Post by account_disabled on Dec 30, 2023 10:09:43 GMT
AIRA Securities assesses investment direction in 2020. Under the investment framework of 1,560 - 1,760 points, along with recommending strategies for investing in stocks in the Global Play group such as PTTEP, PTTGC, TOP, SPRC, IVL, the Health Care Play group such as BCH, CHG and RJH, the Domestic Play group such as STEC, CK, UNIQ, as well as the SEAFCO group. Residential properties such as SPALI, AP and groups that are interesting from their operating results that have recovered prominently and have the opportunity to make new highs, such as CBG and CPF, along with specifying that they advise investors to keep an eye on the tense situation between the United States and Iran, which will become the main variable of investment at this time.
The research department of AIRA Securities Public Job Function Email Database Company Limited or AIRA views the SET Index target in 2020 under the 2020 EPS estimate of 97.70 baht, which is viewed as conservative growth at 4.5% in line with the Thai economy in the range of 3.0% +/- from Estimated EPS for 2019 at 93.50 baht and calculated using a PE Ratio in the range of 15 - 17 times, making this year's SET Index target estimated in the range of 1,560 - 1,760 points, looking at the main positive factors this year It will come from the trade war situation between the United States and China easing accordingly. Expected to help concerns about the global economic slowdown, the World Bank forecasts global GDP in 2020 to expand 2.7%, slightly improved from 2.6% in 2019, while the outlook for the Thai economy There is a chance of recovery, with the NESDB forecasting GDP .
this year in the range of 2.7 - 3.7%, although there are still pressure factors. from fragile exports and the impact from the strengthening baht But it is still expected to be compensated by domestic consumption. Under the stimulus measures that are expected to continue and investment, both public and private, is expected to accelerate from 2019. Including government investment plans such as rail system construction projects. Including high-speed trains, double-track trains and electric trains, including the Motorway project. In addition, the use of monetary easing policies of many central banks, including the FED and ECB, including the BoT, which has signaled maintaining low interest rates. to stimulate the economy The research department views that from the aforementioned factors will support a more positive investment outlook this year. Therefore, the research department recommends investment strategies in 2020. We recommend investing in Global Play stocks (energy, refineries, and petrochemicals) such as PTTEP, PTTGC, TOP, SPRC, and IVL because they are stocks that are based on foreign factors.
The research department of AIRA Securities Public Job Function Email Database Company Limited or AIRA views the SET Index target in 2020 under the 2020 EPS estimate of 97.70 baht, which is viewed as conservative growth at 4.5% in line with the Thai economy in the range of 3.0% +/- from Estimated EPS for 2019 at 93.50 baht and calculated using a PE Ratio in the range of 15 - 17 times, making this year's SET Index target estimated in the range of 1,560 - 1,760 points, looking at the main positive factors this year It will come from the trade war situation between the United States and China easing accordingly. Expected to help concerns about the global economic slowdown, the World Bank forecasts global GDP in 2020 to expand 2.7%, slightly improved from 2.6% in 2019, while the outlook for the Thai economy There is a chance of recovery, with the NESDB forecasting GDP .
this year in the range of 2.7 - 3.7%, although there are still pressure factors. from fragile exports and the impact from the strengthening baht But it is still expected to be compensated by domestic consumption. Under the stimulus measures that are expected to continue and investment, both public and private, is expected to accelerate from 2019. Including government investment plans such as rail system construction projects. Including high-speed trains, double-track trains and electric trains, including the Motorway project. In addition, the use of monetary easing policies of many central banks, including the FED and ECB, including the BoT, which has signaled maintaining low interest rates. to stimulate the economy The research department views that from the aforementioned factors will support a more positive investment outlook this year. Therefore, the research department recommends investment strategies in 2020. We recommend investing in Global Play stocks (energy, refineries, and petrochemicals) such as PTTEP, PTTGC, TOP, SPRC, and IVL because they are stocks that are based on foreign factors.