Expected trading range: The SET Index is projected to fluctuate within a range of 1,360-1,415 points.

Market outlook: The market is expected to experience volatility, pointing to the downside.

Key drivers and risks:

The inauguration of the US new president set for January 20th

The FOMC meeting scheduled for January 28-29th

Geopolitical tensions.

Investment strategy:

Profit-taking: Recommended to mitigate risks.

Selective buying: Focus on growth with strong growth potential amid attractive valuations.

Stock picks: AAV, CK, CRC, KTB, MAGURO, SCGP, and SISB.

 

Stocks Pick January 2025

AAV (Buy, Target Bt3.60) High season tailwinds to drive 4Q24E earnings

CK (Buy, Target Bt27.50) Upside potential to 4Q24E earnings ahead of anticipated award of double deck project in 1Q25E

CRC (Buy, Target Bt45.00) Robust outlook for 4Q24-1Q25E driven by festive season spending

KTB (Buy, Target Bt24.50) Strong 4Q24E outlook driven by superior asset quality and lower provisions

MAGURO (Buy, Target Bt26.00) Overwhelming response to new brands fuels expansion plans

SCGP (Buy, Target Bt33.00) 4Q24E GPM to improve, high season to drive 1Q25E volume growth

SISB (Buy, Target Bt40.00) Strong 4Q24E performance expected, 1Q25E growth outlook remains bright