of the new Fed president. In this regard, we view that mid- to small-sized counters that have specific factors, e.g. strong 3Q17 profit outlook, should outperform the market.
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24
October
2017
Daily Focus : 24 October 2017, Bet on stocks with strong 3Q17 profit outlook
(views 44)
We expect the SET to move sideways up to reflect Japanese general election results and U.S. Senates passing of draft 2018 budget bill. Nonetheless, there are factors that need monitoring. They comprise the followings. First is an appointment of a new Fed president, which President Trump said that results would be out shortly. Second is ECB meeting this Thursday, at which the size of QE might be scaled back. Given that, we believe gain will remain limited. In this regard, stocks with specific catalysts, particularly those with strong 3Q17 profit outlook should outperform the market at this time.
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20
October
2017
Daily Focus : 20 October 2017, Bet on stocks with strong 3Q17 profit outlook and buy big-cap counters on weakness
(views 68)
We expect the SET to continue to decrease due to domestic institutions and foreign investors selling to lock in profits after the index has sharply rallied in the past half month. Moreover, there is pressure due to negative impact from PTTEPs impairment expense over its oil sands project, which has also affected PTT. Meanwhile, most banks earnings results did not positively surprised. In this regard, the market lacks a catalyst in the near term. Nonetheless, we view that the SETs loss serves as an opportunity for a new round of buys. In addition, we continue to have bullish view towards a recovery in the earnings results of other sectors which will follow shortly as well as the Thai economy, which is expected to accelerate.
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19
October
2017
Daily Focus : 19 October 2017, Bet on stocks with strong 3Q17 profit outlook and buy big-cap counters on weakness
(views 72)
We expect the SET to move sideways down after the index has sharply increased. In the near term, we anticipate continued pressure from selling to lock in profits. Since we are in the beginning of 3Q17 earnings season, we expect stocks with strong profit outlook to be a target for speculation at this time. Nonetheless, we continue to believe that the SET will continue to rally in the future as the economy picks up pace.
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18
October
2017
Daily Focus : 18 October 2017, Bet on stocks with strong 3Q17 earnings outlook
(views 85)
We expect the SET to continue to move sideways. In Thailand, investors still need to monitor banks earnings results. Internationally, there are the 19th National Congress of the Communist Party of China and an appointment of the Fed chair. On the latter, there is a concern that the new chair might impose even tighter monetary policy than the current one. In this regard, we believe stocks with specific factors, e.g. those with
strong 3Q17 profit outlook, should serve as a target for speculation.
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17
October
2017
Daily Focus : 17 October 2017, Focus on laggard play and buy big-cap stocks on weakness
(views 88)
We expect the SET to move sideways down in the near term after the index surged yesterday. Such movement will come as the market has their eye fixed on banks earnings results, which will come in again today and increase late in the week. In the big picture, we view that there will be no negative surprise. Meanwhile, we expect the energy sector to see support from crude which continued to increase. In this regard, we continue to view that the SET will continue to increase to a new high in the future as foreign funds continue to stream into the country.
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16
October
2017
Daily Focus : 16 October 2017, Continue to buy big-cap counters
(views 66)
We expect the SET to continue to move sideways up, in line with regional equity markets after Chinas inflation in September comes in as expected. This week, there is one key factor that needs monitoring, i.e. banks earnings results. If NPL does not increase more than expected, there might not be sell on fact as in the past. Last Friday, crude continued to increase by 1.7%. This will help support energy shares. Given that, we believe big-cap counters will continue to increase and lead the market, while foreign funds continue to stream into the country.
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12
October
2017
Daily Focus : 12 October 2017, Continue to bet on big-cap stocks
(views 73)
We expect the SET to move sideways up thanks to investment sentiment which remains bright thanks to the minutes of the FOMC meeting revealed yesterday. Although a number of Fed officials were concerned over inflation, which continued to be below its target of 2%, the labor market was fully employed, while the economy recovered well. In this regard, there is over 75% probability that the Fed will further hike policy rate in December. However, domestic factors, i.e. economic recovery and stable politics, should continue to keep the current fund inflows, while large-cap counters will remain a target for investors buying.
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11
October
2017
Daily Focus : 11 October 2017, Buy big-cap counters
(views 78)
We expect the SET to continue to move in positive territory thanks to positive sentiment after the index has surged to above 1,700 following an increase in investor confidence. There is a chance that international funds will flow in at faster pace after the Baht has quickly appreciated. We believe that large-cap counters will turn to outperform the market once again as the energy sector is supported by crude which surged by 2.7% overnight. Whats more, banks will begin reporting their 3Q17 earnings results today and we believe that they will not disappoint the market
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10
October
2017
Daily Focus : 10 October 2017, Bet on mid- to small-cap counters
(views 74)
We expect the SET to continue to move sideways as investors concern intensifies after there is a report that North Korea might conduct a missile test today. Given that, more foreign funds begin to stream into risk assets, e.g. gold. Moreover, we are about to enter 3Q17 earnings season, which will start with banks (whose outlook is not bright) in the middle of this week. In this regard, we view that small- to mid-sized counters will remain attractive and outperform the market at this time.
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09
October
2017
Daily Focus : 9 October 2017, Bet on mid- to small-sized counters
(views 71)
We expect the SET to move sideways after U.S. September non-farm payrolls decreased. However, U.S. employment market remained strong in the big picture. Looking ahead, the Thai index still has a key resistance at 1,700 that it has to break through. Lately, crude tumbled by nearly 3%. This put pressure on a number of energy and petrochemical shares, which have rallied sharply last Friday. In this regard, we view that mid- to small-cap counters are attractive and will outperform the market at this time.
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06
October
2017
Daily Focus : 6 October 2017, Let profit run and place more bet on weakness
(views 73)
We expect the SET to move sideways up. Moreover, there is a chance the index will rise to test 1,695-1,700 once again thanks to the bright investment sentiment after U.S. House of Representatives has approved a budget of US$4.1tn for 2018, the first step to a tax reform. Moreover, crude increased by 1.6% overnight, which will provide support for energy shares. Finally, we expect banks net profit, the first sector in the SET to be reported, to strongly recover. Hence, there should be buying in large-cap shares.
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05
October
2017
Daily Focus : 5 October 2017, Trade in short run and accumulate on weakness for mid- to long-term
(views 60)
We expect the SET to continue to move sideways. In this regard, we believe that upside will be capped at 1,700 in the near term after the Fed Chairs statement at Saint
Louis did not offer additional clues or signals on policy rate increase. Meanwhile, U.S. economic data released overnight beat estimates. Hence, we view a loss will serve as an opportunity to buy stocks with solid fundamentals because we expect the SET to rise and break 1,700 level in the future thanks to the outlook for Thai economy to grow at faster pace.
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04
October
2017
Daily Focus : 4 October 2017, Trade for near term and accumulate on weakness for mid- to long-run
(views 65)
We expect the SET to continue to sideways as a number of markets in the region remain closed. Tonight, eye at U.S. private-sector employment and a statement by both the Fed Chair and the ECB President whether there will be additional signals on monetary policy or not. Meanwhile, the SET has rallied quite quickly. The index is now close to hitting 1,700, a key psychological resistance. As a result, upside is limited in the near term. Nonetheless, we continue to view that a loss will serve as an opportunity to accumulate stocks with solid fundamentals as Thai economy looks set to accelerate from 2H17 onward.
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03
October
2017
Daily Focus : 3 October 2017, Continue to accumulate stocks with solid fundamentals on weakness
(views 73)
We expect the SET to continue to move within positive territory thanks to investment sentiment, which is quite positive. Moreover, most funds continued to stream out of safehaven
assets to more risky ones after economic data in key economies were strong. For Thailand, the country remains attractive in terms of economic growth, which accelerates.
However, investors might need to exercise caution in the near term on selling to lock in profit after the SET has quickly increased. In particular, investors should keep an eye on the energy and petrochemical sectors after crude has dropped by over 2% yesterday. Nevertheless, we continue to view that a loss will serve as an opportunity to accumulate.
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02
October
2017
Daily Focus : 2 October 2017, Continue to accumulate stocks with solid fundamentals
(views 65)
We expect the SET to move sideways today and believe it will continue to do so at least for a while as there is no fresh clear catalyst to provide support. Moreover, a number of Asian equity markets are closed today. Nonetheless, we view that this is a good opportunity to accumulate stocks with solid fundamentals as optimism grows that Thai economy will pick up pace thanks, particularly, to government investment. Domestic consumption will slowly recover, while the Baht decreased lately, which is positive for exports.
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29
September
2017
Daily Focus : 29 September 2017, Accumulate more stocks with solid fundamentals on weakness
(views 69)
Although the SET ended down and foreign investors registered a net sell position in all of the three markets yesterday, there is no negative signal whatsoever. Today, the index
should move sideways to build up its base, which serves as an opportunity to accumulate in our view. Domestic economy positively develops and there is chance GDP will grow more than many have anticipated. The EEC bill has passed the National Legislative Assembly and will be in effect early next year. Domestic purchasing power begins to recover in a more diversified manner. The Baht temporarily decreases, which is positive for exports.
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28
September
2017
Daily Focus : 28 September 2017, Accumulate stocks with solid fundamentals on weakness
(views 71)
We expect the SET to move sideways up thanks to investment sentiment which is more positive after President Trump disclosed a major tax reform plan for both business and personal overnight, aiming to help support economic growth. Meanwhile, the FED will gradually revise up benchmark rate, reflecting its confidence in the economy. In this regard, more funds flowed out of safe-haven assets, particularly gold which has dropped for two straight days, to risk assets. This is positive for the equity market.
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27
September
2017
Daily Focus : 27 September 2017, Accumulate more on weakness
(views 55)
We expect the SET to continue to move sideways after the Fed Chair reiterated her case on rate hike despite the low inflation. Moreover, the tensions on the Korean Peninsula continue to put a cap on sentiment. In Thailand, all eyes will be on MPC meeting today; at which we expect policy rate to be kept on hold. We continue to view that the markets current sideways movement serves as an opportunity to accumulate stocks with solid fundamentals to bet on economic growth which will accelerate going forward.
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26
September
2017
Daily Focus : 26 September 2017, Accumulate on weakness
(views 64)
We expect the SET to turn to move sideways down again after the tensions between the U.S. and North Korea intensify. Given that, most funds look set to flow into safe-haven assets, e.g. gold, Japanese yen, and Swiss franc, in the near term. Nonetheless, we believe downside is limited thanks to the energy sector which benefits from crude which surged by over 3% yesterday. In this regard, we view that a loss will serve as an opportunity to buy big-cap counters and the stocks that benefit from the EEC.
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25
September
2017
Daily Focus : 25 September 2017, Accumulate on weakness
(views 70)
Although the SET sharply decreased last Friday, the fourth in a row, we view it is simply a retreat in a round of rallies. Today, we expect the SET to be volatile, swinging back and forth between positive and negative territories. In this regard, a decrease will serve as an opportunity to buy banks, commerce counters, stocks that benefit from the EEC, and finances (because we expect the MPC to keep policy rate on hold).
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22
September
2017
Daily Focus : 22 September 2017, Bet on laggards
(views 100)
We expect the SET to continue to move sideways down. Although large-cap stocks will retreat, there might be speculation on mid- to small-sized ones as well as on laggards. In the mid- to long run, we continue to view that the market is on an upward path. Moreover, there might be window dressing next week.
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21
September
2017
Daily Focus : 21 September 2017, Bet on mid- to small-cap stocks
(views 79)
We expect the SET to move sideways after the Fed maintained its benchmark rate and would begin normalization in October, as expected. However, the meeting surprisingly signaled one rate hike this year. This implies its confidence over the strong economic recovery. In this regard, the U.S. central bank has revised up its 2017E GDP growth rate to 2.2% (from 2.1%). Given that, the Dollar Index increases. Moreover, we expect funds to flow in the near term. Finally, we believe large-cap counters will move down, while mid- to small-sized ones will outperform the market.
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20
September
2017
Daily Focus : 20 September 2017, Bet on mid- to small-cap stocks and counters benefiting from EEC
(views 86)
We expect the SET to continue to move sideways to wait for FOMC meeting results tonight. Should normalization begin, we expect it to have limited impact on fund flow. However, there is chance large-cap counters will retreat in the near term after they have increased. In Thailand, domestic factor is quite bright after the Thai Cabinet has approved draft EEC bill yesterday. Given that, we believe the stocks that benefit from such bill and mid- to small-cap counters will outperform the market at this time.
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19
September
2017
Daily Focus : 19 September 2017, Continue to bet on laggards
(views 101)
We expect the SET to continue to move sideways up as fund continues to stream into risk assets. In addition, we view that a Feds decision to begin normalization at the FOMC meeting scheduled today and tomorrow will have limited impact on fund flow because the FED has sent advanced signal. Nonetheless, the SET has rallied by 6% in the past three weeks. Hence, there might be selling to lock in profit in the near term. Finally, we maintain our long-term bullish view toward Thai economic growth, which is accelerating and give our end-2018
target at 1,900 points.
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18
September
2017
Daily Focus : 18 September 2017, Bet on lagging large-cap counters
(views 83)
We expect the SET to continue to move sideways up thanks to investment sentiment, which is quite positive. Moreover, fund continues to stream into risk assets. This week, keep an eye on FOMC meeting, which will take place on September 19-20. At the meeting, it is anticipated that policy rate will be maintained. Moreover, the Fed should disclose more detailed plan for its normalization. We have revised up our 2018 index target to 1,900 to factor in economic growth, which is predicted to accelerate to above 3-4%. In this regard, we believe large-cap counters will lead the market.
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15
September
2017
Daily Focus : 15 September 2017, Place additional bets on weakness
(views 71)
We expect the SET to move sideways down in the near term after the index has sharply increased yesterday. This morning, there is pressing factor, i.e. North Koreas missile test which flew over Japan. However, sentiment is positive because the SET has broken key resistance of 1,650. In this regard, we believe the market will continue to rise in the near future thanks to support from foreign fund which remains on its inward trend and domestic economic recovery.
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14
September
2017
Daily Focus : 14 September 2017, Bet on mid- to small-cap counters and laggard play
(views 84)
We expect the SET to move sideways up. Although the market lacks fresh catalyst to stimulate, investors need to keep their eye on Chinas manufacturing production index in August this morning. Moreover, energy counters should somewhat lead the market after crude surged by 2.2% overnight. Since we view that international fund will continue to stream into risk assets at this time, there should be rotation to the sectors or counters that continue to lag behind peers as well as mid- to small-cap counters that have specific catalyst.
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13
September
2017
Daily Focus : 13 September 2017, Bet on laggards
(views 118)
We expect the SET to continue to move sideways up thanks to investment sentiment, which is bright. To elaborate, Wall Street continued to hit new high after U.S. Finance Secretary confirmed tax reform remained one of the Trump Administrations priorities and would be pushed to be completed this year. Whats more, Hurricane Irma has weakened and the tensions with North Korea has eased. Given that, we expect fund to continue to flow into risk assets. Finally, we believe the Finance Ministrys proposal for the BoT to trim policy rate in order to stimulate the economy is positive for the equity market and will not affect banks.
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12
September
2017
Daily Focus : 12 September 2017, Bet on counters benefiting from weak Baht
(views 68)
We expect the SET to move sideways up thanks to investment sentiment, which is quite bright in line with the equity market in other regions, after Hurricane Irma has weakened, which makes it possible for commodity price to recover. Moreover, the Dollar Index begins to increase. In Thailand, there is catalyst after the Permanent Secretary for Finance proposes that the BoT lowers policy rate in order to stimulate the economy. This is positive for equity markets, particularly the export sector which benefits from weak Baht.
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11
September
2017
Daily Focus : 11 September 2017, Bet on mid- to small-cap counters and laggard play
(views 80)
We expect the SET to continue to rise thanks to investment sentiment which has eased after North Korea did not conduct missile test on its National Day. Moreover, there is support from the PBOCs ease of its rule on direct forward contract for foreign currency in order to slow yuan appreciation. In this regard, we view that there is chance fund will stream into EMs. Nonetheless, gain might be limited because crude has decreased by over 3% as refineries continue to slowly recover after they were hit by Hurricane Harvey.
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08
September
2017
Daily Focus : 8 September 2017, Bet on laggard play
(views 67)
In the near term, we expect the SET to move sideways down after it has sharply increased yesterday. In addition, there was heavy short position in the Index Futures, while there was concern over North Koreas missile test. In Europe, the ECB maintained its monetary policy and would decide over its QE during autumn. In this regard, there is chance the central bank will extend the QE period after inflation forecast is revised down. Moreover, we believe that the SET will be able to rally to our target of 1,650 in the end thanks to the recovering economic outlook in Thailand as well as international fund which remains in its inward direction.
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07
September
2017
Daily Focus : 7 September 2017, Bet on mid- to small-cap counters
(views 106)
We expect the SET to move sideways up thanks to investment sentiment which is brighter after the U.S. successfully raises its debt ceiling. Moreover, crude continued to rise by 1%, providing continued support for energy shares. Nonetheless, we believe gain will be limited as markets brace for impacts from key events today. In particular, there is ECB meeting where markets will see if the central bank will trim the size of its QE and extend the period as expected, or not. In this regard, we view that mid- to small-cap counters, particularly laggards, will outperform the market.
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06
September
2017
Daily Focus : 6 September 2017, Bet on energy counters and defensive play
(views 93)
We expect the SET to move sideways down to 1,615 because investment sentiment is not bright after the tensions in the Korean Peninsula intensifies. Moreover, the ECB will hold a meeting tomorrow, at which investors need to keep close eye if the central bank will reduce the size of its QE and extend the term as it has been anticipated or not. Nonetheless, we believe energy shares will provide support for the market and limit loss after crude surged by nearly 3% overnight, while defensive play should serve as good place to park cash.
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05
September
2017
Daily Focus : 5 September 2017, Bet on mid- to small-cap laggards
(views 102)
We expect the SET to continue to move sideways because we believe markets will continue to be cautious and keep close eye on the tensions in the Korean Peninsula. Whats more, ECB meeting will be held late this week, at which investors will look for clues over QE tightening. Given that, we believe mid-to small-cap laggards will outperform the market at this time after we started to see buying in such counters, which made them rally quite sharply yesterday.
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04
September
2017
Daily Focus : 4 September 2017, Bet on refinery stocks and contractors
(views 73)
Risk assets enters cautious mode once again after North Korea tested hydrogen bomb yesterday, its sixth nuclear experiment. Moreover, U.S. employment data increased at sharply lower-than-expected rate. Although it makes investors anticipate the Fed will postpone interest rate hike to the middle of next month, they will continue to keep an eye on normalization plan at a Fed meeting during this September 19-20. In this regard, regional equity markets will remain capped by such factors this morning. However, we maintain our bullish view toward Thai equity markets in the mid- to long-term and view that a loss will serve as opportunity to buy.
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01
September
2017
Daily Focus : 1 September 2017, Bet on energy counters and stocks with specific catalyst
(views 91)
We expect the SET to move sideways up after investment sentiment is quite positive thanks to support from the U.S. where tax reform is being pushed out. Meanwhile, crude surged by 2.8% yesterday after it was down for three days in a row. This will support energy shares to rise and support the market. Nonetheless, there are important factors that need monitoring today. They include Chinas Caixin Manufacturing PMI and U.S. employment data. As a result, gain might be capped in the near term.
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31
August
2017
Daily Focus : 31 August 2017, Bet on counters with specific catalyst and laggard play
(views 76)
We expect the SET to continue to move sideways. Although investment sentiment is bright after U.S. 2Q17 GDP and private-sector employment as well as China manufacturing PMI in August came in stronger than expected, the index has sharply increased. Hence, there will be near-term profit taking, which will put a cap on gain. Meanwhile, we believe the MSCI and FTSE midyear review will not have significant impact on markets. In this regard, stocks with specific catalyst and laggard play should continue to outperform the market.
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30
August
2017
Daily Focus : 30 August 2017, Bet on laggard play
(views 72)
We expect the SET to continue to increase thanks to investment sentiment which is quite bright after markets start to turn their attention away from the tensions in the Korean Peninsula. Moreover, the SET also lags behind its regional peers, while its economy looks set to recover and domestic politics is quite steady. Nonetheless, there might be selling to lock in profit in the near term after the index has substantially rallied by 2.4% the last two days. Whats more, foreign investors turned to book a large net short position in the Index Futures by 56,000 contracts yesterday after they have recorded a combined net long position of 82,000 contracts in the past six days. However, we believe international fund will continue to flow into Thailand in the future.
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29
August
2017
Daily Focus : 29 August 2017, Bet on defensive and laggard plays
(views 75)
We continue to believe that the SET will move sideways down to 1,580-1,585, pressured by North Koreas missile test that flew over Japan this morning, which intensifies the tension in that region. Moreover, crude turned to fall quite substantially as markets expected oil inventories to rise in the near term due to Hurrican Harvey, while international fund is expected to flee to safe-haven assets, e.g. gold, Japanese yen, and Swiss franc at this time.
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28
August
2017
Daily Focus : 28 August 2017, Trade within range; focus on stocks with specific catalyst
(views 61)
We believe that the SET will continue to move sideways within 1,570-1,580 after both the FED and the ECB presidents did not give any signal on their monetary policy during their speech at the World Bank meeting in Jackson Hole. This week, markets should see support from President Trumps preparation to push through tax reform policy. Meanwhile, listed companies that are going XD this week will have an impact of 3.26 on the SET.
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25
August
2017
Daily Focus : 25 August 2017, Continue to bet on counters with specific catalyst and defensive play
(views 69)
We continue to expect the SET to move sideways within 1,570-1,580. This morning, we recommend investors keep an eye on the Supreme Courts ruling on rice pledging case. However, we view that it will not affect the market much because, no matter what, both parties can still appeal. In this regard, key factor that will have more impact on the market next week is the Fed and ECB presidents statement on global monetary policy at the World Bank symposium in Jackson Hole tonight.
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24
August
2017
Daily Focus : 24 August 2017, Continue to bet on stocks with specific catalyst and defensive play
(views 68)
We continue to believe that the SET will move sideways, pressured slightly by President Trumps threat to allow government shutdown to take place, if the Congress does not support a budget to build Mexico wall. Meanwhile, investors will continue to have their eyes fixed on World Bank symposium at Jackson Hole on August 24-26 to look for clues on monetary policy signal, particularly from the FED and the ECB. In Thailand, investors need to keep an eye on the Supreme Courts ruling on rice pledging case tomorrow. Although this is not the end, it might have near-term impact on sentiment.
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23
August
2017
Daily Focus : 23 August 2017, Continue to bet on stocks with specific catalyst and defensive play
(views 72)
We continue to believe that the SET will move sideways up to test 1,575-1,580 thanks to positive investment sentiment after there begins to be progress over U.S. tax reform and debt ceiling. Nonetheless, we believe gain will be limited as markets continue to keep an eye on World Bank symposium in Jackson Hole, which is scheduled during August 24-26, while the
Supreme Court will hand down a ruling over rice pledging scheme on August 25. Note the stocks that go XD today have an impact of 1.17 points on the SET.
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22
August
2017
Daily Focus : 22 August 2017, Park cash in defensive play and stocks with specific catalyst
(views 65)
We continue to believe that the SET will move within 1560-1570. Although Thai 2Q17 GDP comes in higher than expected, there are still a number of factors that investors will
keep monitoring. They comprise U.S. politics, World Bank Conference at Jackson Hole during August 24-26, Supreme Courts ruling on the rice pledging scheme on August 25. Meanwhile, the counters that go XD today will affect the SET by 0.57 point.
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21
August
2017
Daily Focus : 21 August 2017, Bet on defensive play and counters with specific catalyst on weakness
(views 90)
We continue to believe that the SET will move within narrow range of 1560-1570. Although there is support from crude which surged by over 3%, there are a number of factors that need monitoring throughout the week, which might put a cap on the SET in the future. To elaborate, besides a fall in U.S. equity markets after concern over U.S. politics, markets continue to wait for the World Bank conference in Jackson Hole. In Thailand, 2Q17 GDP will be released today. The Supreme Court will hand down its ruling over the rice pledging scheme late this week, while over 100 counters will go XD.
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18
August
2017
Daily Focus : 18 August 2017, Bet on defensive play and counters with specific catalyst on weakness
(views 84)
We expect the SET to move sideways down to test 1,562-1,5665, in line with global equity markets, which decreased because investors began to feel uncertain that President Trumps policies and stimulus would be successful after he has dissolved two economic councils. Moreover, there was pressure from a terrorist attack in Spain last night. Given that, we believe fund will seek temporary refuge in safe-have assets, while defensive play and stocks with specific catalyst should continue to outperform the market at this time.
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17
August
2017
Daily Focus : 17 August 2017, Selectively bet on stocks with specific catalyst and strong 2H17 profit outlook
(views 67)
We expect the SET to move sideways up after tensions between the U.S. and North Korea do not escalate. Moreover, minutes of the FOMC meeting indicated that a number of
Fed officials viewed that the meeting should wait for inflation to improve before making another rate hike, while its expected that details of normalization will be revealed at the next meeting. Since we continue to view that the SETs movement will not be wide, we believe that stocks with specific catalyst and strong 2H17 profit growth outlook remain attractive and will outperform the market.
