Asia Plus Securities

analyzing

“Find good stocks.

During the dry volume ", stating that in December 2022, the average trading value of Thai stocks dropped to 5.8 billion baht per day.

(lowest of the year

and lower than the average of 7.2 billion baht per day)

Part of it is due to the holiday season.

There is a stock tax issue.

And wait for the results of the Federal Reserve meeting (Fed), etc., resulting in the overall SET Index difficult to rise.

However, if analyzed into sector returns during 1-8 Dec. '22, it is still enough to see and divide stocks underperform and outperform as follows:

Most of the underperform stocks are high stocks in the previous period, such as TOURISM, HELTH, including ENERG, PETRO, which were pressured by oil prices down 10% mtd (and Tactical Short stocks for the month of December that the research department

Recommended still in this group, both stocks are PTTEP and BH)

Outperform stocks are stocks that have gone deep in the past and have positive sentiment, for example, outstanding performance in the fourth quarter and continue to be good next year, such as FIN, MEDIA, CONS, and groups that are encouraged by China's opening of the country ETRON. including defensive stocks such as PF&REIT, PROP

while Kasikorn Securities issued an analysis

After the US reported employment numbers in November, 2022 that came out higher than expected, stating that

There are issues hidden in the details.

"U.S. Employment Numbers"

The US employment numbers report in November 2022, non-farm employment numbers

There were 263,000 new NFP jobs, 221,000 private sector jobs and 42,000 public sector jobs.

Despite strong non-farm employment and unemployment rates,

including higher-than-expected hourly wages

But details of the NFP caught our attention, such as layoffs in retail (down 30,000), transport and warehousing (down 15,000), along with slow manufacturing employment (up 14,000). (up 36,000 jobs vs. 36,000 jobs last month) Business Professionals (up 6,000 jobs vs. 26,000)

Kasikornbank viewed it as negative for the stock market.

But look at it as an opportunity to buy.

In addition, we still recommend fixed income funds K-GB and TMBGIN COME, as well as high growth funds K-CHANGE and TMBGQG!!

Index 51