The Thai stock index on December 22, 2022 closed at 1,616.67 points, an increase of 6.73 points, with a trading value of 43,068.38 million baht, foreigners net selling 172.48 million baht.

The most traded shares MOSHI closed at 32 baht, plus 11 baht, PTTEP closed at 171 baht, plus 4.50 baht, DELTA closed at 704 baht, minus 14 baht, BBL closed at 145.50 baht, plus 1 baht, KBANK closed at 145 baht, plus 0.50 baht.

Thai stocks rose in line with the region.

after the US stock market

adjusted up and China relaxed measures to control COVID-19

While rising oil prices push up energy stock prices

, Asia Plus Securities Research Department

Looking at the overall stock market looks more relaxed, there are 3 positive factors: 1. The performance of US stocks.

and consumer confidence is better than expected

2. The market responded to the BOJ issue, announcing an extension of the 10-year bond yield framework. 3. China came out to express its opinion that Russia and Ukraine would like to negotiate rather than escalate the use of nuclear weapons.

which must be monitored closely because

It is a risk that disturbs and limits the upside of the stock market.

while TISCO Securities and "buy" TOA shares and CENTEL indicated that TOA shares from information received from the company

Confirm TISCO's point of view.

The profit outlook is expected to recover from 4Q22F onwards, thanks to rising demand in both domestic and CLMV markets, especially in Vietnam, which has accelerated significantly.

While costs related to oil prices weaken.

together with the strong baht and the increase in selling prices.

It is expected to support profit next year with remarkable growth of +37% with a target price based on fundamental factors of 40 baht.

CENTEL shares for hotel shares

From the expected good performance trend

There are also additional factors to support the price as CENTEL enters the SET50 around 1H23, giving a fundamental target price of 59 baht.

Lastly, Dao Securities forecasts the net profit of shares in the commercial banking group both in 2012 and 2023, giving more weight to invest in commercial banks than the market, since the valuation is still traded at only 0.70 times the PBV.

On the NPL side, even though it is still on the rise

But it's a gradual adjustment.

I prefer big banks over small ones.

as it benefits from an upward trend in interest rates

Choose KTB as a top pick with a 2023 target price of 20 baht and BBL give a 2023 target of 170 baht!!

Index 51