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16
August
2017
Daily Focus : 16 August 2017, Bet on counters with specific catalyst and strong 2H17 profit outlook
(views 67)
We expect the SET to turn to move sideways. Although the tensions in the Korean Peninsula has cooled, there are factors that need monitoring today. They includes MPC meeting (at
which markets expects policy rate to be maintained), and minutes of FOMC meeting (where markets will search for clues over normalization and tightening). In this regard, we believe stocks with specific catalyst and strong 2H17 profit outlook will remain attractive and outperform the market. They comprise the tourism and sectors that benefit from investment, i.e. banks, contractors and building materials.
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15
August
2017
Daily Focus : 15 August 2017, Bet on rebound in near term; hold already-have position
(views 67)
We expect the SET to rebound to test 1,570, in line with regional equity markets because investment sentiment is bright after the tension between the U.S. and North Korea has decreased. According to the latest information, the U.S. pledged it would resort diplomatic measures to stem such problem. Nonetheless, crude plunged by 2.5% overnight, which might put a drag on energy shares. However, we believe other sectors will still be able to lead the market. Of all, we like the sectors that benefit from investment. They comprise banks, contractors and building materials.
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11
August
2017
Daily Focus : 11 August 2017, Bet on defensive play
(views 104)
We expect the SET to fall to 1,565-1,570 as investment sentiment is not bright after the tension between the U.S. and North Korea intensifies. Given that, most fund continues to
flow into safe-haven assets, i.e. gold, yen and Swiss franc. In Thailand, 2Q17 earnings season is about to come to an end and we are about to have a long holiday. Hence, there is chance markets will park cash in defensive dividend counters at this time.
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10
August
2017
Daily Focus : 10 August 2017, Focus on defensive play and contractors
(views 67)
We expect the SET to continue to move sideways, pressured by the tension between the U.S. and North Korea, which has tendency to escalate and makes most funds flow
into safe-haven assets, e.g. gold, yen, and Swiss franc. In this regard, we view that defensive high-dividend counters are attractive and serve as a good place to park cash. Today, there will be an auction for a double-track project (Hua Hin - Nakhon Pathom). Hence, contractors should become a target for speculation.
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09
August
2017
Daily Focus : 9 August 2017, Bet on stocks with strong 2Q17 profit and dividend outlook
(views 89)
We expect the SET to move sideways down to test 1,575-1,573, pressured by a tension because President Trump has threatened to attack North Korea after there was report that
the country was able to miniaturize a nuclear warhead to load it on to a missile. Meanwhile, crude decreased after markets started to feel uncertain that the OPEC would be able to cut output as agreed. In Thailand, we are at the peak of 2Q17 earnings season. In this regard, we believe counters with specific catalysts remain attractive and serve as safe haven.
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08
August
2017
Daily Focus : 8 August 2017, Bet on stocks with strong 2Q17 profit and dividend outlook
(views 82)
We expect the SET to continue to move sideways within 1,570-1,580. Since PTTEP is scheduled to go XD today, we expect it to have an impact of 0.6 point on the SET.
Looking ahead, we view that markets will continue to pay attention to 2Q17 earnings results, imports and exports, Chinese inflation and meetings of oil producing countries to discuss output cut, while the market is quite fragile at the moment. In this regard, we believe stocks with strong dividend will receive attention and serve as a place for investors to park their cash.
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07
August
2017
Daily Focus : 7 August 2017, Bet on stocks with strong 2Q17 profit outlook and contractors
(views 72)
We expect the SET to move up to test 1,585, supported by U.S. non-farm payrolls in July, which came in higher than expected and higher than the 200,000 level for the second
month in a row. This week, lots of companies will announce their 2Q17 earnings results. Whats more, there will be an auction for the double-track project (Nakhon Pathom - Hua Hin), which should make contractors more attractive after they have decreased sharply in the previous week.
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04
August
2017
Daily Focus : 4 August 2017, Continue to be on stocks with strong 2Q17 profit and dividend outlook
(views 72)
We expect the SET to move sideways within 1,574-1,585 as markets wait for U.S. non-farm payrolls in July, which is due out todays evening. Meanwhile, there are two pressing
factors. First is uncertainty over President Trumps position after Robert Mueller has impaneled a grand jury for the Russia investigation. Second is crude which tumbled by 1% overnight. Given that, stocks with specific catalysts, e.g. strong 2Q17 profit or dividend, will remain a target for speculation.
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03
August
2017
Daily Focus : 3 August 2017, Continue to bet on stocks with strong 2Q17 profit and dividend outlook
(views 61)
We expect the SET to move sideways within 1,575-1,585 after ADP private-sector employment in July came in lower than expected. Moreover, there are factors that need monitoring. In particular, there will be BOE meeting, at which policy rate might be raised for the first time in 10 years. Whats more, U.S. non-farm payrolls are due out tomorrow. In Thailand, we still have to keep an eye on 2Q17 earnings season. In this regard, we believe that stocks with strong 2Q17 profit and dividend outlook should remain a target for speculation.
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02
August
2017
Daily Focus : 2 August 2017, Bet on stocks with strong 2Q17 profit and dividend outlook
(views 56)
We expect the SET to move sideways up to test 1,580 after investment sentiment is bright. However, we expect gain to be limited as markets continue to keep an eye on 2Q17 earnings season in the next two weeks and U.S. employment data in July, which is due out this Fridays night. Moreover, energy shares begin to lack support because crude tumbled by about 2% after it has rallied for six trading days.
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01
August
2017
Daily Focus : 1 August 2017, Bet on counters with strong 2Q17 profit and dividend outlook
(views 67)
We expect the SET to continue to move sideways down after there is no fresh catalyst to stimulate. Although the energy sector continues to be supported by crude which continued to rally by over 1%, the sixth straight day, key factor that determine market direction shares is 2Q17 earnings season, which will be announced in these two weeks. Meanwhile,
foreign investors booked a large net sell/short position in risk assets, i.e. equity and futures, yesterday. Given that, we expect the SETs gain to be limited in the near term.
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31
July
2017
Daily Focus : 31 July 2017, Selectively bet on stocks with strong 2Q17 profit outlook
(views 56)
We expect the SET to continue to move sideways after there was pressure from tension in the Korean Peninsula. Moreover, U.S. Senate voted against the repealing of Obamacare on Friday, triggering concern over the success outlook of other Trump policies. Nonetheless, energy shares should be able to provide support because crude continued to rally by 1.4%, the fifth gain in a row. Looking ahead, we view that there are two key issues that need close monitoring in the next 1-2 weeks. First is corporate earnings, which will determine market direction. If it is in line, we believe that it will create investor confidence. Second is international fund, which are likely to continue to stream in.
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27
July
2017
Daily Focus : 27 June 2017, Bet on counters with strong 2Q17 profit outlook
(views 106)
We expect the SET to continue to move sideways up after the Fed maintained policy rate, as expected. Whats more, the U.S. central bank also signaled that it would start normalization shortly. In this regard, we expect it to take place in September. Meanwhile, crude continued to rise by 1.8%, the third day in a row, which will continue to provide support for energy and petrochemical shares. Today, we recommend investors keep an eye on PTTEP which will report 2Q17 profit this afternoon. After which, it will be ADVANC in the evening. Looking ahead, we expect international fund to continue to stream in after the Baht turned to appreciate against key currencies this morning.
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26
July
2017
Daily Focus : 26 July 2017, Continue to bet on stocks with strong 2Q17 profit outlook
(views 78)
We expect the SET to continue to go sideways up and test 1,585 thanks to investment sentiment which is quite bright after other regional equity markets have increased quite sharply. In Thailand, the energy sector should continue to support the market after crude continued to rally by over 3%. Today, keep an eye on FOMC meeting, at which we expect policy rate to remain unchanged. In addition, large-cap counters, e.g. SCC, PTTEP and ADVANC, are about to announce their earnings results in the next two days. If they come in higher than expected, this should help increase market confidence. Finally, we expect the inflow outlook to remain.
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25
July
2017
Daily Focus : 25 July 2017, Bet on stocks with strong 2Q17 profit outlook
(views 75)
We expect the SET to swing up to test 1,580 thanks probably to support from crude. Specifically, it increased by 1.3%, which should help support energy shares to rise. Moreover, international fund looks set to continue to stream in, which will help trigger buying in mid- to large-sized shares. This week, investors should keep an eye on ADVANC, PTTEP and SCC; all of which are due to report their earnings results. Finally, we expect the FOMC to maintain benchmark rate at a meeting that is scheduled to be held during July 25-26.
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24
July
2017
Daily Focus : 24 July 2017, Buy stocks with strong 2Q17 profit outlook when decrease
(views 76)
We expect the SET to decrease to 1,565-1,570, pressured by energy shares because crude tumbled by 2.5% after there was report that the OPEC would raise their oil output this month. This week, factors that need watching comprise oilproducing countries meeting and FOMC meeting at which markets expect rate to be maintained. Moreover, there are earnings results of ADVANC, PTTEP and SCC; all of which are anticipated to be unexciting. Nonetheless, we believe international fund will continue to stream in, which should help support the market.
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21
July
2017
Daily Focus : 21 July 2017, Bet on counters with strong 2Q17 profit outlook
(views 75)
We expect the SET to continue to move sideways after the ECB maintained policy rate and monthly asset purchase of €60bn. However, the central bank will start discussing reduction of its QE in September. In Thailand, banks continue to see slight presure after BBLs 2Q17 net profit comes in lower than expected, while SCBs is in line. Looking ahead, fund looks set to continue to flow in, which will serve as support for the market.
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20
July
2017
Daily Focus : 20 July 2017, Selectively bet on counters with strong 2Q17 profit outlook
(views 92)
We expect the SET to continue to move sideways today. Although we believe that both the BoJ and ECB will maintain their easing stance, we have to look for clue on their future policy. According to the latest information, KBANKs 2Q17 net profit comes in lower than expected, while KTBs is weak, as expected. This leaves BBLs, SCBs and BAYs for today. If they do not come in lower than estimates, we believe they will help increase market confidence. Meanwhile, we expect international fund to stream in today.
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19
July
2017
Daily Focus : 19 July 2017, Selectively bet on counters with strong 2Q17 profit outlook
(views 99)
Today, we expect the SET to continue to move sideways, pressured by the reform on U.S. healthcare bill, which might not be successful. Given that, markets were also concerned about his other policies. Nonetheless, they will also pay attention this week to banks earnings results; many of which have come in higher than expected. In the meantime, the BoJ and the ECB meeting should continue with their easing stance. Hence, international fund should continue to stream into the country in the next 1-2 months.
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18
July
2017
Daily Focus : 18 July 2017, Bet on counters with strong 2Q17 profit outlook
(views 70)
We expect the SET to continue to move sideways down due to concern over Chinas liquidity after yesterday the PBOC injected 140bn yuan into the system, even though the countrys 2Q17 GDP came in strong. In the meantime, investors will continue to have their eye on the BoJ and the ECB meetings late this week, when we believe that both central banks will continue their easing stance, which will provide support for international fund to flow into the country in the next couple of months. Since Thai equity market lacks the most in the region and is the market that foreign investors bought nearly the least, it should serve as a target for this round of inflows.
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17
July
2017
Daily Focus : 17 July 2017, Bet on counters with strong 2Q17 profit outlook
(views 80)
We expect the SET to continue to move sideways within 1575-1585, supported by crude which continued to rise for seven days in a row. Meanwhile, U.S. inflation and retail
sales in June came in lower than expected. Given that, markets expect the Fed to slow their policy rate hike. Nonetheless, we believe that gain will be limited as investors have their focus on banks earnings that are due out this week. If they do not miss estimates, investors will be more confident, which will support the market to continue to rise. On fund flow, foreign investors look set to continue to record a net buy position into Thailand as the Baht continues to increase.
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14
July
2017
Daily Focus : 14 July 2017, Bet on counters with strong 2Q17 profit outlook
(views 76)
We expect the SET to continue to move sideways after the Fed Chairs testimony before Congress reassures markets that the central banks normalization will not affect financial markets and economic growth. Looking ahead, we expect international fund to continue to stream into Thailand. Yesterday, crude continued to increase by 1.3%, the sixth straight day. This is
positive for and will help energy shares and other large-cap counters to increase, which will support the market to increase.
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13
July
2017
Daily Focus : 13 July 2017, Let Profit Run
(views 57)
We expect the SET to rise to test 1580-1585 thanks to bright investment sentiment after equity markets around the global increased following an easing tone in the Fed Chairs statement before Congress. To elaborate, she mentioned that the Fed is ready to gradually increase interest rate if inflation remains low. Meanwhile, crude continued to rally by 1%, the second straight day, which should support energy shares as well as other large-cap counters to increase and lead the market. Moreover, the Bahts recent turn to appreciate should help support fund to stream in at faster pace.
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12
July
2017
Daily Focus : 12 July 2017, Selectively bet on stocks with strong 2Q17 profit outlook
(views 87)
We expect the SET to continue to move sideways as markets keep their eye on banks earnings results. As it happened yesterday, TISCO which was the first to deliver results
reported net profit that is higher than expected. Given that, the market should feel more at ease over other banks which will follow shortly. Tonight, there is important factor that needs attention. Specifically, its the Fed Chairs statement before Congress. Meanwhile, Donald Trump Jr. revealed that he received an email, promising sensitive information on Hillary Clinton from Russia. Although this has triggered concern over President Trumps position, we expect limited impact from it.
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11
July
2017
Daily Focus : 11 July 2017, Bet on stocks with strong 2Q17 earnings estimate
(views 64)
We expect the SET to continue to move sideways as markets turn their focus to banks earnings season this week, starting with TISCO today. Meanwhile, there is key factor that investors need to keep an eye on, i.e. the Fed Chairs policy statement before Congress in the middle of this week. At the G20 meeting held over the weekend, there were still issues over global warming and trade negotiation, in which the U.S. still had different views. Given that, we believe international fund will continue to flow out of Thailand.
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07
July
2017
Daily Focus : 7 July 2017, Be selective, focusing on high dividend counters
(views 94)
We expect the SET to continue to move sideways down after ADP non-farm payrolls came in lower than expected. Given that, we have to keep an eye on actual figure that
is due out tonight. In addition, there is G20 meeting and informal gathering of global powers this weekend over economic matters and the North Korea situation. In Thailand, banks earnings season will start next week. As a result, we expect international fund inflow to slow as foreign investors wait for clarity.
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06
July
2017
Daily Focus : 6 July 2017, Be selective
(views 74)
We expect the SET to move with negative bias after crude plunged by over 4%. Moreover, minutes of the latest FOMC meeting indicated that a number of Fed officials were in favor of a start of normalization process in the near future. Late this week, there are several key factors that investors need to keep an eye on. They include U.S. employment data in June, G20 meeting, and informal meetings of the leaders of key global powers, at which they should discuss North Korea crisis. Given that, we expect international fund to wait for clarity and slow its movement.
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05
July
2017
Daily Focus : 5 July 2017, Be selective
(views 69)
We expect the SET to move sideways. Investment sentiment is not very bright after North Koreas test launch of its missile. Given that, international fund flowed into safe haven assets. Gold and U.S. bond yield increased, while Yen and Swiss Franc appreciated. Looking ahead, fund looks set to stream into the region at slower rate. This morning, Asian equity markets opened down, while Asian currencies depreciated. This week, there are more factors that need monitoring. They comprise minutes of the latest FOMC meeting, U.S. labor data in June, and G20 meeting. In the meantime, todays MPC meeting should have any impact on markets. In particular, we expect the Committee to keep policy rate unchanged at 1.5%.
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04
July
2017
Daily Focus : 4 July 2017, Be Selective
(views 65)
We expect the SET to continue to increase thanks to investment sentiment which is quite bright. To elaborate, the Dow hit record high, supported by the financials sector. Crude continued to increase by 2.2%, the eighth day in a row. Looking ahead, there are a number of key factors that investors need to pay attention to this week. In the U.S., its labor data in June. In Thailand, banks earnings season will start from mid-July. Nonetheless, we believe there is chance that the SET will rise to test 1,600 once more if results do not come in lower than expected.
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03
July
2017
Daily Focus : 3 July 2017, Buy on weakness
(views 79)
The SET is likely to ease after the completion of the SET50/SET100 review. Given that, markets now wait new catalyst, i.e. banks 2Q17 earnings results, which will begin from the mid of this month. In this regard, there is chance the SET will rise to test resistance of 1,600 once more if earnings results do not go below estimates.
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30
June
2017
Daily Focus : 30 June 2017, Wait to buy on weakness
(views 62)
Although the SET looks weak, its not bad. Today, there are supports from the SET50/SET100 review and window dressing. Although the market might retreat after portfolio adjustment ends, we see limited downside because investors will turn their focus back on 2Q17 earnings preview and state investments in 2H17.
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29
June
2017
Daily Focus : 29 June 2017, Bet on specific factor
(views 99)
Today, the market sees positive sentiment from a strong rally in U.S. equity market after financials shares. Moreover, crude increased, providing support for the energy sector which lagged behind others, while ECB official clarified that Mr.Draghi did not intend to signal tightening. Given that, investors were more at ease. In Thailand, we continue to expect speculations on the newly additions to the SET50/SET100 and targets for window dressing, e.g. ROBINS, BJC, ADVANC, RATCH, and BANPU. Whats more, government investments in mega projects serve as catalyst for the market. In particular, the state is preparing to sell bid envelope for three double-track lines. On this theme, attractive counters comprise SCC, CK, and SEAFCO.
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28
June
2017
Daily Focus : 28 June 2017, Refine your picks and be even more selective
(views 88)
Although the SETs upside decreases to less than 1% when compared to key psychological resistance of 1,600, we believe investors will continue to select laggards among the SET50/SET100s newly additions as well as window dressing targets, e.g. ROBINS, BJC, ADVANC, RATCH, and BANPU. Whats more, government investment in mega projects continues to serve as catalyst. On this theme, attractive counters comprise SCC, CK, and SEAFCO.
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27
June
2017
Daily Focus : 27 June 2017, Be selective
(views 88)
The SET is likely to continue to rise. Moreover, there is chance the index will increase to test 1,600 this week, supported by window dressing and portfolio adjustment in the SET50/SET100 late this week. Moreover, there is the BoTs monthly economic report for May, which should point to positive outlook, and state investment in mega projects. Nonetheless, we believe Yellens speech in London will have limited impact on markets.
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26
June
2017
Daily Focus : 26 June 2017, Be selective
(views 79)
The SET is likely to increase due to a rise in domestic economic data, i.e. exports and tourism. Given that, the BoTs monthly economic report for May should also improve. Moreover, the market will bet on the governments mega investment as well as the EEC mentioned at Thailand’s Big Strategic Move late last week. Finally, banks 2Q17 earnings preview, trading of the counters to be added into the SET50/SET100 and window dressing will support broad investment sentiment to be good.
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23
June
2017
Daily Focus : 23 June 2017, Trading Buy
(views 74)
We expect the SET to continue to move sideways up, in line with the optimism over fund flow. In addition, crude starts to recover, which should help ease the selling in energy
shares, which put a weight on the Thai index lately. Meanwhile, Thailand’s Big Strategic Move has served as key factor that supports broad investment sentiment and should stimulate international fund to continue to stream into the country. Finally, banks 2Q17 earnings preview which is supported by a recovery in loans should help increase optimism in the banking sector. Nonetheless, upside might not open wide instantly because most of the bets are still in small- to mid-sized counters. This is observed from the SET:MAI ratio which continues to decrease.
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22
June
2017
Daily Focus : 22 June 2017, Bet on domestic plays
(views 74)
We expect the SET to move sideways up. Although there is pressure from crude which continued to fall by over 2%, we believe domestic plays are be able to help support the market thanks to continued state investments. Moreover, there will be an event, i.e. Thailand’s Big Strategic Move, in the next two days, which should help create confidence for foreign investors in terms of economic growth. Finally, since the Baht turns to appreciate once more, there is chance international fund will turn to flow into Thailand in the future.
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21
June
2017
Daily Focus : 21 June 2017, Buy on weakness
(views 115)
Today, we expect the SET to decrease because we believe that the energy sector will weigh after crude tumbled by over 2% last night due to a rise in supply from Libya and Nigeria. However, downside should not be large because we anticipate support from window dressing late this month. Meanwhile, the MSCIs decision to include A Share into its calculation will have limited impact because it will only become effective in May 2018. Hence, we believe fund will continue to stream into Thailand in the near future.
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20
June
2017
Daily Focus : 20 June 2017, Be selective
(views 78)
The SET is likely to continue to rally thanks to the bright sentiment in international markets after there is clarity over the Feds normalization. Moreover, key central bank meetings have passed and there is no pressure from European politics. This leaves just the MSCI whether it will allow Chinas A-shares into its index calculation today or not. In this regard, we believe impact will be limited and fund will continue to stream into EMs. Although crude which has decreased to its seven-month low might put pressure on the energy sector, this should not be a concern because they have already retreated. Finally, since the SETs upside is limited to just 1,600 points (until there is an upward revision), we recommend our investors to be more selective.
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19
June
2017
Daily Focus : 19 June 2017, Be selective
(views 75)
We expect the SET to continue to move sideways today. To elaborate, we anticipate the energy sector will see support from crude which starts to recover. Whats more, there is possibility Article 44 will be invoked to tackle petroleum problem in the land belonging to the Agricultural Land Reform Office at a joint meeting between the Cabinet and the NCPO this week. If its true, it will be positive for the PTT Group. In the second half of June, there should be benefit from window dressing. Furthermore, we expect international fund to continue to stream in, which will help support the index to continue to rally going forward.
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16
June
2017
Daily Focus : 16 June 2017, Selectively buy
(views 80)
We expect the SET to continue to move sideways today with key factor being the FTSE index review. Whats more, the SET will also announce additions to and deletions from the SET50 and the SET100. On fund flow, we expect foreign investors to turn to record a net buy position in the future. Moreover, there should be window dressing in the second half of June, which we expect to help support the index to continue to rally.
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15
June
2017
Daily Focus : 15 June 2017, Trade on weakness
(views 90)
We expect the SET to move sideways today after the FOMC delivered in-line meeting results. To elaborate, the U.S. central bank resolved to raise policy rate by 0.25%. Moreover,
it started to give a clearer signal on a normalization process of its balance sheet of US$4.5tn through gradual reduction of its holding of bonds and MBS this year, if the economy improves as expected. Meanwhile, the energy sector will put a cap on markets in the near term because crude tumbled last night after U.S. weekly oil inventory report came in higher than expected. Looking ahead, we believe international fund will turn to stream into EMs after recent U.S. economic data, including inflation, came in quite weak.
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14
June
2017
Daily Focus & Technical : 14 June 2017, Buy to speculate
(views 66)
We expect the SET to continue to increase thanks to investment sentiment which is quite positive this morning after both U.S. and European stock markets rebounded. Having said that, we expect the gain to be limited as investors continue to wait for FOMC meeting result tonight whether there will be signals over reduction of the Feds balance sheet which currently stands at US$4.5tn and how. Moreover, we believe international fund will flow into the country in the future. In this regard, we view the indexs upside for this round at 1580.
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13
June
2017
Daily Focus & Technical : 13 June 2017, Continue to trade within range
(views 79)
We expect the SET to continue to move sideways, even though foreign equity markets were capped by technology shares (a situation which we expect to have limited impact on Thai equity because we do not have such kind of stock). Looking ahead, investors will continue to wait for results from FOMC meeting due to be held today and tomorrow. Although it is quite certain that policy rate will increase by 0.25%, investors still need to keep an eye on signal to reduce the size of the Feds balance sheet. Given that, we believe the index will move within 1560-1573.
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12
June
2017
Daily Focus & Technical : 12 June 2017, Buy on weakness
(views 97)
We expect the SET to continue to move within narrow range. In addition, it is possible that the index will be pressured by negative investment sentiment in the beginning after international fund looks set to flow in a slower rate as markets wait for FOMC results on June 13-14, 2017 as well as BOE and BOJ meeting results on June 15-16, 2017. Nonetheless, we expect downside to be limited because we believe that the results should be in line with market forecasts. Furthermore, the SET normally
increased after the Fed raised interest rate in the past. Finally, portfolio adjustment to cope with FTSE and the SET50/SET100 index review will result in speculative buying in the counters that are anticipated to be added in.
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09
June
2017
Daily Focus & Technical : 9 June 2017, Trade in near term; let profit run for mid- to long-term investments
(views 153)
We expect the SET to move in positive territory after the ECB has decided to maintain its monetary policy, as expected. In the U.K., although Theresa Mays Conservative Party leads in the upcoming general election, she might not get enough votes and need to set up a coalition government. In the U.S., former FBI Director James Comey before the Senate did not stir investor concern for Donald
Trumps presidency as well as his many economic policies. Technically, after the index increased yesterdays afternoon. Hence, there is chance it will continue to rally to test resistance of 1575.
