SET Index Target of 1,340-1,380

Target range: We anticipate a range of 1,340-1,380 for the SET Index in September.

Key factors influencing the market:

Fed rate cut signal. 

Domestic economic policies.

Chinese yuan carry trade.

Geopolitical tensions.

Investment strategy: Focusing on domestic plays, particularly retailers benefitting from the government’s digital wallet scheme.

Top picks: IVL, KTB, MAGURO, NER, SAV, and SISB.

 

Stocks Pick September 2024

IVL: Net profit seen bottoming out in 2Q24; sales volume growth on track for 3Q24E

KTB: Strong earnings growth outlook amidst superior asset quality

MAGURO: Strong earnings growth outlook driven by GPM expansion

NER: Bright 2H24E prospects amidst elevated rubber prices

SAV: Continued 2H24E growth outlook amidst potential Laos expansion

SISB: Strong Earnings Growth in 2H24E Driven by growing demand for international education