The Thai stock index on March 30, 2023 closed at 1,605.42 points, down 5.10 points, with a trading value of 50,916.15 million baht, foreign net sellers of 1,835.44 million baht.

The highest traded shares DELTA closed at 1,100.00 baht, plus 94 baht, SCB closed at 102.50 baht, minus 1 baht, KBANK closed at 133.50 baht, minus 1 baht, CPALL closed at 62.25 baht, minus 0.75 baht, AS closed at 14.80 baht, unchanged.

The Thai stock market declined on profit taking pressure.

after the market lacks new supporting factors

While the Ministry of Commerce reveals that export figures in February 2023 contracted 4.7% from the same period last year.

and expects that the first half of the year will continue to be negative

Yuanta Securities (Thailand) recommends medium and small stocks.

It is expected that 1Q23 earnings will come out beautiful and cause the share price to outperform the market after this, such as DPAINT, SJWD, HUMAN, VRANDA. VRANDA shares have an EV/EBITDA in 2023 at 10.6 times and will decrease to 9.0 times in 2023. 2024, the share price is still significantly laggard in the hotel group at 12.0 times. Recommend to buy with a reasonable price of 9.40 baht.

Yuanta has also updated BEM shares in case the Supreme Administrative Court has ruled against BTS filing a lawsuit against the auction.

"Orange Line Electric Train" in which the court did not agree with the judgment of the Administrative Court of First Instance and returned the judgment to dismiss the lawsuit.

This case is a positive sentiment for BEM!!

TISCO Securities recommends "Buy" MEGA shares, expecting profits in the next 3 years to record new records due to revenue growth and margin expansion from own brands.

Including expanding new markets in Indonesia, looking at the 2-month share price that has fallen more than 17% as a "buy" moment, giving a target price based on fundamental factors at 58.25 baht.

Another SCB stock, indicating that the market relieves concerns about banking problems abroad, is a positive sentiment for Thai banks to recover, including the MPC's decision to raise interest rates by +0.25%, which is good for TISCO banking groups. new business

Will help drive revenue growth, even if Opex increases, choose SCB stocks as the top stock of the bank group.

Give a basic target price of 130 baht!!

Index 51