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08
June
2017
Daily Focus & Technical : dd June 2017, Trade on weakness
(views 84)
We expect the SET to continue to move within 1560-1573. To elaborate, there is chance it will decrease first after crude tumbled by over 5%, which will put pressure on energy shares. Whats more, there are key factors that investors have to keep an eye on today, comprising the U.K. general election, an ECB meeting and former FBI Director James Comeys testimony before the Senate on Russias involvement in the recent presidential election, which might have an impact on Mr. Donald Trumps presidency. Meanwhile, the Baht turned to slightly appreciate. Given that, we expect international fund inflow to slow. Technically, we believe the index will continue to move sideways after it failed to break through resistance near 1570-1573.
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07
June
2017
Daily Focus & Technical : 7 June 2017, Continue to trade within range
(views 78)
We expect the SET to continue to move sideways within 1560-1573. Tomorrow, there are key factors that investors need to keep close eye on, comprising the U.K. general election, an ECB meeting and FBI Director James Comeys testimony before the Senate in regard to pressure to end investigation over Russian intervention on U.S. presidential election. Hence, we expect international fund flow to slow while waiting for clarity. Technically, there is no material change. Since the Thai main index is still below resistance of 1570-1573, we predict it will continue to move sideways.
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06
June
2017
Daily Focus & Technical : 6 June 2017, Continue to trade within range
(views 81)
We expect the SET to continue to move within 1560-1573 as investors continue to pay attention and eye at the U.K. general
election, an ECB meeting on June 8, and a FED meeting next week. Whats more, international factors, i.e. terrorist attacks and Arab countries decision to cut ties with Qatar, add in pressure. Technically, the index was unable to break through resistance near 1570-1573. Hence, it is still likely to continue to move sideways. Nonetheless, we believe there is still chance that international fund will stream into EM (Thailand included) because they have lower risk. According to the latest data, the Baht continued to appreciate and started to fall briefly below Bt34 a U.S. dollar.
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05
June
2017
Daily Focus & Technical : 5 June 2017, Continue to trade with range
(views 77)
We expect the SET to move sideways within 1560-1573 after foreign equity markets did not responded negatively to U.S.
nonfarm payrolls in May which came in lower than expected. Looking ahead, markets will continue to eye at U.K. general election, an ECB meeting late this week, as well as a Fed meeting in mid-June. Technically, although the index is able to increase quite sharply after its sharp fall mid last week, it was unable to break through resistance of 1570-1573. Given that, we expect it to continue to move sideways.
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02
June
2017
Daily Focus & Technical : 2 June 2017, Trade on weakness and accumulate mid- to long-term bets at supports
(views 80)
The SET looks likely to move sideways within narrow range as investors continue to keep an eye on U.S. nonfarm payrolls
tonight. Moreover, there will be U.K. general election and a Fed meeting in the next two weeks. In Thailand, there is no fresh factor. Given that, the SETs outlook will become clearer once it has passed 1566 or gone below 1558.
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01
June
2017
Daily Focus & Technical : 1 June 2017, Trade on weakness; accumulate at supports for mid- to long-term investment
(views 89)
We expect the SET to move with negative bias after crude tumbled by 2.7% yesterday due to a rise in Libyas oil output. Given that, energy counters are likely to be under pressure. Looking ahead, investors will continue to keep an eye on Chinas Caixin manufacturing PMI as well as U.S. non-farm payroll. Moreover, there are key factors, i.e. FOMC meeting and general election in the U.K. Meanwhile, the Baht starts to turn to ease after the Thai currency appreciated to touch Bt34 a U.S. dollar. From a technical point of view, the index failed to break through resistance of 1575. After which, it tumbled quite sharply and began to fall below 1560 intraday. Hence, there is risk that the SET will continue to fall in the near term.
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31
May
2017
Daily Focus & Technical : 31 May 2017, Trade within range; place mid- to long-term bets on weakness
(views 85)
We expect the SET index to continue to move within range of 1560-1573 after there is no fresh catalyst to provide support.
Given that, the market will continue to eye at U.S. employment data. It is due to be out this weekend, which might have an impact on the
Feds monetary policy at a meeting scheduled next month. In particular, we anticipate it to affect timing of a Fed rate hike and
reduction of the central banks balance sheet. In Europe, there are political uncertainties. In particular, there is a general election coming
up in the U.K. and Italy might also have an early election. Technically, the index continued to be unable to break through resistance of 1573.
As a result, we expect the index to continue to move sideways.
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30
May
2017
Daily Focus & Technical : 30 May 2017, Trade within range; buy on weakness for mid- to long-term investment
(views 86)
We expect the SET to continue to trade within narrow range. Since a number of foreign markets are closed, the Thai main index lacks leading indicator. Looking ahead, there are quite a number of factors that need following. They comprise U.S. employment data, China PMI and general election in the U.K. Furthermore, there will be meetings of key central banks, i.e. the Fed and the ECB. Technically, the index failed to break through resistance of 1573. Hence, we expect it to continue to trade at 1563-1573.
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29
May
2017
Daily Focus & Technical : 29 May 2017, Buy on weakness
(views 105)
We view that the market is in a retreating phase and expect the SET to decrease modestly because there is no fresh catalyst to provide support. Moreover, the G7 meeting held during the weekend ended with different views, offering uncertainty in global politics, while there is additional pressure coming from the news that North Korea test fired another missile which landed in Japanese waters. Technically, the SET failed to break through resistance near 1570-1573. In addition, the candlestick chart started to be more negative. Hence, we expect the index to decrease to test supports in the near term.
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26
May
2017
Daily Focus & Technical : 26 May 2017, Gradually buy at supports
(views 121)
We expect the SET to move in negative territory. The loss is likely to be led by energy shares because crude tumbled by nearly 5% after markets were disappointed that OPEC meeting only extended output cut by nine months to 1Q18 and did not increase output cut. Nonetheless, we believe downside is limited because foreign investors continued net buy position in Thailand should provide support. Moreover, the Baht continued to appreciate. Technically, the SET should retreat to test supports after it failed to break through near-term resistance of 1570-1573. In this regard, we view that a fall serves as an opportunity to buy.
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25
May
2017
Daily Focus & Technical : 25 May 2017, Trade short-term bets within 1560-1575; wait to place longer position at supports
(views 105)
We expect the SET to continue to move in positive territory after the Fed meeting minutes indicated that most of the committee viewed it was appropriate to raise policy rate in the near future, which is in line. Moreover, they also began to discuss a plan to reduce the size of their balance sheet by U$4.5tn. Today, we expect upside to be limited as markets continue to wait for results from OPEC meeting, at which markets anticipate an extension to their output cut by six months at least. Technically, there is resistance at 1570-1575 at which we believe the SET is unable to break through in the near term after the index has rallied by over 2% from the trough seen last week.
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24
May
2017
Daily Focus & Technical : 24 May 2017, Place short-term bet on weakness; let profit on mid- to long-term positions run
(views 94)
We expect the SET to continue to rally thanks to momentum and investment sentiment which remain positive. However,
there are a number of factors that need attention. First, there are minutes of the FOMC meeting, which is due out tonight, whether there will be a signal on interest rate hike and how. Second, there is OPEC meeting tomorrow, at which markets expect output cut to be extended by six months at least. Moreover, the Thai main index has rallied by over 2% from its trough early last week. Given then, there might be pressure from selling in the near term, which will limit upside. Technically, the first resistance is at 1567-1570, at which a retreat will serve as an opportunity to accumulate, in our view.
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23
May
2017
Daily Focus & Technical : 23 May 2017, Cash in short-term bet if index does not break 1560-1563; continue to hold mid- to long-run position
(views 92)
We expect the SET to move sideways after it has increased quite sharply yesterday. However, we believe the explosion
at Phramongkutklao Hospital has limited impact. Moreover, the energy sector should continue to support the market thanks to optimism that OPEC will agree to extend output cut at a meeting on May 25, while investors wait for minutes of the latest FOMC meeting tomorrow whether there will be hint about a rate hike. Technically, if the SET is
able to break through resistance of 1560-1563, it is a clear positive signal. Otherwise, we expect the index to retreat.
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22
May
2017
Daily Focus & Technical : 22 May 2017, Place short-term bet if index breaks 1552; continue to hold mid- to long-term positions
(views 106)
We expect the SET index to continue to move sideways up, in line with U.S. equity markets which recovered quite
sharply after the concern over U.S. politics. Looking ahead, investors will keep close eye on the minutes of the latest FOMC meeting this week to look for signs of a rate increase. Technically, if the SET is able to go above resistance of 1552, the picture will be more positive. Moreover, there is chance it will continue to rally to the next resistances. However, if it does not, we view it as an opportunity to buy on weakness.
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19
May
2017
Daily Focus & Technical : 19 May 2017, Selectively buy on weakness
(views 121)
We expect the SET index to continue to move sideways as markets continue to keep close eye on U.S. politics, even
though it starts to ease a little bit, and volatility before FED meeting next month. Nonetheless, we continue to view that the SET will be able to rally going forward after foreign fund looks set to stream back into the Asia thanks to its strong economic backdrop, while the Thai main index has sharply decreased. Technically, the SET was unable to break through resistance of 1550. Given that, it is likely to continue to move within the previous range, which serves as an opportunity to buy on weakness, in our view.
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18
May
2017
Daily Focus & Technical : 18 May 2017, Selectively buy on weakness
(views 112)
In the near term, we expect the SET index to fall, in line with the negative investment sentiment as U.S. politics rocks President Trumps position and might escalate to the many stimulus plans that markets have been expecting. Nonetheless, we believe more international fund will flow back into Asia thanks to more attractive valuation and growth. Moreover, we believe selling and portfolio adjustment are coming nearly to an end after the SET has seen disappointing 1Q17 earnings results. Given that, we expect the index to rally going forward. Technically, the SET failed to break resistance of 1550. Hence, there is chance it will turn to fall. However, we view a loss as an opportunity to buy.
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17
May
2017
Daily Focus & Technical : 17 May 2017, Cash in short-term bet at 1550; continue to hold mid- to long-term position
(views 117)
We expect the SET index to continue to increase after we expect domestic institutions portfolio adjustment to be
nearly over. In the U.S., the data came in overnight were quite negative. Given that, the prospect that the Fed will raise interest rate next month is down from 83% last week to 74%. Moreover, there is chance international fund will turn to flow into risk assets. Technically, there is chance the index will rise to test resistance near 1550. If it is able to break through, it will make the picture look more positive. Otherwise, the chance for a fall remains.
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16
May
2017
Daily Focus & Technical : 16 May 2017, Bet on near-term rebound; hold mid- to long-term positions
(views 119)
We expect the SET index to recover after investment sentiment starts to be more positive this morning. Such sentiment is supported by a sharp rise in crude after Russia and Saudi Arabia has agreed to extend output cut until 1Q18. Moreover, it is believed that domestic instituions portfolio adjustment should be nearly over after all listed companies have announced their earnings results. Technically, the index has decreased to test support of 1530. After which, there began to be buyback, which made it possible for the candle stick to continue to have a tail, a more positive sign. As a result, we expect a technical rebound to test resistance near 1545-1550.
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15
May
2017
Daily Focus & Technical : 15 May 2017, Bet on near-term rebound; accumulate mid to long-term positions
(views 134)
We expect the SET index to continue to be volatile. In the near term, we expect continuous rebound after there was
buyback momentum late last Friday. However, we still need to keep close look on earnings results, which are due out for the last day today, and Thailands 1Q17 GDP. Technically, the candle chart starts to flash less negative signal. Specifically, the line at the bottom is getting clearer. Hence, it is possible that there will be a technical rebound first. If it fails to break resistance of 1550, it will turn to fall to test support of 1530.
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12
May
2017
Daily Focus & Technical : 12 May 2017, Place short bets at 1546; wait to increase mid- to long-term positions
(views 137)
We expect the SET to continue to ease because sentiment is rather negative after most earnings results come in lower
than expected. However, the picture is technically not very bearish because the index continued to close above 1550. Looking ahead, if the SET falls below 1546, its previous trough, this will pain a highly negative picture and there is risk that the index will decrease to test support of 1530.
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11
May
2017
Daily Focus & Technical : 11 May 2017, Trade short term to bet on rebound; accumulate longer term bets at supports
(views 158)
Today, we expect the SET index to continue to ease after there is no fresh catalyst to provide support. Furthermore,
earnings of most listed companies come in lower than expected. Nonetheless, we expect downside to be limited because the large gain in crude should make it possible for the energy sector to provide support for the market. Technically, there is support near 1557-1555 and there was buyback on Tuesdays late afternoon. Given that, we expect a technical rebound at such level.
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09
May
2017
Daily Focus & Technical : 9 May 2017, Trade short-term bet within range; continue to hold mid- to long-term ones
(views 157)
We believe the SET index will continue to move within narrow range after there is no fresh catalyst from abroad. In addition, Thai equity markets will be closed tomorrow. Looking ahead, we believe investors will continue to pay attention and keep close eye on earnings results all week this week. Technically, the SET was unable to break to hover above resistance of 1573-1575 yesterday. Hence, we believe that the index will continue to move within 1563-1573.
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08
May
2017
Daily Focus & Technical : 8 May 2017, Trade short term; Hold mid- to long-term bets and let profit run
(views 142)
We expect the SET index to increase today after investment sentiment is quite bright. The upbeat sentiment is
supported by U.S. non-farm payrolls in April which increased more than expected. Moreover, Emmanuel Macron won the second round of the French presidential election, defeating Marine Le Pen by a wide margin. Technically, the index started to rebound thanks to support from the buying after it had eased to test support of 1564. Given that, there is chance it will increase to test or go above resistance of 1573-1575 today.
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05
May
2017
Daily Focus & Technical : 5 May 2017, Trade short bet within range; Continue to hold longer positions
(views 127)
Although the SET looked better, volume was thin when compared to its 10-day average. Moreover, most of the buying
was from domestic institutions, while foreign investors continued to record a net sell position as they waited for U.S. employment data and second round of the French presidential election. Meanwhile, crude continued to tumble by over 5%. Given that, it will put pressure on the energy sector whose weight is about 19% of the SET. Since there is risk that the energy index will decrease to 20600 (from 20829), the SETs upside is more limited today than the previous day. Technically, positive signal will fully resume only when the SET turns to hover above 1576. Otherwise, there is still risk it will decrease to 1560-1563. Hence, if the index increases today, investors should sell to lock in profit rather than buy.
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04
May
2017
Daily Focus & Technical : 4 May 2017, Trade short term; hold mid- to long-term bets
(views 120)
We expect the SET index to continue to move within narrow range after the FED resolved to keep policy rate unchanged as markets had anticipated. Moreover, the FOMC meeting also maintained its view for moderate growth amid strong labor market. Nonetheless, the Committee did not signal about policy tightening. As a result, markets remain cautious in their trading and turn their focus to U.S. non-farm payrolls in April that is due out today as well as final round of the French presidential election this weekend. Technically, the index continued to move sideways and was unable to break to hover above 1570. Given that, we expect it to continue to move within 1560-1573.
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03
May
2017
Daily Focus & Technical : 3 May 2017, Trade short term; hold mid- to long-term bets
(views 128)
We expect the SET index to continue to move within narrow range as markets continue to keep close eye on a number of
factors. Internationally, there is Fed meeting, at which markets expect it to keep policy rate unchanged and to signal policy tightening. Moreover, there are U.S. Congress passing of budget bill to avoid government shutdown, U.S. non-farm payrolls for April, and second round of the French presidential election. Locally, there are listed companies earnings results. Technically, the index is still moving sideways, building up base. In the past several days, it moved within narrow range and was unable to break to hover above 1570. Given that, we expect it to move within range of 1560-1573.
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02
May
2017
Daily Focus & Technical : 2 May 2017, Trade short term; hold mid- to long-term bets
(views 148)
We expect the SET index to continue to move within narrow range after late last week U.S. Congress has passed a
temporary budget bill covering a period of one week to end on May 5. Moreover, they prepare to pass a budget bill of US$1tn to avoid government shutdown, which will make it possible for the U.S. government to operate until September 30. However, investment sentiment remains capped by lower-than-expected U.S. economic data, i.e. March construction spending and April manufacturing ISM. Technically, the index was unable to break through 1570 last week. Hence, we expect the index to continue to move within 1560-1573.
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28
April
2017
Daily Focus & Technical : 28 April 2017, Lock in short-term profit at resistance; Continue to hold longer-term bets
(views 170)
We expect the SET index to continue to move within narrow range after the ECB kept its policy rate on hold at 0% at
yesterdays meeting. However, the European Central Bank revised down its bond purchase budget from €80bn per month to €60bn per month at latest until the end of this year. Tonight, markets will continue to keep an eye on U.S. debt ceiling. To elaborate, the U.S. government has reached its ceiling to create debt, which might result in government shutdown again. Nonetheless, ADVANCs profit which came in yesterday was sharply higher than expected. This might somewhat help support investment sentiment. Technically, we expect the index to continue to move within 1560-1573.
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27
April
2017
Daily Focus & Technical : 27 April 2017, Lock in near-term profit at resistance; hold mid- to long-term bets
(views 155)
We expect the SET index to move within narrow range after investors are slightly disappointed that there are no
sufficient detail in U.S. tax reform plan. In particular, it does not improve much from it was when President Trump ran for office.
Meanwhile, there are factors that need monitoring. First, the BOJ and the ECB will meet today. Second, there is U.S. debt which is up to the
ceiling, renewing market concern over default risk. Third, ADVANC will announce 1Q17 earnings results this evening. Technically, although our view starts to be more bullish thanks to yesterdays rebound, if the index is unable to rise above 1570-1573, there is still risk that it will turn to retreat to test supports.
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26
April
2017
Daily Focus & Technical : 26 April 2017, Hold after bets are placed
(views 204)
We expect the SET to rebound today after the index recovered well before it was closed yesterday. Meanwhile, broad
investment sentiment is bright. To elaborate, U.S. corporate earnings were strong. Moreover, North Korea did not conduct nuclear or missile test yesterday. Nonetheless, there continued to be factors that markets continue to keep an eye at. They comprise announcement of U.S. tax reform plan today as well as BOJ and ECB meeting tomorrow. Technically, there was buyback momentum at 1555-1553, which made it possible for the index to strongly rebound. The candle chart started to flash more positive near-term signals. Given that, there is chance the SET will bounce back to test resistance.
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25
April
2017
Daily Focus & Technical : 25 April 2017, Gradually buy at support
(views 179)
Today, we expect the SET index to rise in line with investment sentiment, which is quite bright. However, upside looks
likely to be limited as the world is keeping an eye on North Korea whether the country will conduct nuclear or missile test at its 85th
anniversary of the foundation of the Korean Peoples Army today or not. Moreover, investors are waiting for progress on U.S. tax reform
plan tomorrow as well as BOJ and ECB meeting on Thursday. Technically, the index has gone below 1565. Hence, there is chance it
will fall to test support of 1560.
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24
April
2017
Daily Focus & Technical : 24 April 2017, Wait to buy at support
(views 184)
Today, we expect the SET index to continue to increase in line with investment sentiment which remains quite positive after the first round of the French presidential election delivered in-line results. To elaborate, Emmanuel Macron and Marine Le Pen, the two key candidates, passed to the final round in early May. However, we still need to keep close eye on the situation in the Korean Peninsula after North Korea has detained an American, the third of late, and said that Pyongyang was ready to sink U.S. aircraft carrier to demonstrate its power. Given that, the SETs upside is likely to be limited. From technical point of view, if the index continues to fail to break through and hover above resistance of 1573-1575, there is chance it will turn to retreat to test support of 1560.
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21
April
2017
Daily Focus & Technical : 21 April 2017, Wait to buy at support
(views 175)
Today, we expect the SET to increase in line with the positive investment sentiment after the Dow ended up by nearly 200
points overnight, supported by the statement made by the U.S. Secretary of the Treasury that a major tax reform plan would be
revealed. Nonetheless, earnings results of most Thai banks were lower than expected. The first round of the French presidential election will take place this weekend. The Baht continues to decrease. Hence, we believe foreign fund inflow will continue to slow, causing upside to be limited. Technically, if the SET is unable to break through and hover above resistance of 1570-1572, we believe there is still chance that the index will fall to test support of 1560.
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20
April
2017
Daily Focus & Technical : 20 April 2017, Wait to buy at support
(views 179)
The SET is likely to continue to fall due to persistently negative investment sentiment, in line with the Dow which
closed down by over 100 points overnight due to disappointments over listed companies earnings results and a sharp fall in crude. In Thailand, banks earnings results were slightly lower than expected. Moreover, the sharply lower crude will also put pressure on domestic energy counters. In both the Korean Peninsula and Europe, situation remains gravely uncertain and needs to be closely monitored. Technically, the picture remains negative in the near term after the SET has fallen below support of 1570 and there is chance to continue to fall to test support of 1560.
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19
April
2017
Daily Focus & Technical : 19 April 2017, Selectively buy stocks with strong earnings outlook on weakness
(views 195)
There is risk the SET will continue to fall today due to rather negative investment sentiment. To elaborate, there is still uncertainty in the Korean Peninsula. U.S. equity market ended down after Goldman Sachs earnings results disappointed. In Europe, there are certain issues that investors need to keep an eye on. Specifically, the first round of the French presidential election is set to be held this weekend, while the British Prime Minister has announced an early election on June 8. Technically, the index started to go below support of 1575. As a result, there is risk it will decrease to test support of 1570. However, KTB reported in-line solid 1Q17 earnings results this morning. Hence, banks should help support the market and limit loss today. In the near term, we view that fund will stream into bond rather than equity market due to foreign investors net buy position in that market and the decline in U.S. bond yield.
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18
April
2017
Daily Focus & Technical : 18 April 2017, Selectively buy stocks with strong earnings outlook
(views 156)
The SET looks likely to see a technical rebound after the tension in the Korean Peninsula has eased. Moreover, U.S.
corporate earnings came in strong, particularly in the financial sector. Together they helped support fund to flow back into risk assets. Meanwhile, U.S. bond yield and the VIX index decreased. Golds gain paused. In Thailand, both TISCO and KTC delivered better-than-expected earnings results after markets have factored in TMBs earnings performance. However, investors still need to keep an eye on selling. If the index goes below 1575, there is risk that it will continue to fall to 1570-1568.
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17
April
2017
Daily Focus & Technical : 17 April 2017, Bet on stocks with strong earnings outlook
(views 162)
The technical picture started to have more positive signal after the index broke through resistance of 1586 and close at its daily high. However, the gain was modest when compared to resistance of 1595-1600. Moreover, the tension escalated in the Korean Peninsula, while Chinas 1Q17 GDP will be announced this morning and the Feds Beige Book on Wednesday. Hence, investors need to remain cautious over selling. Furthermore, there is risk that index will retreat to test supports. However, the start of earnings season will help limit loss.
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12
April
2017
Daily Focus & Technical : 12 April 2017, Buy on weakness
(views 165)
Although most Asian equity markets are pressured by the tension in the Korean Peninsula, we believe that the energy sector and banks will be able to support the SET to outperform its regional peers. Meanwhile, Federal Reserve Chair Janet Yellens speech last night does not put a cap on markets. According to historical data, the SET normally increases by an average of 2% after Songkran. Given that, we believe that the SETs prospect is still good. However, it depends largely on banks earnings results. Technically, the index begins to flash better signals. In particular, it increased to test resistance at 1586 again yesterday. Whats more, trading volume was heavier than the day before yesterday. This implies better chance that it will break such level. For these reasons, we believe the SET will continue to move within 1575-1586 today.
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11
April
2017
Daily Focus & Technical : 11 April 2017, Buy on weakness
(views 168)
We expect the SET to move within narrow range of 1575-1585 amid persistently weak trading volume. Foreign fund inflow
looks set to slow due to the conflicts between the U.S., Syria and North Korea and President Trumps executive order to review trade deficits with 16 nations. Investors are cautious over earnings season which is about to begin in the U.S. In Thailand, the SET normally increases by an average of 2% before Songkran, according to past data. We believe it is possible this year with banks as key driver.
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10
April
2017
Daily Focus & Technical : 10 April 2017, International factors pressure; buy on weakness and then hold
(views 180)
We expect the SET to trade within 1575-1590 amid weak trading volume because there will be only three trading days this
week. Moreover, investors remain cautious over trading due to the wars in Syria and the tension in North Korea, which drives international fund to flow into bonds more than risk assets. Although Thai equity markets look set to retreat in the near term, we believe the energy sector will provide support. Despite the downside risk, investors may bet on counters with strong earnings preview. Technically, although the SET stabilizes, supported by 10-day average line, there were times that it slipped and selling which pressured the index to be volatile. Hence, it is more likely that the index will decrease.
