February market outlook: Range-bound trading

Trading range: 1,300-1,365 points

Key market drivers: US economic policy, Bank of Thailand Meeting, Thailand’s economic stimulus, and 4Q24E earnings season.

Investment strategy: Cautious & Opportunistic

Market sentiment: Volatile market conditions driven by external uncertainties and a lack of strong domestic cataylsts.

Recommended approach:

Defensive approach: Prioritize capital preservation and risk mitigation.

Short-term trading: Identify and capitalize on short-term price fluctuations and trading opportunities.

Selective stock picking: Focus on fundamentally sound companies with robust financials and attractive valuations.

Underperformers: Exercise cautions with stocks experiencing weak price momentum and potential for further downside.

Stock picks: CK, CRC, MAGURO, MINT, PTTEP, SAV, SISB

 

Stocks Pick February 2025

CK (BUY, Target Bt27.50) 4Q24E earnings upside; substantial backlog provides strong foundation

CRC (BUY, Target Bt45.00) Festive season drives growth in 4Q24-1Q25E

MAGURO (BUY, Target Bt26.00) Tonkatsu Aoki success drives expansion

MINT (BUY, Target Bt34.00)  4Q24E earnings upside potential at undervaluation

PTTEP (BUY, Target Bt160.00) Strong 1Q25E gas prices and attractive dividend yield

SAV (BUY, Target Bt27.00) Strong 4Q24E earnings & robust 2025E outlook

SISB (BUY, Target Bt40.00)  Strong growth momentum in 4Q24E and 2025E