DAOL: MONTHLY INSIGHTS_DECEMBER 2024
Market outlook
Expected index range: 1,410-1,500 points.
Key drivers and risks:
FOMC meeting: The upcoming FOMC meeting is scheduled for December 18th.
China’s economic measures: The Chinese government is expected to announce new economic stimulus measures in mid-December.
Thailand’s economic stimulus: Additional economic stimulus measures could be implemented.
Geopolitical risks: Ongoing geopolitical tensions, particularly the ongoing war, continue to pose significant downside risks to global markets.
Investment strategy
The SET Index is likely to remain volatile. Given this uncertainty, a short-term trading strategy can be effective. This approach focuses on stocks with strong growth potential and high dividend yields, particularly when the index is near support levels or shows signs of an uptrend.
Stock picks: AAV, CENTEL, CRC, MAGURO, SISB, SPRC, and TOG.
AAV (BUY, Target Bt3.60) Sustained profit growth in 4Q24-1Q25E on rising passenger numbers
CENTEL (BUY, Target Bt44.00) Strongest 2025E profit forecast among peers
CRC (BUY, Target Bt45.00) Promising growth forecast for upcoming holiday season
MAGURO (BUY, Target Bt22.50) Strong 4Q24E earnings outlook and new brand excitement
SISB (BUY, Target Bt40.00) Riding the wave of new academic year growth
SPRC (BUY, Target Bt8.50) Turnaround in sight amid improving crack spreads
TOG (BUY, Target Bt12.00) High season drive for 4Q24E and capacity expansion in 1Q25E
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DAOL SECURITIES (THAILAND) PUBLIC COMPANY LIMITED
DAOL Contact Center Address 87/2 CRC Tower, 18th Fl., All Seasons Place, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 THAILAND
DAOL Contact Center Address 87/2 CRC Tower, 18th Fl., All Seasons Place, Wireless Road, Lumpini, Pathumwan, Bangkok 10330 THAILAND
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