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07
April
2017
Daily Focus & Technical : 7 April 2017 , SET continues to be volatile and decrease; continue to wait to buy on weakness
(views 198)
Yesterday (April 6), most foreign equity markets decreased quite sharply because the latest minutes of FOMC meeting
mentioned about QE tightening after the Feds balance sheet was high at US$4.5bn. As a result, investors were concerned that international fund might flow out of Asia to U.S. and European stock markets. Nonetheless, since the Fed did not give any clear volume and period, most of the equity markets on both sides of the Atlantic managed to recover. Moreover, some Asian stock markets also opened higher this morning. Given that, there is chance that the SET will move sideways this morning. However, we expect upside to be limited due to lack of fresh catalyst. Whats more, the indexs technical picture signals weakness. Hence, we continue to anticipate a fall, which will serve as opportunity to place more bets.
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05
April
2017
Daily Focus & Technical : 5 April 2017, SET moves wildly within previous range; wait to buy on weakness
(views 227)
The SET continues to see support from Asian equity markets which opened up this morning. In addition, crude was up
(hence, the energy sector will lead the market), and foreign investors continued to record a net buy position in all of the three markets (albeit lower trading volume). However, investors remain cautious about a meeting between Chinese and U.S. presidents late this week, which might have an impact on foreign fund flow. Technically, the signals do not improve. To elaborate, the index only moved sideways within range and continued to be volatile. Furthermore, it remains capped by an overbought. As a result, the index is likely to fall, which serves as an opportunity to buy.
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04
April
2017
Daily Focus & Technical : 4 April 2017, ET remains volatile with narrow range; wait to buy on weakness
(views 226)
This morning, investment sentiment in Asian equity markets is not bright after both most U.S. and European stock markets closed down last night due to U.S. manufacturing data which slowed in March. Moreover, U.S. auto sales in the previous month also decreased for the third straight month. As a result, investors are concerned over U.S. economic outlook. Whats more, some investors continue to wait for minutes of the ECB meeting in March, which is due out this Thursday whether there will be signal on a change in policy direction or not. Meanwhile, global crude continued to weaken after U.S. oil rigs continued to increase for the 11th straight week. Technically, the SET continued to be volatile and moved within a range seen late last week. In addition, near-term indicators remained overbought. Hence, there is still chance that the SET to fall first.
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03
April
2017
Daily Focus & Technical : 3 April 2017, Buy on weakness
(views 229)
Since the SET has no fresh good news coming in, together with a weaker US economic data and Brexit talks, FSS expects
the market’s rebound to be narrow. On the technical front, technical indicators has showed negative signs pressured by bearish engulfing pattern, we believe the SET is likely to be lower. However, we see a downturn as a buying opportunity.
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31
March
2017
Daily Focus : 31 March 2017, SET still likely to be volatile; continue to buy on weakness
(views 169)
Last night, both U.S. and European stock markets closed up, positively responding to final 4Q16 U.S. GDP estimate which
calls for the economy to expand more than expected. Furthermore, there was support from global crude which jumped by nearly 2% after
there was report that a number of oil producing countries had supported extended output cut. Given that, Asian equity markets
turned to open up this morning after most of they closed down yesterday, while the SET is also likely to continue to rally today.
Nonetheless, the Asian gain was quite limited. Furthermore, there seems to be selling to lock in profit, which will pressure the index to
be volatile. This is due partly to concern over the next Fed rate hike this year after U.S. economic data continued to come in stronger than
expected. As a result, FSS expects the SETs gain to be narrow at this time. Whats more, investors need to watch out on a fall before the
index turns to rally as before.
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30
March
2017
Daily Focus : 30 March 2017, SET volatile; wait to buy on weakness
(views 178)
The SET continued to move close to the peak of this round near 1580 after the Fed Chair did not provide any clue about the next rate hike at her talk in Washington D.C. Moreover, U.S. economic stimulus remained strong. Global crude continued to recover after armed rebel forces shut down key oil wells in Libya. U.S. oil inventories increased less than what the EIA had expected. However, the SET has rallied quite quickly in the last round. Whats more, some investors would like to wait, while assessing possible impact after the U.K. has initiated the process to officially exit the EU, and keep an eye on the EU which will reveal its moves on Brexit tomorrow (March 31) once again. With that, FSS believes the SETs upside to be limited. Furthermore, investors need to be cautious about a fall.
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29
March
2017
Daily Focus : 29 March 2017, Despite gain, SET likely to be volatile; wait to buy on weakness
(views 168)
Last night, both U.S. and European equity markets were able to end strongly up. Although the Fed Chair did not signal anything about the next rate hike in her speech in Washington D.C., the strong U.S. economic data continued to help cement confidence over economic recovery and ease investor concern over President Trumps draft healthcare bill, which was earlier withdrawn from the U.S. House of Representatives. Meanwhile, global crude started to recover thanks to a report that Libyas oil production decreased after armed rebel forces have shut down two oil wells. Whats more, there was support from hope that oil producing countries would reach a deal to extend their output cut until the end of this year. However, Asian stock markets opened modestly up and were volatile this morning. Given that, FSS expects the SET to be volatile and decrease.
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28
March
2017
Daily Focus : 28 March 2017, SET steadies amid volatility; wait to buy on weakness
(views 166)
The Dow closed sharply lower by nearly 200 points in the beginning because investors were uncertain that President Trumps
economic stimulus plan will get an approval from the U.S. House of Representatives. However, there was support from buyback momentum
after the fall, which made it possible for the U.S. index to climb back to where it ended only slightly lower. This is due probably to the fact that a number of investors continued to wait for the Fed Chairs speech in Washington D.C. which is due to take place todays evening again. Given that, many Asian equity markets managed to open higher this morning. Nonetheless, the gain was quite modest. Hence, FSS expects
the SET to also steady, continuing to move within its previous range. Having said that, investors need to remain cautious over future falls in order to build up base for a new round of rallies going forward.
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27
March
2017
Daily Focus : 27 March 2017, SET sharply increases and likely to fall; wait to buy on weakness
(views 184)
Last Fridays night, the Dow continued to be volatile and decreased before the market was closed after the U.S. House of
Representatives withdrawn the draft American Healthcare bill, which would replace the Obamacare, after there were insufficient votes
among the Republican to drive the legislation. Hence, investors were concerned that President Trumps economic stimulus plan might delay.
This morning, most Asian equity markets continued to move in negative territory. As a result, FSS expects the SET to decrease. However, we view that a loss will serve as an opportunity to buy because foreign funds look set to flow into Asian once again. In particular, we started
to see foreign investors record a net buy position in Thailand lately. On the currency front, the Baht continued to appreciate. Given that, we expect large-cap counters to lead the market going forward.
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24
March
2017
Daily Focus : 24 March 2017, SET likely to be volatile and decrease; buy on weakness
(views 165)
We expect the SET to continue to be volatile and decrease. Although the index was able to stabilize in the last few days, there is no fresh catalyst to provide support. Although most European stock markets turned to end up last night and the Dow ended only slightly lower, the U.S. Index dropped from its intraday gain of nearly 100 points due to investor concern over the delay in President Trumps stimulus plan after U.S. House of representatives had postponed their deliberation on the draft of a new health care bill that replaces Obamacare because there were insufficient votes within the Presidents party to support such legislation. Furthermore, global crude continued to weaken after there were reports that U.S. oil stockpiles and rigs continued to rise last week. Meanwhile, the Fed Chairs talk yesterday did not offer any clue as investors had anticipated.
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23
March
2017
Daily Focus : 23 March 2017, Hold already-have position and place new bets on weakness
(views 156)
Investors were concerned that President Trumps stimulus plan might face delay. Moreover, there was pressure from U.S.
existing home sales which decreased more than expected. However, the Dow somewhat recovered and clawed back some of its loss last night after the index continued to tumble by nearly 90 points in the beginning. Besides what happened in the U.S., we also see a recovery in many European equity markets. Given that, most Asian stock markets were able to open slightly higher this morning. In Thailand, FSS expects the SET to continue to steady from yesterday. However, there is no fresh catalyst. Furthermore, some investors will continue to wait for the Fed Chairs talk later today to see whether there will be a signal on the next rate hike this year. As a result, investors need to watch out on volatility and a loss.
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22
March
2017
Daily Focus : 22 March 2017, Wait to buy on weakness and hold already-have positions
(views 150)
This morning, investment sentiment in international equity markets looks weaker as investors remained concerned over the
uncertainty of President Trumps economic plan. Given that, the Dow closed down by over 200 points overnight. In Europe, stock markets were capped by a fall in bank shares. As a result, most Asian equity markets opened lower this morning and many tumbled by over 1%. This should pressure the SET which has rallied sharply in the past week or so to decrease. Meanwhile, some investors continue to wait for the Fed Chairs speech tomorrow (i.e. March23) to look for clear signal of the next rate hike. Given that, FSS expects the SET to decrease briefly before it turns to move up in the future.
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21
March
2017
Daily Focus : 21 March 2017, SET still likely to ease; wait to buy on weakness
(views 166)
This morning, international equity markets were not bright because most U.S. and European stock markets closed down last night due to a number of reasons. First, investors were concerned over President Trumps tax reform and stimulus plans, which might take longer time than anticipated. Second, investors were disappointed with meeting results of finance ministers and central bankers of the G20 over the weekend. Third, there was pressure from another decline in global crude after Baker Hughes, a U.S. oilfield service company, reported that U.S. oil rigs continued to increase for the ninth straight week. Nonetheless, the loss in both U.S. and European stock markets was not large. Given that, most Asian equity markets continued to steady, moving within narrow range this morning. Whats more, FSS expects the SET to also stabilize in the beginning. After which, there is risk that the index will decrease.
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20
March
2017
Daily Focus : 20 March 2017, SET continues to be volatile and retreat; wait to buy on weakness
(views 162)
This morning, investment sentiment in international equity markets was quite directionless. Although most European stock
markets ended up, the gain was quite small. In the U.S., the Dow continued to close slightly down. Given that, most Asian equity
markets began to ease this morning, while investors continued to wait for the Fed Chairs speech on March 23 to look for clues about the next rate increase this year. In Thailand, the SET has increased quite quickly in the last round. Given that, FSS expects the index to decrease, which will serve as an opportunity to buy. However, downside should be limited since there is no fresh downside risk to put pressure. Moreover, global crude also started to stabilize better due to U.S. depreciation and after some key oil exporters from both in and out of the OPEC continued to signal further production cut in order to ease concern over supply glut.
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17
March
2017
Daily Focus : 17 March 2017, SET still likely to be volatile and decrease; wait to buy on weakness
(views 167)
The SET is likely to be more volatile. Moreover, the index might decrease after it has rebounded in response to the news that the Fed should not speed up its tightening this year as many started to anticipate. Moreover, it has increased quite sharply since the beginning of the week. This morning, most Asian equity markets began to see smaller gain after U.S. stock markets were volatile and somewhat eased due to selling in healthcare shares. Furthermore, global crude weakened due to concern over a report that a number of OPEC members were yet to reduce their production to the agreed level. Given that, FSS continues to believe the SET will be volatile and decrease. However, downside should narrow. Whats more, there is still chance for the index to climb to our end-2017 target of 1650 in the future.
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16
March
2017
Daily Focus : 16 March 2017, After bets are placed, hold them to wait for new round of rallies
(views 186)
This morning, investment sentiment in foreign equity markets is brighter after the Fed has hiked its benchmark rate by
0.25%, as expected. Moreover, the Fed Chair signaled that the central was in no hurry to raise its policy rate. In particular, there should be
just two more increases this year, as markets have predicted. Meanwhile, energy counters were supported by global crude which
recovered by more than 2% thanks to U.S. oil inventories which decreased from last week. The loss is in contrast to most analysts
anticipation for a rise. Given that, most Asian stock markets opened up this morning. Although the gain was modest, FSS believes it will help stimulate buying, which will make the SET stabilize better. Furthermore, there is still chance that the Thai main index will
rebound to move in positive territory, as expected.
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15
March
2017
Daily Focus : 15 March 2017, SET continues to see support amid volatility and weakness; Buy on weakness and then hold
(views 177)
U.S. stock markets continued to weaken. Besides the concern over a Fed rate increase, the Dow was also pressured by a sharp fall in airlines counters after flights had to be cancelled due to snow storm. Moreover, global crude tumbled by over 1% owing to a report that several OPEC-member countries oil production continued to exceed their quota. Such fall also pressured most European equity markets to end lower and caused Asian equity markets to weaken this morning. However, the Asian loss was modest. Given that, FSS expects the SET to be volatile and move within narrow range. Moreover, there is chance the index will steady, waiting for a rebound back to our end-2017 index target of 1650 in the future.
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14
March
2017
Daily Focus : 14 March 2017, SET stabilized well; buy on weakness and then hold
(views 177)
Last night, the Dow continued to move within narrow range and eased after investors slowed their trading while waiting for
results from a Fed meeting tomorrows night (i.e. March 15) after it was widely anticipated that the Fed would hike policy rate. However, most European equity markets continued to end up well. Given that, most Asian stock markets continued to increase this morning. Meanwhile, global crude started to stabilize within narrow range, even though it was capped by concern over the rise in U.S. oil stockpiles after the number of oil rigs continued to increase. In Thailand, there is catalyst from the fact that foreign investors turned to record a net buy position. Given that, FSS expects the SET to steady waiting for a rebound to our end-2017 index target of 1650 in the future.
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13
March
2017
Daily Focus :13 March 2017, SET steadies amid volatility; buy on weakness
(views 161)
Last Fridays evening, U.S. non-farm payrolls came in strong as expected, while unemployment rate decreased to 4.7%, a level seen by investors as an indicator that there was high chance the Fed would hike policy rate at a meeting in the middle of this week. Although the Dow was quite volatile, it managed to end up. This morning, although Asian stock markets continued to be directionless, they steadied mostly. Given all that, FSS continues to believe the SET will be volatile, moving wildly within narrow range, to build up base and wait for support from buying that will support it to climb as expected. Note we still maintain our end-2017 index target at 1650.
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10
March
2017
Daily Focus : 10 March 2017, Buy on weakness and then hold
(views 189)
The U.S. stock market last night closed slightly up after fluctuations during sessions while European markets gained at
close as ECB held rates and vowed to carry on with its asset-buying program. Shares in Asia are trading mixed this morning. FSS believes
the SET will stabilize better and is about to gain shortly.
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09
March
2017
Daily Focus : 9 March 2017, SET begins to steady and likely to rebound; buy on weakness and then hold
(views 154)
In the U.S., stock market continued to end lower because global crude took a dive of over 5% after the EIA reported that
U.S. oil stockpiles continued to increase for the ninth straight week. Furthermore, there was concern over a Fed rate hike at a meeting next week after U.S. employment rate surged more than expected in February. In Europe, most equity markets continued to close up after Germans February manufacturing production index increased more than expected. In Asia, stock markets opened mixed within narrow range this morning. In Thailand, the SET started to see buyback following a sharp fall yesterday. Given all that, FSS believes the SET will stabilize better and is about to gain shortly.
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08
March
2017
Daily Focus : 8 March 2017, SETs upside widens; gradually buy and then hold
(views 181)
Last night, both U.S. and European stock markets continued to weaken. Besides the concern over a Fed rate increase at a
meeting next week (i.e. March 14-15), investors were also concerned over U.S. policy uncertainty after President Trump prepared to introduce a new health plan that will replace Obamacare. In Europe, German factory orders tumbled in January. Given that, investors will continue to keep an eye on ECB meeting tomorrow and U.S. non-farm payrolls on Fridays evening (i.e. March 10) in order to look for clue on a Fed rate hike next week. For these reasons, FSS still believes that the SET will continue to move down.
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07
March
2017
Daily Focus : 7 March 2017, SETs upside widens; recommend selective buy
(views 175)
This morning, investment sentiment in international equity markets was not bright after most U.S. and European stock
markets tumbled due to concern over a Fed rate hike at a meeting next week after the Fed Chairs supportive statement during her speech made late last week. Moreover, there was political tension after North Korea launched missiles in Japanese waters. In Europe, banks were pressured by reports that Deutsch Bank had announced more capital hike of €8bn, while the political uncertainty in France hit investment sentiment in equity markets. Finally, global crude remained directionless. Given all that, FSS expects the SET to continue to fall.
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06
March
2017
Daily Focus : 6 March 2017, SET likely to continue to fall; wait to buy on weakness
(views 157)
Last Fridays evening, the Fed Chair clearly signaled that the central bank was ready to raise benchmark rate at a meeting in March, if the economy expanded in line with its forecast. The comment was in tandem with the view made by several Fed officials earlier. Given that, the Dow swung back and forth within narrow range. Moreover, Asian equity markets continued to decrease this morning. Although global crude increased by over 1%, supported by U.S. dollar depreciation and evacuation of the workers at Es Sider Port in Libya
due to violence in the nearby area, there was pressure from the concern over increased supply after there was report that U.S. oil rigs continued to increase for the seventh straight week. For these reasons, FSS continues to believe that the SET still stand a chance to move down.
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03
March
2017
Daily Focus : 3 March 2017, SET likely to move down after rebounds; wait to buy on weakness
(views 157)
Last night, U.S. stock market turned to tumble by over 100 points after it continued to increase by more than two weeks and jumped the other day. As a result, there was selling to lock in profit once again. In particular, speculation started to increase that the Fed would hike policy rate at a meeting in the middle of this month, while investors chose to be on the sidelines, waiting for the Fed Chairs speech in Chicago in the evening. Given that, European equity markets were down last night, while its Asian peers decreased this morning. Although the loss was smaller than that in the U.S., it also has an impact on Thai equity market. Meanwhile, the SET has bounced back for three consecutive days and there is pressure from global crude which dropped by more than 2%. As a result, FSS continues to believe that the SETs rebound was temporary and the index will turn to move down again, as expected.
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02
March
2017
Daily Focus : 2 March 2017, Although SET likely to continue to gain, upside is limited and there is chance index will turn to decrease
(views 194)
The US$1bn budget that President Trump planned to invest in the countrys infrastructure helped stimulate equity markets on both sides of the Atlantic to end up by over 1% overnight. Moreover, it helped most Asian stock markets to continue to open high this morning. Given that, it should also support the SET to continue to rebound. However, President Trump was yet to provide clarity about timing of each measures and some investors might have persistent concern over U.S. rate hike whether it will take place at FOMC meeting on March 14-15 or not. Moreover, global crude turned to ease late in the night after it recovered in the evening following an EIA report that
U.S. oil inventory increased to record high. Hence, investors need to remain cautious as the SETs upside is limited and there is chance that the index will turn to decrease.
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01
March
2017
Daily Focus : 1 March 2017, SET still likely to continue to fall; wait to buy on weakness
(views 154)
The Dow started to see selling which pressured it to move in negative territory and end slightly lower after the index has increased for 12 straight trading days, while waiting for President Trumps State of the Union Address before Congress which is scheduled to take place this morning local time. Moreover, the Dow was pressured by U.S. GDP in 4Q16 which expanded lower than expected. However, most European stock markets continued to end higher. Given that, many Asian equity markets continued to open up. However, the gain was modest because they continued to be capped by global crude which started to weaken again. In this regard, FSS expects the SET to steady and continue to increase for a while as markets wait for details of U.S. economic stimulus. Nonetheless, gain should be limited. In
addition, investors need to remain cautious over selling that will pressure the index to turn to decrease in the end.
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28
February
2017
Daily Focus : 28 February 2017, Despite alternate gain, SET likely to continue to decrease
(views 151)
Last night, the Dow continued to end up for the 12th straight day after President Trump said that he would reveal mega
investment plan in infrastructure in his State of the Union Address before Congress this morning (local time). However, investors in
Europe chose to slow their trading while waiting for clarity from such address. This morning, Asian stock markets opened higher. Although
the gain was quite narrow, it should be sufficient for the SET to turn to increase. However, the gain will be just an alternate rebound in a
downward movement. As a result, the gain should be modest and the index is more likely to continue to ease.
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27
February
2017
Daily Focus : 27 February 2017, SET looks weak and likely to move lower
(views 147)
The Dow continued to end up for the 11th straight day as investors continued to wait for President Trumps State of the
Union Address before Congress this Tuesdays evening, at which markets anticipated details of tax reform plan to be disclosed. However, the gain started to get narrower, while most European stock markets continued to fall sharply. Given that, FSS expects the SET to weaken to a new low that is lower than 1560 shortly.
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24
February
2017
Daily Focus : 24 February 2017, SET looks weak; buy on weakness
(views 175)
This morning, Asian equity markets movement were not bright after the Dow continued to end up within narrow range. However, the index continued to hit new high for the 10th straight day, supported by a report that President Trump had pledged to bright employment back to the U.S. In addition, investors remained hopeful over U.S. tax reform plan. However, since there was no clarity, U.S. stock markets continued to be highly volatile intraday, while European equity markets were pressured by weak corporate earnings. Meanwhile, although global crude increased, the gain was still within the previous range. Given all that, FSS expects the SET to continue to decrease for a while before there is buying that will support the index to turn to increase to our target in the future.
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23
February
2017
Daily Focus : 23 February 2017, SET likely to decrease; buy on weakness
(views 153)
Although the Dow continued to end up and hit a record high for the ninth straight day last night, the index was volatile nearly all day. Moreover, the gain was modest, while most European equity markets continued to tread water within narrow range. Although there was positive news from Germanys business confidence index which came in higher than expected, some investors decided to wait for minutes of the FOMC meeting. According to the latest report, it was found that Fed officials had expressed confidence over the economy. In addition, they viewed that policy rate should increase shortly. Since the next Fed meeting is on March 14-15, there was considerable pressure on the sentiment in Asian stock markets this morning. Given that, FSS expects the SET to move down again before it turns to increase in the future.
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22
February
2017
Daily Focus : 22 February 2017, SETs fall serves as opportunity to buy
(views 160)
The sentiment in most U.S. and European stock markets turned brighter last night after investors remained optimistic about President Trumps tax reform plan, which is expected to provide strong support to the economy. Given that, there was speculative buying prior to U.S. Presidents State of the Union address on February 28 because its expected that President Trump will disclose details of his tax reform plan on that day. Such sentiment also helped support most Asian equity markets to open up as well. However, the gain was quite limited as some investors probably continued to wait for U.S. economic data that are due out late this week and minutes of FOMC meeting tonight to look for clue about a policy rate hike. In Thailand, the SET saw higher selling pressure yesterday. Given that, investors need to remain cautious over a fall.
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21
February
2017
Daily Focus : 21 February 2017, SET continues to see selling pressure; wait to buy on weakness
(views 138)
This morning, several Asian stock markets continued to increase. Last night, U.S. equity markets were closed to observe
Presidents Day. In Europe, although most stock markets ended lower, the loss was not large as investors were cautious in their trading while keeping an eye on the Euro group ministerial meeting, which will review Greeks economic policies before a new financial aid is approved. Given that, FSS expects the SET to move within narrow range. However, the index is more likely to move down due to lack of catalyst. Moreover, the index has sharply increased. Hence, some investors might want to sell to lock in profit and to reduce risk.
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20
February
2017
Daily Focus : 20 February 2017, Fall serves as opportunity to buy
(views 146)
Foreign equity markets were not very bright after the Dow moved in negative territory nearly all day last Friday as investors slowed their trading prior to a bank holiday on Monday, February 20 to observe Presidents Day. However, the U.S. index edged up before it was closed and was able to end slightly up after U.S. economic data came in strong, while earnings of some companies were strong. In Europe, most stock markets continued to be weak after construction activities in the eurozone slowed. Given that, Asian equity markets continued to open lower this morning. Although the loss was modest, it implies lack of confidence. As a result, FSS also expects the SET to turn to move downward as well.
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17
February
2017
Daily Focus : 17 February 2017, SET gains within narrow range due to selling pressure; wait to buy on weakness
(views 139)
Most U.S. and European stock markets turned to be weak again. Although the Dow continued to end up, the gain was modest and came after intraday loss. In particular, the U.S. main index was pressured by energy shares after there was concern over a rise in U.S. oil stockpiles. Although global crude increased thanks to optimism that OPEC members will continue to cooperate in their agreement to cut output, the gain was still within its narrow range. Given that, most Asian equity markets continued to open lower this morning, which should also put a cap on the SET. Furthermore, it should cause the index to turn to move in negative territory once again before it turns to rally in the next round.
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16
February
2017
Daily Focus : 16 February 2017, Despite support, SET likely to continue to fall; wait to buy on weakness
(views 135)
The SET saw support from buyback momentum before it was closed yesterday after the index has decreased quite
considerably lately. However, there was no fresh catalyst to provide support. Moreover, the Fed Chair hinted a near-term rate hike in her
speech, putting pressure on markets. Global crude remained volatile, moving within narrow range after the EIA reported that U.S. oil stockpiles increased for the sixth straight week, which triggered investor concern over persistent supply glut. In Asia, most stock markets turned to open lower, even though most U.S. and European stock markets closed up last night. Given that, FSS expects the SETs upside to be limited. Whats more, it is more like that it will fall before it turns to increase in the next round.
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15
February
2017
Daily Focus : 15 February 2017, Buy on weakness and then hold
(views 133)
International sentiment turned brighter. Although European stock markets moved rather directionless last night after Eurostat revealed that the eurozone economy in 4Q16 expanded at a slower rate than its initial forecast, the Dow turned to end strongly higher after banks surged in response to the Fed Chairs signal about a rate hike. Moreover, global crude sharply increased thanks to a report that the OPECs oil production decreased in January. However, Asian stock markets gain remained limited, pressured by a Fed rate hike. Hence, although FSS expects the SET to rebound, the gain should remain modest. Moreover, there is risk that the index will continue to decrease prior to rallies in the next round.
