Securities Analyst I believe that if the political scene changes, “Pitha” does not get the second round of votes for Thailand as the leader. will be the best for the capital market Because the policy is conducive to the stock market, it may push the SET up to 1,720 points.
Mr. Kornphat Worachet, director of investment research and services, Krungsri Patanasin Securities, revealed that from the trend of voting for the second prime minister tomorrow (July 19), there is a high possibility that Mr. Phitha may not have the support, so he adjusted the scene in forming the government to 3 forms, giving the most weight to the first 2 forms: 1. The Pheu Thai Party became the leader instead and set up a government. With the current 8 coalition parties, 311 votes, looking for clarity to support the SET, it will swing up around 1,680-1,720 points. While turning the pole to capture the opposition party Estimated about 280-310 votes, looking for clarity to support the SET, it will swing up to a frame of about 1,620-1,680 points, but the risk of a rally that may occur is more stressful than 3. The formation of the government will be in the form of a minority, that is, the current opposition party. Estimated about 140-150 votes, looking to put pressure on the SET from both the policy instability. And there is a risk of a rally that may occur with the most tension, assessing the SET within the range of 1,350-1,460 points.
Keep an eye on political stocks SIRI – SC – ADVANC ready to move
IRA Securities analyzed that political clarity will occur again in the 2nd and 3rd rounds of voting on July 19-20, when talks about the opportunity for the Pheu Thai Party to form a successful government have begun to be discussed. We have a positive outlook on political stocks such as SIRI, SC and ADVANC, as well as a negative view on tourism-hotel stocks. In the case of political instability leading to political turmoil that has begun to see political activities, it is expected that the number of tourists in Thailand may come out lower than expected. In addition, the Chinese economy is recovering more slowly than the market estimates. It is expected that foreign travel, especially ASEAN countries, including Thailand that relies heavily on Chinese tourists, will be affected. We could see a downward revision of Chinese tourist forecasts and a negative sentiment for the sector.
UOB Kay Hian Securities views that politics moves towards a higher chance that the Prime Minister will come from Pheu Thai. After discussions with 8 parties before the 2nd round of the Prime Minister’s vote on July 19, the leader of the far-reaching party Come out to confirm if there is no significant increase in support. will give the Pheu Thai Party the opportunity to lead the government in forming This situation has led to an increase in the chance that the Prime Minister will come from the Pheu Thai Party. The market responded positively to Pheu Thai’s economic and policy team, which is more capital market friendly.
Today’s Thai stock market The market closed at 1,535.30 points, plus 6.53 points. Thai stocks fluctuated in an upward direction almost throughout the day, with the index hitting its lowest point today at 1,526.91 points and its highest at 1,535.62 points. 43,921 million baht .
Source: Thai News Agency