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14
February
2017
Daily Focus : 14 February 2017, Wait to buy on weakness
(views 133)
Most Asian equity markets continued to strongly increase when the SET was closed yesterday after both U.S. and European stock markets closed higher last Friday thanks to investor optimism over U.S. tax reform, which is widely expected to be announced in the next couple of weeks. Such positive view also helped equity markets on both sides of the Atlantic to end up last night thanks to speculation on the counters that are expected to benefit from such policy. In addition, markets saw catalyst from the European Commissions upgrading of its economic forecast for the EU. As a result, FSS expects the SET to continue to move in positive territory. However, we believe upside is limited and there is chance the index will decrease after global crude continued to decline after there was report that U.S. oil rigs increased.
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10
February
2017
Daily Focus : 10 February 2017, Despite alternate gain, SET likely to continue to decrease; buy on weakness
(views 165)
Most U.S. and European stock markets closed sharply higher last night. Specifically, the Dow surged to a new high after there was news that U.S. President prepared to announce major tax cut in the next 2-3 weeks. In Europe, stock markets were supported by strong corporate earnings and Germanys trade surplus which hit a record high after exports recovered. With that, most Asian equity markets opened higher this morning. This might support the SET to follow suit and increase after the index decreased quite sharply yesterday. However, FSS continues to recommend that our investors watch out on selling to lock in profit when the index increases because the selling will pressure it to decrease after there is no fresh catalyst to provide support. Moreover, the SET will be closed for a special holiday next week (February 13). For this reason, some investors might sell in order to reduce market volatility risk.
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09
February
2017
Daily Focus : 9 February 2017, Despite alternate gain, SET still likely to decrease; buy on weakness
(views 154)
This morning, investment sentiment in foreign equity markets was weak after U.S. stock market decreased to move in negative territory last night. Although the loss was not large, the index moved in negative territory nearly all day following investors sell off of financials shares after U.S. bond yield narrowed. In Europe, most stock markets continued to move up and down in narrow range. Given that, most Asian equity markets continued to be volatile within narrow range. In Thailand, although there was buyback to provide support, the SET was volatile and moved sideways within its previous range as the market lacked both fresh catalyst and new negative factor. However, the index has rallied quite sharply earlier. As a result, FSS views that investors need to watch out on selling to lock in profit, which will pressure the market to decrease.
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08
February
2017
Daily Focus : 8 February 2017, Despite alternate gain, SET likely to continue to decrease
(views 125)
Last night, Wall Street increased to a new high thanks to strong corporate earnings and a larger-than-expected decline in U.S. trade balance in December. In Europe, most equity markets ended sharply higher after the euro decreased, helping investor see European exporters in a more positive light. Given that, there is chance that the SET will increase after it has considerably decreased yesterday. However, most Asian equity markets opened higher in narrow range this morning, while some continued to decrease. Moreover, although the Dow increased to a record high intraday, it ended slightly up and below its daily peak. As a result, FSS expects the SET to inch up before it turns to decrease because there is no new catalyst to provide support.
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07
February
2017
Daily Focus : 7 February 2017, SET still likely to fall; wait to buy on weakness
(views 134)
Foreign investment sentiment turned to weaken after U.S. stock markets moved mostly in negative territory last night. However, the loss was modest. To elaborate, investors remained concerned over the conflicts from the immigration ban on seven Muslim-majority countries to the U.S. In Europe, equity markets were worried over Volkswagen after the company was sued again over emission fraud. Moreover, global crude dropped by over 1.5% due to a continuous rise in U.S. oil rigs. As a result, energy shares fell quite sharply. Since such losses caused many Asian stock markets to open lower, FSS also expects the SET to turn to decrease after its recent rebounds.
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06
February
2017
Daily Focus : 6 February 2017, SET still likely to fall; wait to buy on weakness
(views 141)
This morning, foreign equity markets were quite bright after both U.S. and European equity markets ended strongly higher last Friday, responding to U.S. non-farm payrolls in January which came in stronger than expected. Moreover, global crude also increased, positively reacting after oil producing countries cut their production as agreed. However, the gain was quite small. In addition, although most Asian stock markets opened mostly up, they remained volatile and the SET has significantly increased. Hence, upside to our index target of 1650 is quite limited. Finally, markets continue to lack catalyst. As a result, investors need to remain cautious over selling which will pressure the index to decrease.
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03
February
2017
Daily Focus : 3 February 2017, SET has limited upside and more likely to fall
(views 121)
Investment sentiment in international stock markets was not bad this morning. Both U.S. and European equity markets were down due to concern over the tension between U.S. President and other leaders. In addition, there was pressure from Deutsche Banks loss, while global crude weakened after the EIA reported that U.S. oil inventory increased more than expected last week. However, most Asian equity markets opened higher this morning after they decreased quite sharply yesterday. Given that, FSS expects the SET to be volatile, moving within its previous range. Nonetheless, the index has increased quite sharply and quickly in the last round, while upside to our index target of 1650 is quite narrow and markets lack catalyst. Hence, there is risk that the index will continue to fall rather than turning to rise. For this reason, we recommend that investors wait to buy on weakness.
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02
February
2017
Daily Focus : 2 February 2017, SET likely to continue to fall; wait to buy on weakness
(views 141)
The SET continued to see buyback momentum which supported the index when it decreased. Given that, there is still chance the index will turn to increase. This morning, there continues to be support thanks to a rise in Asian stock markets after both U.S. and European equity markets ended higher, positively responding to the Feds decision to keep benchmark rate unchanged. Moreover, the U.S. Central Bank had positive view on the economy and there was support from the strong earnings of Apple Inc., Volvo and Siemens SE, while there was positive factor from a report that the eurozones manufacturing activities were strong . Meanwhile, crude recovered once again after the EIA indicated that U.S. oil production decreased last week. Whats more, there was a report that both OPEC and non-OPEC oil producing countries joined hands to cut their output in January. However, The Asian gain was limited and they continued to be volatile. Hence, FSS expects the SETs gain to also be narrow. Finally, investors need to remain cautious over a fall.
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01
February
2017
Daily Focus : 1 February 2017, SET beings to fall; wait to buy on weakness
(views 142)
Last night, both U.S. and European stock markets continued to end lower due to a number of reasons. First, there was concern over the immigration ban on seven Muslim countries. Second, they were pressured by weak earnings results of large U.S. companies. Third, U.S. consumer confidence index decreased in January. Fourth, investors were worried about the profit potential of export companies in Europe after the euro appreciated against U.S. dollar. Given that, FSS maintains our call for investors to exercise caution on index fall. However, many Asian stock markets started to gain this morning thanks probably to a recovery in global crude price after output of the OPEC decreased in January. For this reason, the SET might steady and slightly rebound before it turns to fall.
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31
January
2017
Daily Focus : 31 January 2017, SET looks weak; wait to buy on weakness
(views 129)
Investment sentiment in international equity markets was not bright because both U.S. and European stock markets ended quite sharply lower last night. Airlines took the hardest hit after President Trump had signed an executive order, putting a ban on citizens of seven Muslim nations from entering the U.S. Moreover, investors feared that such measures might result in international conflicts. Meanwhile, global crude remained under pressure from the rise in U.S. oil rigs, which might deter the attempt to cut output by other oil producing countries. This morning, most Asian equity markets continued to move lower after more resumed their trading after Lunar New Year. Given that, FSS expects the SET to continue to ease at least for while.
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30
January
2017
Daily Focus : 30 January 2017, Despite support, SET likely to continue to fall
(views 137)
We believe there is chance the SET will continue to fall because the Asian equity markets that were open this morning decreased after both U.S. and European stock markets were down. Such losses were attributed to the lower-than-expected rise in U.S. 2Q16 GDP. Moreover, earnings results of both U.S. and European companies that came in lately were quite disappointing. Finally, global crude continued to decrease after there was report that U.S. oil rigs increased last week. Given that, FSS expects the SET to continue to fall for a while before there is buyback to support the SET to increase in the next round.
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27
January
2017
Daily Focus : 27 January 2017, SET has limited upside; wait to buy on weakness
(views 136)
We expect the SET to be more volatile and there is chance the index will begin to ease to move in negative territory after both U.S. and European stock markets started to gain at a slower pace. In addition, many decreased after U.S. new home sales fell to touch its 10-month low. Meanwhile, the Baht began to decrease again after its recent quick rally. Whats more, the SET has climbed quite sharply. Hence, upside starts to narrow to the point that it is unattractive to place more bets. On top of that, there is no fresh catalyst to provide support. As a result, investors need to be cautious over selling to lock in profit, which will pressure the SET to decrease shortly.
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26
January
2017
Daily Focus : 26 January 2017, Upside limited; wait to buy on weakness
(views 135)
This morning, investment sentiment from international equity markets continued to provide support after Wall Street rallied by over 100 points, the second straight day. Such rise was supported by optimism that the U.S. president would launch measures that are supportive for businesses and employments. Moreover, earnings results of large companies continued to be bright. Given that, Asian stock markets continued to open higher this morning. However, most of the gain was modest. Meanwhile, global crude remained capped due to concern over supply glut after the EIA disclosed U.S. oil inventories increased last week. For these reasons, FSS believes the SETs upside is limited, particularly after the index has sharply increased. Whats more, we continue to recommend that investors remain cautious over volatility and a fall.
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25
January
2017
Daily Focus : 25 January 2017, Despite gain, SETs upside limited; wait to buy on weakness
(views 139)
This morning, investment sentiment in international equity markets were brighter after Wall Street turned to end up by
over 100 points, positively responding to large U.S. companies strong earnings. In addition, they were supported by the strong U.S. economic data. In the U.K., there is yet another hurdle for Brexit to pass, i.e. a parliamentary approval, following the Supreme Courts ruling yesterday. Given that, investors were more at ease about the adverse impact because it will take some time. However, the SET has quickly increased. Whats more the Bahts gain started to slow and the currency might ease shortly. Global crude that increased to price in the news about oil producing countries output cut began to be directionless. Hence, we expect investors to remain on the sidelines, waiting for the EIAs U.S. oil inventories report today. Furthermore, FSS maintain our call for investors to exercise caution over volatility and a fall.
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24
January
2017
Daily Focus : 24 January 2017, SET likely to rebound briefly before fall; buy on weakness
(views 140)
We expect the SET to be pressured by both U.S. and European stock markets which were mostly on a downward path after
investors feared that U.S. President Trumps protectionism policies might lead to global trade war. In his latest move, the new U.S.
President has signed an executive order to officially withdraw the U.S. from the TPP and there was report that he was preparing to ink another order, which would put the U.S. on a negotiation table under the NAFTA with Canada and Mexico in order to protect his country from being at a disadvantage in trades. Besides such anxiety, there was also pressure from a fall in global crude after U.S. oil rigs increased last week. Finally, the SET did not decrease much from the last round of rallies. Given all that, FSS continues to believe there is risk markets will continue to fall.
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23
January
2017
Daily Focus : 23 January 2017, Despite recovery, watch out on volatility and retreat
(views 141)
Although the new U.S. Presidents inaugural speech which confirmed his "America First" policy provided support for U.S.
equity markets to end up by nearly 100 points, it put only slight pressure on Asian stock markets this morning because there was no
clear detail. Given that, U.S. dollar weakened, while global crude continued to recover as the market waited for results on OPEC member countries output cut, which is due out in Vienna today. In Thailand, although there is still prospect that the SET will increase in line with regional equity markets, FSS believes upside is quite limited. Moreover, it is likely that the index will be volatile and retreat, while waiting for clarity.
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20
January
2017
Daily Focus : 20 January 2017, Despite continuous fall, downside begins to narrow; buy on weakness
(views 141)
This morning, international investment sentiment was not very bright because most U.S. and European equity markets
continued to end lower after investors slowed their trading prior to Mr.Trumps inauguration today. However, the higher-than-expected rise in U.S. housing start in December lent support to most stock markets, saving them from sharp fall. This morning, most Asian equity markets continued to be volatile and moved within narrow range with negative bias. Given that, FSS expects the SET to continue to move lower. However, downside should begin to narrow. Furthermore, we believe the index will stabilize better thanks to buying to bet on earnings results and dividend announcement in the future.
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19
January
2017
Daily Focus : 19 January 2017, Despite loss, SET still stands chance to turn to increase; wait to buy on weakness
(views 141)
After the SET has closed down for three consecutive days, today there might be buyback that supports the index to
somewhat increase. Although U.S. stock markets continued to close down last night due to concern over a Fed rate hike after U.S. inflation increased for the fifth straight month, the Feds Chair confirmed after hour that the rise would be gradual. Given that, most Asian equity markets were able to open up this morning. However, FSS believes the SETs gain will be limited after the Baht started to ease again, while global crude also tumbled. For this reason, chance that the SET will fall gain is still high.
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18
January
2017
Daily Focus : 18 January 2017, SET poised to continue to fall; buy on weakness
(views 160)
The Brexit talk put a cap on both U.S. and European equity markets, causing them to open lower. Although the mention
that final decision would come from a parliamentary resolution had somewhat helped support equity markets, selling in financials and
industrials continued to pressure them after U.S. President-elect expressed his view that U.S. dollar appreciation had adverse impact on
U.S. economy. Given that, most Asian stock markets continued to open lower this morning. In Thailand, FSS expects the SET to continue to
decrease for a while before there is buying to push the index back in the next round.
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17
January
2017
Daily Focus : 17 January 2017, SET likely to continue to fall, serving as opportunity to buy
(views 138)
Last night, U.S. stock markets were closed to observe Martin Luther King Jr. Day, while most European equity markets ended
lower due to concern over negative impact which might stem after the U.K. initiates the process to leave the EU. Given that, most Asian stock markets continued to open lower this morning. In Thailand, there was still pressure from selling when markets increased. Given that, FSS expects the SET to continue to move sideways down for a while before
it turns to move up in the future. At the current level, markets imply limited upside from our target.
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16
January
2017
Daily Focus : 16 January 2017, SET steadies amid selling pressure, making it likely to fall
(views 145)
U.S. stock markets were quite volatile late last week before it ended modestly lower after U.S. economic data was directionless. Although PPI increased, as expected, retail sales were up at a slower pace than expected. Given that, Asian equity markets continued to see pressure from selling, which caused them to continue to decrease this morning. Moreover, we believe that it will put a cap on Thai stock markets at this time after Thai indexes have rallied quite sharply in the last two weeks. In addition, we begin to see pressure from selling last week, which pressured the SET to be more volatile. As a result, FSS expects the SET to continue to move downward before it turns to increase in the future.
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13
January
2017
Daily Focus : 13 January 2017, SET probably in retreat, offering opportunity for selective buy
(views 148)
Last night, most U.S. and European equity markets turned to close down, pressured by a fall in pharmaceutical shares after the U.S. President-elect attacked the pharmaceutical industry at his first news conference the other day. Moreover, investors were disappointed that he did not reveal details on economic stimulus. As a result, most Asian stock markets continued to be quite volatile this morning. In addition, several continued to decrease. In Thailand, the SET saw selling pressure for many days after the index had rallied sharply earlier. For this reason, FSS expects the SET to continue to ease for a while before it turns to increase again in the future.
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12
January
2017
Daily Focus : 12 January 2017, SET continues to see pressure from selling; wait to buy on weakness
(views 152)
Last night, the U.S. president-elect Donald Trump made his first news conference after his victory in the presidential
election. It helped support Wall Street to rise for the first time in three days because at the media gathering he reaffirmed his intention to make America great again. In addition, global crude soared by nearly 3% after there was news that Saudi Arabia signaled its readiness to
further cut production. However, most Asian equity markets continued to be volatile and move within narrow range when they opened this
morning, while some continued to open lower and moved in negative territory. For this reason, FSS believes there is chance the SET will
open down after we have seen more pressure from selling at yesterdays close.
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11
January
2017
Daily Focus : 11 January 2017, Despite rebound, SET likely to continue to fall, serving as opportunity to buy
(views 138)
Several Asian equity markets continued to open higher. Even though Wall Street ended slightly down overnight, European stock markets continued to close up after U.S. dollar began to increase at a slower pace. However, the SET has rallied quite sharply even before the New Year, while there was no new catalyst. Given that, we begin to see selling to lock in profit in the last two days. Meanwhile, markets continue to see pressure from global crude which continued to drop by over 2% after it was reported that oil production increased in both the U.S. and Iraq. In addition, there is still concern over Italys banking sector and some investors might still want to wait for the U.S. president-elects first press conference tonight.
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10
January
2017
Daily Focus : 10 January 2017, SETs fall serves as opportunity to accumulate
(views 142)
This morning, investment sentiment in foreign equity markets was not bright because most U.S. and European stock markets ended lower last night after Lufthansa revised down its earnings forecast. In addition, global crude continued to fall by nearly 4% following the release of a report that U.S. oil rigs increased for the 10th week in a row. Given that, we expect the poor sentiment to put pressure on most Asian stock markets, causing them to move mostly in negative territory. In Thailand, stock markets need to remain cautious over selling in LTF, which might continue to put a cap on the SET. However, FSS believes downside is limited as the Baht continued to appreciate.
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09
January
2017
Daily Focus : 9 January 2017, SET likely to ease in near future; wait to buy on weakness
(views 162)
Although the Dow decreased by over 60 points in the beginning of last Fridays session, there continued to be buyback that supported the index to turn to increase by about 100 points and ended the day with a gain of over 60 points instead. In Europe, equity markets continued to close up as investors responded positively to U.S. non-farm payrolls in December, even though it increased less than expected, while global crude remained on its upward path. However, most Asian stock markets has considerably increased. As a result, there continued to be pressure from selling to lock in profit this morning, which made some of them to decrease. In Thailand, the SET has
increased quite sharply in almost 10 days. Hence, FSS believes the SET is likely to ease in the near future.
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06
January
2017
Daily Focus : 6 January 2017, Wait for buying weakness
(views 185)
The SET is expected to fluctuate after Wall Street and European markets closed lower. Macy’s posts disappointing holiday sales, likely to cuts workers and move forward with more than 60 store closures. ADP report was lower than market estimate. Investors are eying on jobs report tonight. The SET in the short term may be supported by increasing oil prices, but investors should remain cautious over selling to lock in profit.
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05
January
2017
Daily Focus : 5 January 2017, Beware of correction, wait for buying weakness
(views 185)
After surging more than 60 points last week, the SET could see some correction in the near future. LTF redemption could be sold. Asian equity markets are mixed in early trade today despite Wall Street and European shares closed higher. Investors should remain cautious over selling to lock in profit when the index increases.
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04
January
2017
Daily Focus : 4 January 2017, Beware of correction, wait for buying weakness
(views 146)
The SET is expected to rise today supported by strong PMI of China and the US as well as foreign equity markets closed in green. However, investors should remain cautious over selling to lock in profit when the index increases after global crude continued to weaken.
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30
December
2016
Daily Focus : 30 December 2016, Beware of early selling spree in bourse in early next year
(views 151)
Investors should beware of early selling spree in bourse after streak of mini rally moving close to our target of 1,550.
Our SET index target in 2017 of 1,650, assuming 12% EPS growth, offers limited upside from the current index level. Early next year, global investors still weigh Trump’s policy. LTF redemption could be sold. We suggest investors reduce portfolio risk, holding more cash.
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29
December
2016
Daily Focus : 29 December 2016, Wait to sell at target
(views 137)
SET Index would possibly slide today after 3 days of 30-point gains together with soft sentiment from Wall Street. US
indices pulled back from all-time high as pending home sales fell sharply. European stocks were mixed as investors keep a close eye on Banking sector. We expect SET index has limited downside supported by year-end buying in LTF/RMF and slight oil price increase.
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28
December
2016
Daily Focus : 28 December 2016, Wait to sell at target
(views 134)
US stocks ended slightly higher Tuesday supported by strong economic news while European stocks little changed. Investors
are still cautious around the broader Italian banking sector. Asian shares trade mixed in early trade today. We expect the SET index to fluctuate between small gains and losses, supported by slight oil price increase and year-end buying in LTF/RMF.
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27
December
2016
Daily Focus : 27 December 2016, Wait to sell at target
(views 152)
Asian shares resume trading today and are moderately higher in early trade. We expect the SET index to follow climb up to positive territory thanks to year-end buying in LTF/RMF. Oil gains ahead of OPEC and Non-OPEC cut, supporting downside the stock market.
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26
December
2016
Daily Focus : 26 December 2016, SET likely to rebound
(views 130)
Market volume is expected to thin out as many major equity markets are closed for Christmas holidays. Many investors are sitting on the sidelines, but losses are expect to limit while there is prospect that the index will rebound to move in positive territory thanks to year-end buying in LTF/RMF.
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23
December
2016
Daily Focus : 23 December 2016, Despite volatility, SET likely to steady and increase
(views 128)
This morning, foreign equity markets continued to be volatile and move within narrow range. To elaborate, although U.S.
stock markets continued to fall, the loss was quite small as investors slowed their trading before they are closed for Christmas holiday. Moreover, U.S. economic data were quite directionless. In particular, U.S.s final 3Q16 GDP estimate is higher than its first two forecasts. However, U.S. weekly jobless claims came in higher than expected, while November consumer spending recorded smaller-than-expected gain. In Europe, equity markets remained concerned over the stability of Italys banking sector. Given that, Asian stock markets opened lower this morning. Nonetheless, the loss was modest because there was support from a slight recovery in global crude. For this reason, FSS expects the SETs downside to be limited and there is prospect that the index will rebound to move in positive territory in the future.
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22
December
2016
Daily Focus : 22 December 2016, Despite fall, SET has strong support from buying; wait to sell at target
(views 174)
Foreign stock markets were quite volatile. Last night, both U.S. and European equity markets turned to end lower, pressured
by concern over Italys banking sector after the countrys third largest bank admitted that if unable to raise capital, it might be able to go on for just four months. In addition, global crude tumbled after the EIA reported that U.S. oil stockpiles increased in the last week, which is the opposite of street consensus for a fall. However, the losses were quite limited partly because it is now close to Christmas and New Year holidays. Given that, there is chance that selling will decrease. In Thailand, FSS expects the SETs downside to be limited. Furthermore, there is prospect that the index will rebound to move in positive territory thanks to year-end buying in LTF/RMF.
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21
December
2016
Daily Focus : 21 December 2016, SET likely to fall briefly prior to increase; maintain hold
(views 148)
Investment sentiment in foreign equity markets somewhat improved after both U.S. and European stock markets ended
up. Such gains were supported by a rise in banks after there was report that Italian government was preparing to help its financially troubled banks. In addition, investors remained hopeful that the working team of the next U.S. president would help revive U.S. banking sector. Meanwhile, global crude continued to recover, despite volatility and a slower rate of gain, as investors expected U.S. oil inventories, which is due out this evening, would decrease. Given that, FSS anticipates the SET to steady and there is chance that the index will turn to increase. However, investors need to remain cautious over volatility as the Baht continued to weaken.
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20
December
2016
Daily Focus : 20 December 2016, Expect SETs downside to be limited; recommend hold, waiting to sell at target
(views 149)
Last night, U.S. stock markets continued to move in positive territory, responding to the Feds statement that U.S. labor
market was near its 10-year peak. Given that, Asian equity markets movement started to get better this morning. In Thailand, FSS expects
the SET to climb thanks to buying in LTF/RMF at year-end. However, investors need to remain cautious over volatility. In particular, part of
the selling might come from concern over the news that Russian ambassador to Turkey was shot dead because the situation might taint
Russia-Turkey relationship. However, we believe the SETs downside is quite limited.
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19
December
2016
Daily Focus : 19 December 2016, Despite SETs loss, investors can wait to sell into strength
(views 127)
Investment sentiment in foreign equity markets was not bright this morning because Wall Street closed slightly lower due to the tension in the South China Sea after there was report that Chinese navy seized U.S. drone. Moreover, U.S. housing starts decreased more than expected in November, while crudes rally began to decelerate
and the Baht weakened. However, since we are now in the last two weeks of the year, FSS expects buying in LTF/RMF to help support the market. In this regard, the SETs downside is limited and there is
chance that the index will turn to rally to our target of 1550.
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16
December
2016
Daily Focus : 16 December 2016, Upside has narrowed; wait to take profit when index
(views 128)
Although the U.S. policy rate hike will continue to put pressure on Asian stock markets, investors have mostly factored in such news. Moreover, U.S. economic data came in strong. In particular, U.S. jobless claims decreased more than expected. They helped stimulate Wall Street and most European stock markets to turn to end up. Finally, global crude also slightly recovered after it fell to touch US$50 a barrel. Given that, many Asian stock markets began to see buyback that supported them to move in positive territory once again. In Thailand, the SET still has catalyst from buying in LTF/RMF in the last weeks of this year, which will provide support for the market. For this reason, FSS expects the SET to steady, waiting for a chance to
rally. However, investors need to be cautious over volatility after the Baht continued to decrease.
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15
December
2016
Daily Focus : 15 December 2016, Believe SET only takes breather after last round of rallies and
(views 129)
Last night, most European stock markets ended lower while waiting for results from FOMC meeting, which was widely
anticipated to hike policy rate for the first time this year. As it happened, the result is in line. The Fed announced a rise on its shortterm
rate by 0.25% and signaled that it would raise the benchmark rate three times next year. Such news put pressure on Wall Street, which
moved within narrow range in the beginning, and caused the Dow to end lower by nearly 100 points. Given that, most Asian equity markets
opened lower this morning as U.S. dollar appreciation pressured Asian currencies, the Baht included, to decrease. However, FSS continues to
believe that the SETs downside is limited. Moreover, there is still chance that the Thai main index will increase as expected thanks to
buying in LTF/RMF in the last few weeks of this year.
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14
December
2016
Daily Focus : 14 December 2016, SET likely to continue to increase to target, but upside starts to get narrow; recommend sell to lock in profit
(views 148)
This morning, investment sentiment remains good after Wall Street continued to end higher amid heavy trading after there was anticipation that the Fed would raise policy rate at this meeting. In Europe, most stock markets also ended higher, supported by a rebound in bank shares after Unicredit, a large bank in Italy, announced restructuring. Moreover, global crude also ended up after the EIA has revised up its global oil demand forecast for this year and next, while the Baht slightly appreciated. With that, FSS expects the SET to continue to rally, even though it was volatile and might decrease after most Asian equity markets continued to be volatile and decreased this morning.
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13
December
2016
Daily Focus : 13 December 2016, SET likely to be more volatile; wait to sell into strength
(views 119)
Wall Street continued to end up at a new high, supported by a rise in global crude after a production cut deal. The rise
also supported Asian stock markets to turn to increase this morning after most of them ended lower on December 12, while Thai stock
markets were closed. The Asian losses yesterday is attributed to strong U.S. economic data, which kept alive investor concern over a Fed rate hike a meeting on December 13-14. Given that, FSS expects the SET to remain volatile. Moreover, it might ease again after Thai stock markets has rallied quite sharply in the past 2-3 weeks. However, downside should be limited because there is support from a rise in global crude. Furthermore, the Bahts loss also decelerate and there were even times that the currency appreciated.
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09
December
2016
Daily Focus : 9 December 2016, SET close to target and implies limited upside; gradually sell
(views 135)
This morning, foreign equity markets were quite bright after the ECB resolved to extend its asset purchase by another nine months. Given that, most U.S. and European stock markets continued to end strongly up. Meanwhile, global crude also recovered by over 2% thanks to speculative buying before a meeting between OPEC and non-OPEC countries tomorrow (i.e. December 10), which should help support the SET to continue to rally, as expected. However, the ECB president also indicated that a cut in its asset purchase will still start after 1Q17. As a result, Asian equity markets gain this morning started to be limited. Whats more, the Thai index has increased to where it is now close to our target of 1550 and implies limited upside. In addition, equity in the TIP markets will be closed on Monday, December 12. Hence, investors need to be cautious over selling which will pressure the SET to be volatile and retreat.
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08
December
2016
Daily Focus : 8 December 2016, SET likely to continue to increase amid volatility
(views 139)
Yesterday, the SET started to see support from buying once again, particularly in large cap counters. Moreover, foreign
equity markets movement also continued to be bright this morning after both U.S. and European stock markets surged and ended up quite strongly thanks to the anticipation that the ECB will extend its QE at a meeting today to intercept possible impacts from the Italian referendum result the other day. Given that, most Asian equity markets opened higher this morning. In Thailand, although the SET is likely to continue to rally as we have anticipated, investors need to remain cautious over selling to lock in profit when the index increases after global crude continued to weaken. Whats more, the SET will be closed on a bank holiday early next week (i.e. December 12) before there will be FOMC meeting on December 13-14. As a result, there is chance that the index will increase amid volatility.
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07
December
2016
Daily Focus : 7 December 2016, SET starts to rebound; recommend hold in order to sell into strength
(views 134)
Sentiment in most foreign stock markets remains bright after both U.S. and European stock markets continued to end up
last night. Such gains were made possible by strong U.S. economic data. Specifically, factory orders surged to its one-year high. Moreover, investors were hopeful about an ECB meeting due tomorrow (December 8). In Thailand, the SET saw stronger buyback momentum since yesterdays afternoon. Given that, FSS expects such momentum to continue to support the SET to continue to rally, as expected. However, investors need to remain cautious over volatility and weakness while the index increases. Such scenario is likely to be pressured by global crude which began to decrease and investors decision to remain on the sidelines, waiting for ECB meeting results tomorrow.
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06
December
2016
Daily Focus : 6 December 2016, SETs loss serves as opportunity to buy
(views 125)
Yesterday (i.e. December 5), the SET was closed for a day, while most international markets tumbled quite considerably due
to the concern over a Fed rate hike after U.S. non-farm payrolls increased, as expected. Moreover, Italians voted no in a referendum result for constitutional reform. Given that, investors were concerned about Italys stability. However, the ECB plans a policy meeting on December 8, when investors believe that the central bank is ready to raise its purchase of Italian bonds. As a result, many Asian stock markets started to recover this morning. In Thailand, FSS continues to
believe that the SETs downside is limited and there is prospect that the Thai main index will continue to rally, supported by domestic factors.
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02
December
2016
Daily Focus : 2 December 2016, SET still stands a chance to rally, recommend hold
(views 126)
Wall Street continued to rally to end at a record high last night. The gain was supported by a rise in energy shares which positively responded to an OPECs resolution to slash output. However, there was pressure from tech shares fall. Given that, the gain was limited. Meanwhile, most European equity markets were down as investors slowed their trading while keeping an eye on Italys constitutional referendum on December 4. Given that, many Asian
stock markets decreased this morning. Meantime, the SET saw higher selling pressure yesterdays afternoon. Hence, there is prospect that the index will continue to fall. Nonetheless, the Bahts outlook begins to turn upward. Hence, FSS expects downside to be limited and it is still possible that the index will continue to rally as anticipated.
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01
December
2016
Daily Focus : 1 December 2016, Although SET likely to continue to rally, watch out on
(views 127)
This morning, Asian stock markets continued to open strong after global crude surged by over 9% last night thanks to in-line OPEC meeting result. Specifically, the oil cartel has cut a deal to slash its oil production for the first time in eight years. Given that, FSS believes that the SET will continue to rally. However, Wall Street began to see selling that pressured it to ease and end only slightly up after investors turned to concerned again about the outlook that the Fed would raise policy rate at a meeting in mid this month (December 13-14) instead. Meantime, some investors continued to wait for U.S.
non-farm payrolls, which are due out this Friday, while the Baht continued to weaken. Hence, we recommend that investors watch out on market volatility.
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30
November
2016
Daily Focus : 30 November 2016, SET likely to ease prior to rallies; recommend hold
(views 131)
Last night, both U.S. and European stock markets turned to end up. However, the gains were quite limited. They were supported by U.S. 3Q16 GDP which expanded the most in two years and house price which surged to its 10-year high. However, they were capped by global crude which tumbled by nearly 4% after Russia, a non-OPEC member, refused to attend the meeting scheduled on November 30 because it would like the OPEC to talk among them first. Given that, investors were not confident about results from the meeting much. Today, although Asian stock markets opened higher, they moved within narrow range. As a result, FSS expects the SET to steady, moving within narrow range while waiting for OPEC meeting result today.
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29
November
2016
Daily Focus : 29 November 2016, SET might ease before it turns to rally
(views 121)
Global crude decreased, putting considerable intraday pressure on the SET. Moreover, it put a cap on both U.S. and European stock markets in the evening, making them move mostly in negative territory. However, the loss was modest. After which, crude turned to recover. Specifically, it rallied by over 2% after there was report that Iraq was ready to cooperate with OPEC members in order to reach a deal that is acceptable to all parties. As a result, although the SET might continue to be pressured by the weak sentiment abroad, FSS expects downside to be limited thanks to support from the oil price recovery. Whats more, U.S. dollar started to depreciate lately, helping the Baht to appreciate. Given all that, we expect the SET to move sideways up.
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28
November
2016
Daily Focus : 28 November 2016, Despite volatility, SET likely to turn to climb; recommend
(views 122)
U.S. and European stock markets continued to end higher thanks to speculative buying in commerce shares, which were
expected to benefit from Black Friday sales (November 25) before Christmas. However, they did not support sentiment in Asia much this morning because global crude turned to tumble by nearly 4% due to the concern that the OPEC would not reach a deal to cut oil production on this Wednesday (November 30) after Saudi Arabia had pulled out from
an informal meeting due to take place today (November 28). Given that, FSS expects the SET to be volatile and retreat. However, we believe downside is limited and there is chance that the index will turn to climb as we has anticipated.
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25
November
2016
Daily Focus : 25 November 2016, SET likely to ease briefly before rally
(views 114)
Investment sentiment in international equity markets was brighter this morning. Wall Street was closed last night to observe Thanksgiving day, resulting in steady U.S. dollar. In Europe, most equity markets continued to end up after German economic data came in strong. Given that, Asian stock markets opened higher this morning. Although the gain was quite modest, it should help support buying in Thai equity markets. Given all that, FSS expects the SET to ease only briefly. Moreover, downside is likely to be limited. Specifically, we expect buyback momentum to help drive the index to climb, as expected. As we are about to enter the last month of the year, foreign investors selling should get narrower. In addition, there should be a driver from buying in both LTF/RMF as we are about to turn the corner to next year.
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24
November
2016
Daily Focus : 24 November 2016, SET likely to ease before turning to rally after days of gain
(views 114)
Last night, Wall Street continued to close up. To elaborate, it ended at a new high, for the third straight day, thanks to
a report on U.S. durable goods orders in October, which surged to its one-year high. However, such gain caused U.S. dollar to continue to appreciation, which in turn pressured Asian currencies to turn to decrease. Given that, most Asian equity markets opened lower this morning. In Thailand, FSS expects the Asian loss to pressure the SET to also decrease after Thai equity markets have considerably increased this week. Nonetheless, we expect the SETs downside to be quite limited after global crude stabilized well, while waiting for OPEC meeting on November 30, which should serve as a catalyst. Whats more, foreign net outflow decreased, while its now close to year-end. Hence, there should be buying in LTF/RMF to support the market.
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23
November
2016
Daily Focus : 23 November 2016, Despite volatility, SET likely to continue to rally
(views 142)
The SET has increased sharply in the last three days, while there was no clear catalyst, causing market volatility to increase
quite considerably. For this reason, we recommend that investors watch out on a fall after global crude turned to decrease. However,
FSS expects the SETs loss, if any, to be quite limited after most foreign equity markets continued to strongly increase. Looking ahead, FSS views that the decline in foreign investors net outflow will give rise to domestic funds role. Since the end of 2016 draws near, we could expect buying in LTF/RMF to help support near-term markets. Strategy: After bets are placed, we now recommend that investors continue to hold because we expect the SET to continue to rally.
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22
November
2016
Daily Focus : 22 November 2016, SET likely to continue to increase; recommend hold
(views 138)
Wall Street and most European stock markets ended strongly higher yesterday, supported by global crude which surged by
nearly 4% after Russia announced its readiness to cooperate in output freeze and expressed confidence that the OPEC would cut a deal at a meeting on November 30. Meanwhile, U.S. dollar started to ease slightly, triggering the Baht to appreciate. This morning, most Asian equity markets continued to open higher. Given that, FSS believes the SET will continue to increase. However, investors should be cautious about volatility as the concern over a Fed rate hike continues to put a cap on markets.
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21
November
2016
Daily Focus : 21 November 2016, SET stabilizes better and likely to rebound; recommend hold
(views 122)
Last week, U.S. dollars gain started to slow after investors feared that the quick U.S. dollar appreciation might hurt earnings of export-dependent companies. Given that, the Bahts fall began to ease. Meanwhile, global crude turned to recover again, supported by an anticipation that the OPEC would reach a deal to cut oil production an informal meeting on November 30. As a result, FSS expects the SET to see limited downside and there is prospect that the index will turn to rebound again shortly.
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18
November
2016
Daily Focus : 18 November 2016, SET sees support amid fall; recommend hold
(views 136)
U.S. dollar continued to appreciate, pressuring the Baht to turn to weaken, after the Fed chair testified before Congress
that a rate hike might take place shortly. Given that, investors believed that the FOMC would raise policy rate at a meeting on
December 13-14. For this reason, there is chance that the SET will continue to retreat today. However, Asian equity markets did not
respond negatively this morning as most of them continued to move in narrow range due to optimism that the Fed would gradually increase
benchmark rate. Meanwhile, global crude was pressured as investors waited for the OPECs and Russias stance at an informal meeting this
weekend.
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17
November
2016
Daily Focus : 17 November 2016, SET still likely to continue to increase despite volatility after rebound
(views 122)
Last night, Wall Street turned to end slightly lower, while most European stock markets began to see selling pressure after Saint Louis Fed President urged the FOMC to raise policy rate at the next meeting on December 13-14. That put a cap on Asian equity markets this morning, causing them to be volatile and retreat. However, FSS expects the SETs downside to be limited after the Bahts weakness started to ease. Moreover, global crude turned to recover in the end yesterday, waiting for an informal meeting between the OPEC and Russia late this week, which will indicate success of OPEC meeting at the end of this month, i.e. on November 30. Strategy: We maintain our call for investors to hold, waiting for a new round of rallies. For new bets, we suggest that they are placed on
weakness.
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16
November
2016
Daily Focus : 16 November 2016, SET begins to see new support and likely to rebound; recommend hold
(views 115)
This morning, most Asian stock markets continued to increase after U.S. dollars gain slowed, while global crude ended sharply up by nearly 6% yesterday after investors had more bullish view that an OPEC meeting late this month (i.e. on November 30) would reach a deal to cut output because there was news that Iraq and Iran were considering to cut their oil production. However, since there is yet to be clarity, the SET might continue to increase amid volatility and retreat periodically, while some investors wait for EIAs U.S. oil
inventory report due out tonight.
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15
November
2016
Daily Focus : 15 November 2016, Although SET falls more than expected, index still likely to rebound as expected
(views 128)
The SET has tumbled in the last two days. Moreover, although Asian equity markets continued to decrease this morning, there was a certain degree of buyback to provide support, making it possible for each market to recoup some of its loss. In the U.S., Wall Street began to increase at a slower pace, while U.S. dollars gain
started to decrease. After which, the Baht turned to slightly increase. Moreover, global crude began to recover. Although it ended lower, the loss was smaller than it was earlier. Given that, FSS expects the SETs downside to be limited. Whats more, there is chance that there will be buyback that supports Thai equity markets to turn to rally again as we have anticipated. Nevertheless, investors might need to be cautious over volatility at this time.
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14
November
2016
Daily Focus : 14 November 2016, SETs downside likely limited; hold
(views 164)
Investment sentiment in foreign equity markets was quite directionless. Wall Street started to increase at a slower pace after the Vice President of the Fed said that there was more ground that supported the central bank to unwind its easing. Given that, investors were more convinced that the Fed prepared to raise policy rate at a meeting mid-next month, i.e. December 13-14. In addition, global crude also dropped by nearly 3% due to concern over global supply glut, while the Baht decreased by nearly 2% last week.
However, the Thai currency started to stabilize, while global crude slightly recovered. Hence, FSS expects to SET to see limited downside. Whats more, there is chance there will be buying to bet on earnings results and Thailands economic recovery, which will support the index to turn to rally.
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11
November
2016
Daily Focus : 11 November 2016, SET likely to continue to rally; recommend hold
(views 139)
Last night, Wall Street continued to rally after investors believed Trumps policies would help ease restrictions on banks and stimulate spending on infrastructure. With that, banks and industrial shares continued to surge. Moreover, U.S. weekly jobless claims also decreased more than expected. However, European equity markets were pressured by selling to lock in profit, while crude turned
to decrease. Although hope increased that the Fed might postpone policy rate hike further, some investors would still like to wait for the Feds stance. Given that, several Asian stock markets were volatile and ease this morning, while the Baht weakened, putting a cap on Thai equity markets. For these reasons, although FSS believes that the SET will continue to rally, investors need to be cautious on volatility.
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10
November
2016
Daily Focus : 10 November 2016, SET quickly recovers amid volatility; recommend hold
(views 159)
This morning, international equity markets turned to move better after both U.S. and European stock markets managed to turn to end up by over 1% last night thanks to strong buying in bank, healthcare and industrials shares after optimism that the policies of the new U.S. President would support the business sector and drive the economy to grow strong. With that, Asian stock markets turned from its yesterdays plunge and opened higher this morning. In Thailand, FSS continues to believe that the SET will continue to climb after the index dropped and recovered quickly yesterday. Such rally should be made possible by corporate earnings and the domestic economy which we expect to recover strongly next year.
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09
November
2016
Daily Focus : 9 November 2016, SET likely to continue to rally; recommend hold
(views 118)
This morning, investment sentiment in foreign equity markets continued to be bright as some of the ballots cast have been
counted and results are quite in line with investor expectation. Moreover, global crude continued to slightly recover yesterday after
the OPEC had revised up their global demand forecast for 2017. Since we have to wait until afternoon before U.S. presidential election result becomes clear, we expect the SET to be quite volatile after the index has rallied in the last two days to price in U.S. presidential election result. However, FSS expects the SETs downside to be limited and there is still prospect that the index will continue to increase.
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08
November
2016
Daily Focus : 8 November 2016, SET likely to continue to increase; recommend hold
(views 126)
This morning, investment sentiment in international markets was quite bright because most U.S. and European stock
markets ended sharply up after investors turned to feel more confident that Mrs. Clinton will win in U.S. presidential election tonight. Moreover, global crude began to recover to move in positive territory again after an earthquake erupted close to U.S. oil hub, triggering fear over supply. Meanwhile, foreign investors selling in Thailand started to fade. Given all that, FSS expects the SET to continue to move in the positive territory. However, investors still need to be cautious over periodic volatility from selling to lock in short-term profit.
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07
November
2016
Daily Focus : 7 November 2016, SET likely to bounce back after considerable decrease
(views 118)
Last Friday, both U.S. and European stock markets ended lower due to investor caution over sell after there was uncertainty over U.S. presidential election result. Although U.S. nonfarm payrolls in October increased less than expected, it was still at a level that triggered fear about a Fed rate hike in mid-December. However, most Asian equity markets turned to open higher again this morning after the Dow Jones Futures turned to move up by nearly 200 points thanks to news that the director of the FBI confirmed to U.S. House of Representatives that Mrs. Hillary Clinton did not commit any criminal offence from the use of her personal emails while in office.
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04
November
2016
Daily Focus : 4 November 2016, Despite volatility, SET still likely to increase
(views 139)
Last night, Wall Street was pressured by uncertainty over U.S. presidential election result after Mr. Donald Trump began to
pick up speed and was now close to Mrs. Hillary Clinton. Moreover, the Fed also signaled a policy rate hike at a meeting next month, while global crude continued to tumble by another 1% after the EIA reported that U.S. oil inventories increased more than expected, while OPEC oil output in October continued to hit new high. Given that, Asian stock markets continued to open lower this morning. We believe that this will also put pressure on the SET and make the Thai main index to be volatile and retreat. Nonetheless, Asia equity markets loss was still limited. Hence, FSS also expects the SET to see limited downside.
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03
November
2016
Daily Focus : 3 November 2016, SET continues to stabilize well; recommend hold
(views 126)
The SET continued to see pressure from the concern over U.S. presidential election. Moreover, the anxiety over a Fed rate
hike continued to cloud the market. Although the latest FOMC meeting last night resolved to keep policy rate on hold, it signaled a rate increase at the next meeting on December 13-14. Meanwhile, some investors continued to wait U.S. non-farm payrolls late this week in order to forecast if the Fed would raise interest rate at the next meeting or not. Given that, the SET is still likely to be volatile. However, FSS continues to believe that the SETs fall will be limited and there is chance that it will turn to rally shortly.
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02
November
2016
Daily Focus : 2 November 2016, SET sees support from buying amid volatility; recommend hold
(views 130)
We view that investors still need to watch on selling to lock in profit which might pressure the SET to decrease after both U.S. and European stock markets tumbled quite sharply overnight due to investor disappointment on some corporate earnings and uncertainty over U.S. presidential election on November 8 after polls suggested that the two key candidates were now a close tie. Moreover, global crude continued to weaken due to pressure from supply glut, while some investors remained on the sidelines, waiting for results from FOMC meeting tonight (November 2). Nonetheless, FSS expects downside to be limited and there is chance that the SET will turn to rally shortly.
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01
November
2016
Daily Focus : 1 November 2016, SETs decrease serves as opportunity to buy
(views 261)
Foreign sentiment was not bright, pressured by global crude which tumbled by nearly 4% yesterday after the informal
meeting between OPEC and non-OPEC officials did not produce additional result. Although they said that there was positive
development, that did not very much ease investors. As a result, Asian stock markets continued to move in negative territory this morning.
Meanwhile, foreign investor continued to record a net sell position in Thailand. Hence, FSS expects the SET to continue to move sideways
down. However, downside should be limited and there is prospect that there will be buying that drives the index back to positive territory
shortly.
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31
October
2016
Daily Focus : 31 October 2016, Despite possible retreat, downside limited
(views 306)
Investment sentiment in foreign equity markets this morning looks bleak after the FBI prepared to resume its investigation
in Hillary Clintons private email case, which triggered investor concern over U.S. presidential result next week. Whats more, U.S.s 3Q16 GDP also expanded more than expected, which might cause the Fed to decide to raise interest rate shortly. Meanwhile, European corporate earnings continued to look weak and French economy was weaker than expected. Given that, most Asian equity markets continued to open lower and FSS expects the SET to continue to retreat. However, the Thai index continued to see support from buying when it decreased. Hence, although it was down, it stabilized quite well. For this reason, we believe that downside is quite limited. After which, we predict the SET to turn to rally.
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28
October
2016
Daily Focus : 28 October 2016, SET likely to be volatile before rally; buy on weakness
(views 131)
Yesterdays afternoon, global crude began to recover, which supported for the SET to close higher. Today, we expect the gain
to continue to support the market after there was positive news that Saudi Arabia and its alliances in the Persian Gulf reiterated their intention to cut output by 4%. In Europe, stock markets also increased after Britain 3Q16 GDP expanded more than expected. On the other side of the Atlantics, Wall Street continued to be pressured by weak corporate earnings and a surprise decline in U.S. durable goods orders, which made the market to be volatile. However, the loss was quite limited. Given that, most Asian stock markets were also volatile, moving within narrow range this morning. In Thailand, FSS also expects the SET to remain volatile. However, downside is limited and there is prospect that the index will continue to increase in the end.
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27
October
2016
Daily Focus : 27 October 2016, SET likely to ease in near term, serving as opportunity to buy
(views 141)
We maintain our call for investors to gradually buy on weakness. After which, it is suggested that investors hold, waiting for a new round of rallies.
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26
October
2016
Daily Focus : 26 October 2016, SET likely to fall; wait to buy on weakness
(views 166)
We maintain our call for investors to hold long-term investment and selectively place new bets on weakness.
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25
October
2016
Daily Focus : 25 October 2016, SET likely to fall; wait to buy on weakness
(views 135)
We maintain our call for investors to hold long-term investment and selectively place new bets on weakness.
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21
October
2016
Daily Focus : 21 October 2016, SET has sharply increased and continues to be capped; buy on weakness
(views 128)
Strategy: We recommend that investors hold their long-term investment. For new bets, it is advisable to gradually place them on
weakness.
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20
October
2016
Daily Focus : 20 October 2016, SET risks to fall; wait to buy on weakness
(views 138)
We recommend that investors continue to hold long-term position and wait to place new bets on weakness. For trading, sell
some into strength and wait to buy back when the index decreases.
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19
October
2016
Daily Focus : 19 October 2016, SET likely to fall; wait to buy on weakness
(views 130)
We recommend that investors hold their long-term investment and wait to accumulate new position on weakness. For trading, sell some into strength and wait to buy back when the index decreases.
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18
October
2016
Daily Focus : 18 October 2016, SET likely to modestly retreat prior to rally
(views 134)
We maintain our call for investors to buy on weakness. After which, we recommend that investors hold, waiting for a new round of rallies before locking profit.
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17
October
2016
Daily Focus : 17 October 2016, Wait to buy on weakness
(views 138)
Wait to buy on weakness. For trading bet, sell into strength and buy on weakness.
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14
October
2016
Daily Focus : 14 October 2016, Despite high volatility, hold
(views 158)
We recommend that investors continue to hold already-have position, waiting for market recovery. However, it is suggested that
new bet are placed only for trading. In this regard, the buy on weakness and sell into strength recommendation is still valid.
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13
October
2016
Daily Focus : 13 October 2016, Given high volatility, put off on buying; hold already-have position
(views 142)
The SET continued to be volatile. As a result, investors might want to slow their buying. However, it is suggested that investors keep the position that they already have.
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12
October
2016
Daily Focus : 12 October 2016, SET likely to steady and then rebound; recommend HOLD
(views 112)
The SET has decreased quite sharply. As a result, FSS believes there is chance that the index will begin to steady, waiting for opportunity to rebound. For this reason, following our BUY call, we now recommend that investors hold.
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11
October
2016
Daily Focus : 11 October 2016, SET likely to steady and rebound, despite larger-than-expected fall
(views 125)
We maintain our call for investors to selectively buy and then hold, waiting for a new round of rallies to lock in profit.
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10
October
2016
Daily Focus : 10 October 2016, SET likely to decrease modestly; serving as opportunity to buy
(views 148)
We continue to recommend that investors selectively buy and then hold, waiting for a new round of rallies.
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07
October
2016
Daily Focus : 7 October 2016, SET likely to be volatile and retreat; serving as opportunity to buy
(views 138)
If the SET decreases, we view it as an opportunity to selectively buy and then hold, waiting for the next round of rallies.
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06
October
2016
Daily Focus : 6 October 2016, Selectively buy on weakness and then hold, waiting for new round of rallies
(views 128)
We maintain our call for investors to selectively buy and then hold, waiting for a new round of rallies. We stand by our end-2016
target at 1650 points.
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05
October
2016
Daily Focus : 5 October 2016, SET likely to be volatile; buy on weakness
(views 159)
We maintain our call for investors to selectively buy on weakness and then hold, waiting for a new large round of rallies.
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04
October
2016
Daily Focus : 4 October 2016, SET likely to modestly decrease and turn to rally
(views 291)
We maintain our call for investors to accumulate on weakness and then hold for medium- to long-term investment.
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03
October
2016
Daily Focus : 3 October 2016, SETs fall likely to be brief and to be followed by rally
(views 148)
FSS maintains our call for investors to accumulate on weakness and then hold for medium- to long-term investments.
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30
September
2016
Daily Focus : 30 September 2016, SET likely to be volatile and retreat; buy on weakness
(views 119)
We maintain our call for investors to buy on weakness. After which, we recommend that investors hold for mid- to long-term
investments.
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29
September
2016
Daily Focus : 29 September 2016, SET has sharply decreased and likely to rebound
(views 118)
FSS maintains our call for investors to selectively buy. After which, we recommend that investors hold, waiting to sell when the index increases to our target of 1650.
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28
September
2016
Daily Focus : 28 September 2016, Buy on weakness and hold, waiting for new round of rallies
(views 141)
FSS expects the SET to retreat only briefly before it turns to climb. For this reason, we recommend that investors selectively buy on weakness and then hold, waiting to sell into strength.
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27
September
2016
Daily Focus : 27 September 2016, SET likely to steady before rally; buy on weakness and hold, waiting to sell into strength
(views 134)
We expect the SET to decrease briefly before it turns to climb shortly. For this reason, we continue to recommend that investors buy on weakness and then hold, waiting to sell into strength.
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26
September
2016
Daily Focus : 26 September 2016, SET likely to fall briefly, which serves as opportunity to buy
(views 147)
Selectively buy if the market decreases. After which, hold.
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23
September
2016
Daily Focus : 23 September 2016, SET likely to ease after strong rebounds; buy on weakness
(views 143)
Hold already-have position, waiting for a new round of rallies. Place new bets on weakness.
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22
September
2016
Daily Focus : 22 September 2016, SET likely to continue to increase; hold already-have position
(views 126)
We recommend that investors hold already-have position, waiting for a new round of rallies. However, if new bets are needed, they should be placed on weakness.
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21
September
2016
Daily Focus : 21 September 2016, SET falls only to wait for new round of rallies; recommend hold
(views 130)
The SET decreased, helping reduce the heat from the rebounds in the past week or so. Looking ahead, we expect the index
to begin to steady and bounce back. Hence, if the market decreases, we recommend that investors buy and then hold, waiting for a new
round of rallies.
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20
September
2016
Daily Focus : 20 September 2016, SET might fall prior to rally
(views 115)
In the near term, we expect the SET to fall from 1500 (+/-). However, downside is limited and there is prospect that it will rally to
1650 in the end. For this reason, investors can lock in profit on trading bets and wait to buy them back on weakness.
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19
September
2016
Daily Focus : 19 September 2016, Despite possible retreats, SET still likely to continue to rally; recommend HOLD
(views 142)
FSS continues to believe that in the near term the SET will climb to 1500 (+/-), the level seen after the first panic sell, or higher.
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16
September
2016
Daily Focus : 16 September 2016, SET likely to continue to rally amid volatility; hold already have position
(views 160)
In the near term, we expect the SET to increase to 1500 (+/-), which will offer opportunity to lock in profit. However, FSS recommends that investors hold for long-term investment and bet that the index increases to our target of 1650.
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15
September
2016
Daily Focus : 15 September 2016, Market likely to increase amid volatility; hold already-have position
(views 152)
We believe the SET is swinging upward after the index has sharply decreased earlier. In the near term, there is chance it will rally
to 1500 (+/-), a level seen early last week before the first round of panic sells. For this reason, we recommend investors hold after bets
are placed.
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14
September
2016
Daily Focus : 14 September 2016, SET likely to steady amid volatility before rally; recommend hold
(views 152)
FSS continues to believe that the SET will climb to our end-2016 target of 1650. For this reason, should markets retreat, it will serve as opportunity to buy. After which, we recommend that investors hold, waiting for a new round of rallies.
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13
September
2016
Daily Focus : 13 September 2016, Hold after accumulation, waiting to lock in profit
(views 152)
After accumulation, we now recommend that investors hold, waiting for the SET to rally. We maintain our end-2016 target at 1650.
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12
September
2016
Daily Focus : 12 September 2016, Hold already-have position; wait to place new bets on weakness
(views 187)
Following our call to accumulate, we now recommend that investors hold, waiting for the SET to rally to our target of 1650. However, investors may wait for clarity from Fed meeting before placing new bet.
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09
September
2016
Daily Focus : 9 September 2016, Hold already-have position; wait to place new one after Fed meeting
(views 154)
Following our call for investors to accumulate on weakness, we now recommend that investors hold, waiting for the SET to increase to our index target of 1650. Should one want to place more bets, it is advisable to wait for clarity from the upcoming Fed meeting.
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08
September
2016
Daily Focus : 8 September 2016, Despite fall, SET likely to steady, waiting for rallies
(views 177)
The SET is likely to continue to be pressured by selling after Wall Street moved mostly in negative territory last night due to the latest Feds Beige Book, which indicated that U.S. economy only expanded modestly in July and August. Given that, most Asian stock markets opened lower this morning. However, the losses were not large because in the end the Dow turned to increase and ended only slightly lower overnight, supported by global crude which closed up by nearly 1.5% thanks to speculative buying before the EIAs release of U.S. oil inventories tonight. For this reason, although FSS expects the SET to see more loss, the index is likely to move sideways, waiting
for a new round of rallies in the future.

Strategy: We continue to recommend that investors accumulate and then hold, waiting for the SET to increase to our target of 1650.
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07
September
2016
Daily Focus : 7 September 2016, SET decreases to reduce heat; buy on weakness
(views 167)
This morning, international markets do not look too bad, although most Asian equity markets continued to be volatile and were mixed. However, Wall Street continued to rally as the report that U.S. service sector in August expanded at the lowest rate in six years helped keeping alive the hope that the Fed would not raise policy rate shortly. Although global crude was quite volatile, it continued to
increase by nearly 1%, positively responding to news that Saudi Arabia and Russia would cooperate to stabilize oil market, while Iran
supported oil producing countries to continue to maintain stability in the market. Given all that, FSS expects the SET to stabilize better,
waiting for a new round of rallies in the future.

Strategy: We continue to recommend that investors accumulate and then hold, waiting for the SET to increase our index target of 1650.
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06
September
2016
Daily Focus : 6 September 2016, Opportunity to buy
(views 154)
Although US markets closed yesterday and European stock markets closed slightly lower, improved economic data from Chinese, increasing crude oil prices, and continued net buy positions from foreign investors should help sentiment for Thai market. We still maintain our SET target at 1650 at yearend.

Strategy: The SETs retreat offers opportunity to accumulate.
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05
September
2016
Daily Focus : 5 September 2016, Hold for those who have positions; New buyers should buy on weakness
(views 197)
Global stock markets advance after US August jobs data disappoint, which pare expectations the FED would hike interest rates in September. Oil rose almost 3% after news that Russia and OPEC will agree to freeze production at a meeting late this month. We expect the SET to rebound with cautious on volatility.

Strategy: The SETs retreat offers opportunity to accumulate.
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02
September
2016
Daily Focus : 2 September 2016, SET likely to continue to fall; buy on weakness
(views 173)
Last night, Wall Street turned to end slightly up, supported by a rise in tech shares, after the Dow dropped by more than 100 points in the beginning. However, sentiment was weak as investors continued to wait for U.S. non-farm payrolls in August that is due out tonight. Meanwhile, global crude continued to plunge by over 3% after investors began to feel uncertain about an unofficial meeting of OPEC member countries on September 26-28. This morning, Asian stock markets continued to retreat. Given all that, we expect the SET to see selling pressure.

Strategy: As the SET is likely to continue to decrease, we maintain our call for investors to selectively buy on weakness.
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01
September
2016
Daily Focus : 1 September 2016, SET likely to continue to fall; wait to buy on weakness
(views 143)
The SET continued to be volatile, moving back and forth within narrow range, the last few days without fresh catalyst. Global crude continued to drop by over 3% last night after the EIA reported a higher-than-expected surge in U.S. oil inventory in the latest week. Moreover, the ADP revealed a larger-than-expected rise in U.S. private-sector employment, enhancing the concern over prospect
that the Fed would hike policy rate shortly. Given that, FSS expects the SET to move sideways down as some investors may decide to slow their investment, waiting for other U.S. economic data tonight and U.S. nonfarm payrolls on Fridays evening.

Strategy: Although the SET steadied, there was no catalyst. For this reason, we continue to recommend that investors gradually buy on weakness
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31
August
2016
Daily Focus : 31 August 2016, SET likely to continue to retreat, serving as opportunity to buy
(views 169)
Asian stock markets continued to be directionless after Wall Street started to decrease last night, pressured by a fall in Apple Inc. share and a decline in U.S. housing data. Meanwhile, investors continued to keep their eye on U.S. non-farm payrolls in August that is due out on Friday, September 2. An EC report indicated that the ESI in August dropped more than expected. Global crude continued to weaken by over 1% as investors continued to wait for the EIAs release of U.S. oil stockpiles tonight. Given all that, FSS believes that the SET will continue to move down rather than up.

Strategy: We recommend that investors continue to selectively buy on weakness because we believe that after the SET will turn to a new round of rallies after it has decreased.
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30
August
2016
Daily Focus : 30 August 2016, SET likely to move sideways down, serving as opportunity to buy
(views 151)
Although the SET might continue to steady, FSS believes the index will move mostly sideways down after Wall Street rallied all day and ended up by over 100 points, positively responding to U.S. consumer spending which continued to surge for the fourth straight month. In addition, there was buying in bank shares thanks to speculation over a Fed rate hike. Given that, it is unlikely that the gain in the DJIA will support domestic buying much. Meanwhile, global crude remained weak due to news about a rise in OPEC oil output. Looking ahead, we expect some investors to remain on the sidelines, waiting for U.S. employment data late this week to determine interest rate outlook.

Strategy: We maintain our call for investors to selectively buy on weakness. We believe that after the SET decreases, it will turn to make a new round of rallies
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29
August
2016
Daily Focus : 29 August 2016, SET likely to continue to fall, providing opportunity to buy
(views 171)
International markets continued to be volatile and retreat. Although the Fed Chair reiterated the central banks stance
that a policy rate hike will be gradual, its Vice Chairman signaled that the Fed might raise benchmark rate more than once in 2016, while
there are three more meetings scheduled this year. In addition, there is prospect that the hike will begin at a meeting in September. Given
that, there are pressure on markets. Key indicators for a rate increase will be U.S. employment rate that is due out early month (i.e. on
September 2-3). As a result, some investors will continue to wait for that data and FSS expects the SET to continue to move downward.

Strategy: As we believe the SET will continue to decrease to build up base for a new round of rallies, we maintain our call for investors to
wait and buy on weakness.
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26
August
2016
Daily Focus : 26 August 2016, SET begins to fall, serving as opportunity to accumulate
(views 160)
The SET continued to increase in the morning, after it ended strong a day earlier, thanks to support from buying in
blue-chip counters. However, there was no fresh catalyst and investors continued to wait for the Fed Chairs statement at Jackson Hole tonight (August 26), the index turned to decrease as anticipated.
Todays outlook: This morning, foreign equity markets were not bright. Specifically, U.S. stock markets continued to decrease as investors continued to wait for the Fed Chairs statement at Jackson Hole to catch a signal for U.S. policy rate hike. Moreover, European stock markets also closed lower after Germany business confidence index in August dropped sharply. Given that, Asian equity markets continued to open lower this morning. Although the losses were modest, we believe it is sufficient to cause the SET to continue to decrease. However,global crude began to see support from speculative buying after it tumbled by nearly 3% the other day as investors remained hopeful that oil-producing countries unofficial meeting on September 26-28 would produce concrete result. For this reason, investors may continue to bet that this fall will be followed by a new round of rallies. We maintain our call for investors to selectively buy on weakness.
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25
August
2016
Daily Focus : 25 August 2016, SET likely to continue to fall; wait to buy on weakness
(views 144)
International stock markets were not quite bright. Although most European equity markets continued to end higher thanks to optimism that the European banking sector outlook remains strong over the long run. However, Wall Street was volatile, moving more in negative territory. After which, it ended lower due to a sharp fall in global crude after the EIA revealed that U.S. oil stockpiles increased last week, while U.S. existing home sales in July dropped sharply. Moreover, healthcare shares saw sell-off after a large U.S. pharmaceutical was heavily criticized for its price hike. This morning, most Asian stock markets continued to be volatile and move sideways down. Given that, FSS expects the SET to continue to be volatile and retreat as investors continue to wait for the Fed Chairs statement tomorrow (August 26). We recommend that investors wait to selectively buy on weakness.
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24
August
2016
Daily Focus : 24 August 2016, SET likely to continue to retreat; wait to buy on weakness
(views 166)
Yesterday global crude started to recover to trade within US$46.7-47.2 a barrel. Although oil continued to be volatile until evening, it managed to end up 1.5% to US$48 a barrel in the end, supported by news that Iran signaled its readiness to cooperate in oil price support. Given that, both U.S. and European equity markets turned to close up last night, driven by U.S. new home sales in July, which surged to its peak in nearly nine years, while eurozone PMI in August expanded at a higher rate. However, selling momentum in Asia continued to be seen. Hence, FSS expects the SET to be volatile and retreat as investors continue to wait for the Fed Chairs statement late this week (i.e. on August 26). We continue to recommend that investors selectively buy on weakness.
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23
August
2016
Daily Focus : 23 August 2016, SET likely to continue to fall; selectively buy on weakness
(views 143)
Last night both U.S. and European stock markets ended lower. Global crude began to weaken by over 3% after there was report that U.S. oil rigs increased for the eight straight weeks. Moreover, there was no clarity that a meeting of oil-producing countries meeting on September 26-28 would yield concrete result about how to tackle supply glut or not. In Asia, stock markets were directionless this morning. To elaborate, they opened mixed with both losses and gains as investors continued to keep their ear on the Fed chairs statement at the central banks annual meeting in Jackson Hole on Friday, August 26 whether there would be a signal on policy rate hike. For this reason, FSS expects the SET to continue to retreat. However, the loss should be brief before the Thai index turns to climb to our index target of 1650. We continue to recommend that investors selectively buy on weakness.
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22
August
2016
Daily Focus : 22 August 2016, Buy on weakness and then hold, waiting for new round of rallies
(views 156)
Last Friday, global crude began to move within narrow range, swinging back and forth between positive and negative territories as investors were more cautious after it had rallied by over 20% in the last six days, while there was no clarity over a meeting to discuss a fix to supply glut. In addition, many Fed officials started to express an agreement with a sooner policy rate hike. Given that, both U.S. and European stock markets were pressured to fall quite considerably last Friday. This has in turn affected Asian equity markets
movement, causing most of them to open lower this morning. For this reason, FSS expects the SET to move downwards. However, we also
believes that the fall will be brief before the index turns to a new round of rallies to our index target which is maintained at 1650.
We recommend that investors selectively accumulate on weakness.
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19
August
2016
Daily Focus : 19 August 2016, SET still likely to fall; wait to buy on weakness
(views 166)
We continue to recommend that investors gradually buy on weakness.
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18
August
2016
Daily Focus : 18 August 2016, SET likely to continue to fall, serving as opportunity to buy
(views 189)
Although the SET rebounded, we continue to recommend that investors selectively buy on weakness.
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17
August
2016
Daily Focus : 17 August 2016, SET decreases to reduce heat, providing opportunity to place more bets
(views 179)
We recommend that investors selectively accumulate when the SET decreases.
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16
August
2016
Daily Focus : 16 August 2016, SET begins to gain limitedly and retreat; wait to buy on
(views 179)
FSS continues to recommend that investors hold, waiting to sell at our index target of 1650 or close. However, if ones want to
place new bets, we suggest that they are made on weakness.
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15
August
2016
Daily Focus : 15 August 2016, SET still likely to fall, serving as opportunity to accumulate
(views 155)
FSS continues to recommend that investors wait to buy on weakness. We view that a loss serves as opportunity to buy because we believe there is chance that the SET will climb to 1650 or close.
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11
August
2016
Daily Focus : Wait to buy on weakness
(views 184)
Although FSS continues to see the SET in positive light, expecting the index to climb to 1650 or close by year-end. In the near term, investors need to watch out on a fall. If that happens, it serves as buy opportunity and we recommend that investors accumulate on weakness.
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10
August
2016
SET likely to be volatile and retreat; wait to buy on weakness
(views 160)
FSS continues to see the SET in a positive light, expecting the index to climb to 1650 or close before end-2016. However, investors need to be cautious over a near-term retreat, which will serve as opportunity to accumulate.
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09
August
2016
Daily Focus : SET still likely to fall; wait to buy on weakness
(views 194)
Although FSS maintains our bullish view about the SET, expecting that the index will climb to move near 1650 or close within this year, it is still possible that the SET will fall, serving as an opportunity to buy. For this reason, we suggest that investors wait to
buy on weakness.
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08
August
2016
Daily Focus : SET likely to be volatile and retreat; wait to buy on weakness
(views 185)
FSS expects the SET to be volatile after the index has rallied quite sharply lately. Hence, we recommend that investors wait to buy on weakness.
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05
August
2016
Daily Focus : SET likely to be volatile and retreat; wait to buy on weakness
(views 180)
FSS expects the SET to see near-term rebounds prior to a fall. Hence, we maintain our call for investors to wait and buy on
weakness - to be safe.
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04
August
2016
Daily Focus : SET likely to see near-term rebound prior to fall; wait to buy
(views 198)
We expect the SET to rebound in the near term after the index dropped sharply in the last two days. After which, there is risk that the SET will turn to fall again. For this reason, we recommend that investors wait to buy when the index decreases.
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03
August
2016
Daily Focus : SET likely to continue to fall prior to new round of rallies; wait to buy on weakness
(views 164)
The SET plunged by nearly 40 points in the last two trading days to trade below 1500 as we have anticipated. For this reason, we recommend that investors wait and selectively accumulate on weakness.
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02
August
2016
Daily Focus : SET likely to continue to fall in order to rise again; buy on weakness
(views 164)
FSS maintains our call for investors to wait to buy on weakness.
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01
August
2016
Daily Focus : คาด SET ยังผันผวนต่อ ดังนั้นเน้นรอทยอยซื้อช่วงลบต่อไปดีกว่า
(views 161)
อย่างไรก็ตาม FSS ยังแนะนำให้ระวังแรงขายกดดัน SET ให้แกว่งตัวลบต่อ ดังนั้นไม่แนะนำให้ซื้อไล่ราคาช่วงบวก โดยน่ารอเลือกหุ้นทยอยซื้อช่วงลบดีกว่า แต่ถ้าขายลดพอร์ตไปมากแล้ว จะเลือกชะลอการขายลงบ้างก็ได้
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29
July
2016
Daily Focus : SET ขึ้นดีเกินคาด จะชะลอการขายบ้างก็ได้ แต่ไม่แนะนำให้ไล่ซื้อ
(views 184)
ถึงแม้ว่า SET ยังขึ้นต่อได้ดี แต่ FSS มองว่ามีความเสี่ยงสูง และยังต้องระวังจังหวะปรับพักตัวลงอยู่เช่นเดิม ดังนั้นไม่แนะนำให้ซื้อไล่ราคาช่วงบวก ยังน่ารอเลือกหุ้นทยอยซื้อช่วงลบดีกว่า แต่ถ้าขายลดพอร์ตไปมากแล้วจะเลือกชะลอการขายลงบ้างก็ได้
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28
July
2016
Daily Focus : คาด SET ยังมีสิทธิพักตัวลงต่อได้อีก ดังนั้น ยังแนะนำรอซื้อลบ
(views 158)
ยังแนะนำให้รอเลือกหุ้นทยอยซื้อช่วง SET แกว่งตัวลงดีกว่า เพราะช่วงที่ผ่านมาดัชนีขยับขึ้นมาค่อนข้างร้อนแรงพอควร โดยยังไม่มีปัจจัยบวกใหม่เข้ามาหนุนเพิ่ม ในขณะที่ช่วงตลาดบวกยังน่าสนใจแบ่งส่วนขายทำกำไรเพื่อลดพอร์ตได้เช่นเดิม
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27
July
2016
Daily Focus : คาด SET ยังอยู่ในช่วงแกว่งพักตัวลงต่อ ดังนั้นรอทยอยซื้อช่วงลบ
(views 169)
คาด SET ยังอยู่ในช่วงปรับพักตัวลงต่อเพื่อสร้างฐาน ก่อนพลิกกลับขึ้นจริงจังรอบใหม่ในช่วงถัดไป ดังนั้นหลังจากขายทำกำไรลดพอร์ตช่วงบวกไปแล้ว ถัดจากนี้ก็รอเลือกหุ้นทยอยซื้อใหม่ช่วง SET ไหลลงต่ำ
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26
July
2016
Daily Focus : SET ยังมีแรงขายช่วงบวก จึงเสี่ยงกับการพักฐานต่อ รอซื้อลบดีกว่า
(views 159)
คาดว่า SET ยังมีโอกาสปรับพักตัวลงเพื่อสร้างฐาน ก่อนพลิกกลับขึ้นจริงจังรอบใหม่ในช่วงถัดไป ดังนั้นยังน่ามองหาจังหวะขายทำกำไรลดพอร์ตช่วงบวก แล้วรอเลือกหุ้นซื้อใหม่เฉพาะช่วง SET ลบดีกว่า
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25
July
2016
Daily Focus : แม้ SET ยังพลิกกลับมาบวก แต่ก็เสี่ยงกับการพักฐานอีก รอซื้อลบดีกว่า
(views 206)
ช่วงนี้ยังต้องระวัง SET ปรับพักตัวลงอีก เพื่อสร้างฐานก่อนพลักกลับขึ้นจริงจังรอบใหม่ตามคาด ดังนั้น ยังน่ามองหาจังหวะขายทำกำไรลดพอร์ทช่วงบวก เพื่อรอเลือกหุ้นซื้อใหม่ช่วง SET ลบเช่นเดิม
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22
July
2016
Daily Focus : SET เริ่มปรับลง ซึ่งลุ้นพักตัวอีกสักระยะได้ ดังนั้น ค่อยๆ ทยอยซื้อลบ
(views 147)
คาดว่า SET มีโอกาสปรับพักตัวลงต่อเนื่องได้อีกสักระยะ ก่อนกลับไปขยับบวกต่อในช่วงหน้า ดังนั้น ตลาดปรับลงยังน่าสนใจเลือกหุ้นซื้อ แต่เน้นเป็นค่อยๆ ทยอยซื้อช่วงลบ ไม่ต้องรับ
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21
July
2016
Daily Focus : ช่วงนี้ต้องระวัง SET พักตัวลง ดังนั้น แบ่งขายทำกำไร เพื่อรอซื้อลบได้
(views 184)
เนื่องจาก SET ขยับขึ้นมามากแล้ว ทำให้ FSS ยังคาดหมายโอกาสปรับพักตัวลงในกรอบกว้างได้ในช่วงถุดไป ดังนั้น เรายังแนะนำให้รอเลือกหุ้นซื้อเพิ่มช่วง SET ปรับตัวลงดีกว่า และช่วงบวกสามารถแบ่งส่วนขายทำกำไร เพื่อรอซื้อช่วงปรับตัวลงได้ด้วย
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20
July
2016
Daily Focus : หลัง SET บวกมาพอควรและเข้าใกล้เป้าหมาย น่าแบ่งขายเพื่อรอซื้อลบ
(views 192)
ยังแนะนำให้รอเลือกหุ้นซื้อเพิ่มช่วง SET ปรับลงดีกว่า โดยในช่วงบวกน่าจะแบ่งส่วนทยอยขายทำกำไร เพื่อรอซื้อช่วงปรับลงอีกครั้ง
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15
July
2016
Daily Focus : SET ขึ้นเร็วและเข้าใกล้เป้าหมายซึ่งน่าเตรียมขาย จะซื้อจึงต้องรออ่อน
(views 171)
แนะนำให้รอเลือกหุ้นซื้อเพิ่มช่วง SET ปรับลงดีกว่า อย่างไรก็ตามเรามองว่า SET มีแนวโน้มที่จะขยับขึ้นสูงกว่า 1500 จุดได้ หุ้นที่มีอยู่จึงยังรอหาจังหวะขายทำกำไรแถว 1500 จุดหรือสูงกว่าได้
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14
July
2016
Daily Focus : SET ขึ้นเร็วต้องระวังผันผวน แม้ถือต่อได้ แต่น่ารอซื้อช่วงอ่อนตัว
(views 167)
ยังแนะนำให้เน้นถือหุ้นต่อเนื่องเพื่อลุ้นเป้าหมาย 1500 จุดอยู่ แต่ระยะสั้นตลาดขึ้นมาแรงและเร็วพอควร ทำให้ต้องระวังจังหวะแกว่งผันผวนและอ่อนตัว ดังนั้นถ้าจะซื้อเพิ่มจึงน่ารอช่วง SET ปรับพักไว้ก่อนดีกว่า
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13
July
2016
Daily Focus : SET ยังขึ้นได้ดีแม้จะผันผวน แต่ก็น่าถือต่อและเลือกซื้อช่วงอ่อนตัว
(views 173)
แนะนำให้เน้นถือหุ้นต่อเนื่องเพื่อลุ้นเป้าหมาย 1,500 จุด ในช่วงถัดไปตามคาด ส่วนถ้ามีจังหวะอ่อนตัวลง ถือเป็นโอกาสเลือกหุ้นซื้อเพิ่ม
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12
July
2016
Daily Focus : ยังเน้นถือหุ้นเพื่อรอลุ้น 1500 จุด...แต่ต้องระวังแกว่งจึงน่ารอซื้อลบ
(views 172)
ยังแนะนำให้เน้นถือหุ้นต่อเนื่อง เพื่อรอดัชนีแกว่งไต่ระดับขึ้นหาเป้าหมาย 1500 จุด ในช่วงถัดไปตามคาดเดิม ส่วนถ้ามีจังหวะอ่อนตัวลงให้ ก็ถือเป็นโอกาสในการเลือกหุ้นซื้อเพิ่ม
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11
July
2016
Daily Focus : หลังจากเลือกหุ้นซื้อลบไปแล้ว ถัดจากนี้เน้นถือเพื่อรอลุ้น 1,500 จุด
(views 179)
แนะนำให้เลือกหุ้นซื้อเพิ่มช่วงตลาดลบไปแล้ว ถัดจากนี้เน้นถือหุ้นต่อเนื่อง เพื่อรอดัชนีแกว่งไต่ระดับขึ้นหาเป้าหมาย 1,500 จุด ในช่วงถัดไป
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08
July
2016
Daily Focus : ตลาดลงยังน่าเลือกหุ้นซื้อ แล้วเน้นถือเพื่อรอรอบบวกใหญ่ต่อไป
(views 177)
ยังคาดว่า SET มีโอกาสปรับพักตัวลงให้เป็นโอกาสในการเลือกหุ้นซื้อเพิ่มได้ ก่อนลุ้นจังหวะขยับไต่ระดับขึ้นหาเป้าหมาย 1500 จุด ในช่วงถัดไป ส่วนที่ซื้อแล้วเราจึงยังแนะนำเน้นถือต่อเนื่องเช่นเดิม
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07
July
2016
Daily Focus : SET อ่อนตัวแล้วยังมีแรงซื้อหนุน ดังนั้น ยังเน้นถือต่อ และอ่อนตัวซื้อได้
(views 168)
ยังคาดว่า SET ผันผวนและปรับพักตัวเพียงช่วงสั้น ก่อนลุ้นโอกาสขยับไต่ระดับขึ้นหาเป้าหมาย 1500 จุด ได้ในช่วงถัดไป ดังนั้น ยังแนะนำถือต่อเนื่อง และเลือกหุ้นซื้อได้เมื่อตลาดปรับลง
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06
July
2016
Daily Focus : ความกังวลผล Brexit ยังกดดัน SET ให้ลงต่อได้ แต่คาดเป็นโอกาสซื้อ
(views 201)
คาดว่า SET ปรับลงเพื่อสร้างฐานรอขยับขึ้นรอบใหม่ โดยลุ้นเป้า 1500 จุดได้ในช่วงถัดไป ดังนั้นยังแนะนำถือต่อเนื่อง และเลือกหุ้นซื้อได้เมื่อตลาดปรับลง
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05
July
2016
Daily Focus : SET ยังมีสิทธิปรับพัก จึงแนะนำซื้อเพิ่มช่วงตลาดอ่อนตัวดีกว่า
(views 193)
ยังแนะนำเลือกหุ้นซื้อช่วง SET อ่อนตัวลง และส่วนที่ซื้อแล้วยังแนะนำให้เน้นถือต่อเนื่อง เพื่อรอทำกำไรรอบบวกใหญ่เช่นเดิม
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04
July
2016
Daily Focus : หลังจากซื้อแล้วยังแนะให้เน้นถือ แต่ถ้าจะซื้อเพิ่มน่าเลือกซื้อช่วงอ่อน
(views 210)
ยังแนะนำเลือกหุ้นซื้อช่วง SET อ่อนตัวลงน่าจะปลอดภัยกว่า แต่ส่วนที่ซื้อแล้วเรายังแนะนำให้เน้นถือต่อเนื่องเพื่อรอทำกำไรในรอบบวกใหญ่เช่นเดิม
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30
June
2016
Daily Focus : ยังแนะนำให้เน้นถือเพื่อรอรอบบวกใหญ่เป็นหลัก ถ้าอ่อนตัวก็ซื้อเพิ่ม
(views 193)
FSS ยังคาดหมายว่า SET จะแกว่งผันผวนที่บริเวณนี้เพียงแค่ระยะสั้น ก่อนลุ้นรอบบวกจริงจังต่อไปในเร็วๆนี้ ดังนั้น SET อ่อนตัวลงจึงยังน่าสนใจเลือกหุ้นซื้อเพิ่มได้ แล้วเน้นถือเพื่อรอทำกำไรในรอบบวกใหญ่ต่อไป
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29
June
2016
Daily Focus : ซื้อแล้วให้เน้นถือเพื่อรอรอบบวกใหญ่ และถ้าอ่อนตัวซื้อเพิ่มได้
(views 181)
FSS ยังแนะนำให้เน้นถือต่อเนื่อง เพื่อรอรอบบวกจริงจังต่อไป ส่วนถ้า SET ยังมีจังหวะอ่อนตัวลงให้อีก ก็น่าสนใจเลือกหุ้นซื้อเพิ่มได้เช่นเดิม
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28
June
2016
Daily Focus : หลังจากซื้อแล้วให้เน้นถือเพื่อรอรอบบวกใหญ่ แต่ซื้อเพิ่มน่ารออ่อนตัว
(views 586)
หลังจาก FSS แนะนำให้เลือกหุ้นซื้อช่วงตลาดลบไปแล้ว ถัดจากนี้เน้นถือเพื่อรอรอบบวกจริงจังต่อไป อย่างไรก็ตามยังต้องระวังการแกว่งตัวผันผวน ดังนั้นถ้าจะเลือกหุ้นซื้อเพิ่มยังรอช่วงตลาดแกว่งอ่อนตัวได้
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27
June
2016
Daily Focus : SET ปรับลงยังมองเป็นโอกาสเลือกหุ้นซื้อ แล้วเน้นถือเพื่อรอรอบบวก
(views 348)
ดังนั้น FSS ยังแนะนำให้เลือกหุ้นซื้อในช่วงตลาดอ่อนตัวลงได้ แล้วเน้นถือเพื่อรอรอบบวกในช่วงถัดไป ค่อยพิจารณาหาจังหวะทำกำไรต่อไป
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24
June
2016
Daily Focus : คาด SET ผันผวนเพื่อสร้างฐานรอรอบขึ้นใหม่ ดังนั้น ซื้อแล้วเน้นถือต่อ
(views 182)
FSS ยังแนะนำให้เลือกหุ้นซื้อในช่วงตลาดอ่อนตัวลงได้ แล้วเน้นถือเพื่อรอรอบบวกในช่วงถัดไป ค่อยพิจารณาหาจังหวะทำกำไรต่อไป
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23
June
2016
Daily Focus : SET ยังผันผวนให้รอซื้อช่วงอ่อนตัวได้อยู่ แต่ซื้อแล้วน่าเน้นถือต่อไป
(views 168)
FSS ยังแนะนำให้รอเลือกหุ้นซื้อในช่วงตลาดอ่อนตัวลงดีกว่า อย่างไรก็ตาม เรายังคาดหมายว่า SET มีแนวโน้มที่จะสามารถแกว่งไต่ระดับขึ้นไปหาดัชนีตามพื้นฐานที่เราประเมินไว้แถว 1,500 จุด ได้ในช่วงถัดไปอยู่เช่นเดิม ส่วนที่ซื้อแล้วจึงแนะนำให้ถือเพื่อรอรอบบวกต่อไปได้
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22
June
2016
Daily Focus : SET อาจผันผวนบ้างทำให้ยังน่าซื้อช่วงอ่อนตัว แต่ซื้อแล้วเน้นถือต่อได้
(views 163)
ดังนั้นแม้ว่า FSS ยังคาดว่า SET จะสามารถแกว่งไต่ระดับขึ้นไปหาระดับดัชนีตามพื้นฐานที่เราประเมินไว้แถว 1500 จุดได้ในช่วงถัดไป แต่ระยะสั้นต้องระวังการแกว่งตัวผันผวนและอ่อนตัวไว้ด้วย ดังนั้นเราจึงยังแนะนำให้เลือกหุ้นซื้อช่วงตลาดอ่อนตัวดีกว่า อย่างไรก็ตามส่วนที่ซื้อแล้วแนะนำให้เน้นถือเพื่อรอรอบบวกต่อไป
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21
June
2016
Daily Focus : ซื้อแล้วยังเน้นถือต่อได้ แต่ซื้อใหม่ยังน่ารอช่วงแกว่งอ่อนตัวดีกว่า
(views 161)
FSS คาดว่า SET จะปรับพักตัวเพียงช่วงสั้น และมีกรอบลบค่อนข้างจำกัด ก่อนลุ้นแรงซื้อหนุนให้ตลาดสามารถแกว่งไต่ระดับกลับขึ้นไปหาระดับดัชนีตามพื้นฐานที่เราประเมินไว้แถว 1500 จุดได้ในช่วงถัดไป ดังนั้น SET ลบยังเลือกหุ้นซื้อ แล้วเน้นถือเพื่อรอรอบบวกต่อไป
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20
June
2016
Daily Focus : หลังจากซื้อแล้วแนะนำให้เน้นถือต่อเนื่องไว้ก่อน เพื่อรอรอบบวกใหญ่
(views 307)
FSS ยังคาดว่า SET ปรับพักตัวลงเพียงช่วงสั้น และสามารถลุ้นแรงซื้อกลับเข้ามาหนุนช่วงตลาดเป็นลบต่อได้ โดยเรายังคาดว่า SET มีสิทธิแกว่งไต่ระดับกลับขึ้นไปหาระดับดัชนีตามพื้นฐานที่ 1500 จุดได้ในช่วงถัดไป ดังนั้น SET ลบยังเลือกหุ้นซื้อ แล้วเน้นถือเพื่อรอรอบบวกต่อไป
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17
June
2016
Daily Focus : หลังเลือกหุ้นทยอยซื้อลบแล้ว แนะนำให้ถือต่อเพื่อรอขายสูง
(views 172)
FSS ยังคาดหมายว่า SET ปรับพักตัวลงเพียงช่วงสั้น และยังสามารถลุ้นแรงซื้อกลับเข้ามาหนุนช่วงตลาดเป็นลบต่อได้ โดยเรายังคาดว่า SET มีสิทธิแกว่งไต่ระดับกลับขึ้นไปหาระดับดัชนีตามพื้นฐานที่ 1,500 ได้ในช่วงถัดไป ดังนั้น SET ลบยังเลือกหุ้นซื้อ แล้วเน้นถือเพื่อรอรอบบวกต่อไป
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16
June
2016
Daily Focus : SET ยังผันผวนและอ่อนตัวได้ จึงรอทยอยซื้อลบต่อ แต่ซื้อแล้วเน้นถือ
(views 164)
หลังจากให้เลือกหุ้นทยอยซื้อสะสมช่วง SET ลบไปแล้ว ถัดจากนี้แนะนำถือต่อเนื่องไว้ก่อน ขณะที่ยังเลือกหุ้นซื้อต่อถ้าตลาดปรับลง
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15
June
2016
Daily Focus : คาด SET ยังมีสิทธิปรับพักฐานก่อนขึ้นรอบใหม่ จึงรอทยอยซื้อลบต่อ
(views 153)
เรายังแนะนำให้เลือกหุ้นทยอยเข้าซื้อสะสมในช่วง SET ลบดีกว่า และหลังจากซื้อแล้วยังแนะนำให้เน้นถือเพื่อรอรีบาวด์จริงจังในช่วงหน้าต่อไป โดยไม่จำเป็นต้องทำกำไรเร็วนัก
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14
June
2016
Daily Focus : คาด SET พักตัวสร้างฐาน เพื่อรอขึ้นรอบใหม่ ดังนั้นเลือกหุ้นทยอยซื้อ
(views 178)
ถึงแม้ SET ยังมีสิทธิพักตัวลงต่ออีก แต่ FSS คาดว่าเป็นการพักตัวเพื่อสร้างฐานรอการแกว่งขึ้นรอบใหม่ตามคาด ดังนั้นเรายังแนะนำให้เลือกหุ้นทยอยเข้าซื้อสะสมต่อเนื่อง แล้วเน้นถือเพื่อรอขายทำกำไรช่วงบวกต่อไป
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13
June
2016
Daily Focus : SET เริ่มปรับตัวลงตามคาด ซึ่งถือเป็นโอกาสในการเลือกหุ้นทยอยซื้อ
(views 242)
FSS ยังคาดว่า SET อยู่ระหว่างปรับพักตัวเพื่อลดความร้อนแรงของการขยับขึ้นเร็วเกินไปในช่วง 2 สัปดาห์ก่อนหน้า แต่ด้วยสภาพคล่องในตลาดที่ยังมีมาก รวมทั้งคาดว่านักลงทุนยังเชื่อมั่นว่าเฟดจะชะลอการขึ้นอัตราดอกเบี้ยออกไปก่อน ทำให้มีลุ้นแรงซื้อกลับเข้ามาหนุนอีกครั้งได้ โดยเรายังคาดหมายโอกาสที่ดัชนีจะขยับขึ้นหาเป้าหมาย 1500 จุดได้ในช่วงถัดไป จึงยังแนะนำเลือกหุ้นทยอยซื้อช่วงลบ แล้วเน้นถือต่อเนื่อง
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10
June
2016
Daily Focus : SET ยังมีแนวโน้มแกว่งลบให้เป็นโอกาสในการเลือกหุ้นซื้อต่ออยู่
(views 205)
FSS ยังคาดว่า SET ปรับลงเพื่อลดความร้อนแรงของการขึ้นในช่วงที่ผ่านมา ขณะที่สภาพคล่องในตลาดยังมีสูง ทำให้มีลุ้นแรงซื้อกลับเข้ามาหนุนเมื่อ SET ปรับตัวลง และสุดท้ายตลาดยังมีแนวโน้มที่จะขยับขึ้นต่อ เพื่อลุ้นวิ่งขึ้นหาเป้าหมาย 1500 จุดได้ในช่วงถัดไป จึงแนะนำเลือกหุ้นทยอยเข้ารับ แล้วเน้นถือต่อเนื่อง
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09
June
2016
Daily Focus : SET บวกยังเน้นถือรอขายสูง แต่ถ้าซื้อเพิ่มน่ารอช่วงแกว่งย้อนอ่อนตัว
(views 157)
หลังจาก FSS แนะนำให้ทยอยซื้อช่วง SET ลบแล้ว จากนี้ไปให้เน้นถือเพื่อรอรอบบวกใหญ่ โดยมีเป้าหมาย 1,500 จุด หรือใกล้เคียง อย่างไรก็ตาม ถ้าจะเลือกหุ้นทยอยเข้าซื้อเพิ่มอีก ยังน่ารอช่วง SET อ่อนตัวลงเช่นเดิม
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08
June
2016
Daily Focus : คาด SET เริ่มมีจังหวะย้อนลบ ให้เป็นโอกาสเลือกหุ้นทยอยซื้อเพิ่มแล้ว
(views 201)
FSS คาดว่า SET จะพักตัวลงเพื่อสร้างฐาน ก่อนกลับไปแกว่งบวกขึ้นหาระดับดัชนีเป้าหมายตามพื้นฐานที่เราประเมินไว้ที่ 1500 จุดได้ในช่วงถัดไป เนื่องจากสภาพคล่องในตลาดยังมีมาก ดังนั้นตลาดอ่อนตัวลงจึงแนะนำให้เลือกหุ้นทยอยเข้าซื้อสะสมต่อได้ แล้วเน้นถือเพื่อรอรอบบวกใหญ่ต่อไป
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07
June
2016
Daily Focus : ส่วนที่ซื้อแล้วยังถือต่อได้ แต่ถ้าจะซื้อใหม่น่ารอซื้อช่วงลบต่อไป
(views 168)
แม้ SET ยังขยับบวกต่อได้อีก หลังตัวเลขการจ้างงานฯของสหรัฐออกมาต่ำกว่าคาด ทำให้นักลงทุนยังมีความหวังว่าเฟดจะชะลอการขึ้นดอกเบี้ยไว้ก่อน แต่ก็มีแรงขายกดดันช่วงบวก ทำให้ดัชนีแกว่งผันผวนเพราะยังมีความไม่แน่นอน และขาดปัจจัยบวกเพิ่มเติม
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06
June
2016
Daily Focus : แม้ SET ยังบวกต่อได้ แต่ก็ต้องระวังผันผวน จึงแนะนำรอซื้อช่วงลบต่อ
(views 173)
SET แกว่งทรงตัวด้านบวกได้อีกในช่วงท้ายสัปดาห์ที่แล้ว แต่ก็มีแรงขายกดดันให้ผันผวนอยู่ คาดว่าเพราะไม่มีปัจจัยบวกใหม่เข้ามาหนุนเพิ่มมากนัก ขณะที่นักลงทุนยังกังวลเรื่องการขึ้นดอกเบี้ยสหรัฐด้วย ก่อนที่ภาคบ่ายจะได้แรงหนุนจากราคาน้ำมันโลกที่ขยับขึ้น ทำให้ SET ยังขึ้นทำ High
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03
June
2016
Daily Focus : คาด SET ยังมีสิทธิแกว่งลบ ให้เป็นโอกาสในการเลือกหุ้นซื้อได้อยู่
(views 179)
หลังผลประชุม OPEC ไม่มีความคืบหน้า ขณะที่ความกังวลเกี่ยวกับการขึ้นดอกเบี้ยของสหรัฐยังกดดันตลาด รวมทั้งไม่มีปัจจัยบวกใหม่ๆ เข้ามาหนุนเพิ่ม ทำให้ SET ยังมีสิทธิแกว่งผันผวนและย้อนลบ
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02
June
2016
Daily Focus : คาดตลาดเริ่มมีจังหวะปรับพักตัวลง ให้เป็นโอกาสในการเลือกหุ้นซื้อ
(views 171)
SET เริ่มมีจังหวะปรับพักตัวลงจริงจังมากขึ้น หลังจากช่วงก่อนหน้าดัชนีขยับขึ้นมาแรง ทำให้ FSS คาดว่า SET มีโอกาสพักตัวลงต่อได้อีก
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01
June
2016
Daily Focus : ช่วงนี้มีหุ้นอยู่ยังเน้นถือต่อเนื่องได้ แต่ถ้าจะซื้อใหม่ยังรอช่วงอ่อนตัว
(views 153)
SET เริ่มผันผวนมากขึ้น และมีจังหวะอ่อนตัวให้เห็น ขณะที่ราคาน้ำมันดิบในตลาดโลกก็เริ่มอ่อนแอลงต่อเนื่อง ก่อนลุ้นผลประชุม OPEC ในวันพรุ่งนี้ (2 มิ.ย.) รวมทั้งนักลงทุนยังกังวลเกี่ยวกับโอกาสในการขยับขึ้นอัตราดอกเบี้ยของสหรัฐในการประชุมเฟดกลางเดือนนี้ (14-15 มิ.ย.) นอกจากนี้ตัวเลข PMI ภาคบริการเดือน พ.ค. ของจีนเช้านี้ก็ยังชะลอลง ดังนั้น FSS แนะนำให้รอเลือกหุ้นทยอยซื้อช่วงลบดีกว่า อย่างไรก็ตามส่วนที่ซื้อแล้วยังเน้นถือต่อเพื่อลุ้นรอบบวก
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31
May
2016
Daily Focus : SET มีสิทธิผันผวนและย้อนลบ จึงน่ารอซื้อช่วงลบ แต่ซื้อแล้วถือต่อได้
(views 167)
แม้ SET จะรีบาวด์ขึ้นมาได้ดีในช่วงสัปดาห์เศษที่ผ่านมา แต่มองว่ามาจากแรงเก็งกำไรคาดการณ์ที่ว่าเฟดอาจจะยังไม่ขึ้นดอกเบี้ยในการประชุมรอบนี้(14-15 มิ.ย.)ซึ่งยังมีความไม่แน่นอนสูง
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30
May
2016
Daily Focus : ซื้อช่วงลบแล้วน่าเน้นถือต่อ แต่ถ้าจะซื้อใหม่น่ารอช่วงลบ
(views 155)
เนื่องจากยังไม่ได้มีปัจจัยบวกใหม่เข้ามาหนุน ขณะที่ความกังวลเกี่ยวกับการขึ้นอัตราดอกเบี้ยของสหรัฐเร็วกว่าคาด และการถอนตัวจาก EU ของอังกฤษยังกดดันตลาด ทำให้ SET ยังมีโอกาสปรับพักตัวลงอีกได้ตามคาดเดิม ดังนั้น FSS ยังแนะนำให้รอเลือกหุ้นทยอยซื้อช่วงลบดีกว่า แต่ส่วนที่ซื้อไว้แล้วแนะนำให้เน้นถือต่อ เพื่อรอรอบบวกใหญ่ที่คาดว่าใกล้จะเกิดขึ้นในเร็วๆ นี้ต่อไป
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27
May
2016
Daily Focus : ช่วงนี้ซื้อแล้วแนะนำถือต่อ แต่ถ้าจะซื้ออีกยังแนะนำรอช่วงตลาดปรับลง
(views 170)
SET ขยับบวกกลับขึ้นมาพอควรแล้ว ซึ่ง FSS ยังคาดหมายว่ากรอบบวกช่วงนี้น่าจะค่อนข้างจำกัด
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26
May
2016
Daily Focus : แม้ว่าส่วนที่ซื้อแล้วยังถือต่อไว้ได้ แต่ถ้าจะซื้อใหม่ยังน่ารอช่วงอ่อนตัว
(views 198)
แม้ SET ยังมีจังหวะรีบาวด์เป็นบวกต่อเนื่องได้อีก แต่คาดว่าเป็นการสลับบวก หลังจากช่วงก่อนหน้าดัชนีปรับตัวลงมาค่อนข้างเร็วพอควร อย่างไรก็ตามยังมีความกังวลในประเด็นการขึ้นอัตราดอกเบี้ยของเฟด และการตัดสินใจออกจาก EU ของอังกฤษ ทำให้ FSS คาดว่ากรอบบวกจะยังค่อนข้างจำกัด และเสี่ยงต่อการที่จะปรับตัวลงได้อีก ดังนั้นเรายังแนะนำให้เลือกหุ้นทยอยซื้อช่วงลบต่อ แต่ส่วนที่ซื้อไว้แล้วแนะนำให้เน้นถือต่อดีกว่า
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25
May
2016
Daily Focus : หลังจากซื้อช่วงลบแล้วเน้นถือไว้ได้ แต่ถ้าจะซื้อใหม่น่ารอช่วงอ่อนตัว
(views 139)
ถึงแม้ว่า SET จะมีจังหวะรีบาวด์สลับบ้างหลังปรับตัวลงมาค่อนข้างเร็วในช่วงก่อนหน้า แต่คาดว่ายังมีกรอบบวกจำกัด และเสี่ยงต่อการที่จะยังปรับตัวลงต่อเนื่องได้อีก
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