Recovery of Thai stocks expected, experts say

If the Thai political situation becomes clearer, investors’ confidence in domestic stocks in the banking, retail, telecommunications and power plant is expected to improve, with prominent stocks including BBL, TTB, CPAXT, CRC, True, THCOM and Gulf .

Stocks that should benefit from China’s economic stimulus measures are KCE, Hana, IVL, PTTGC, Amata and WHA.

Factors to monitor include Thailand’s money supply figures as of July 5, with the market forecasting a +0.2% year-on-year increase from the previous 0.53%, and the core inflation rate, with the market forecasting a +1.4% YoY increase from the previous 1.55%.

As for international factors, the US Federal Open Market Committee (FOMC) meeting report for June is to be released on July 6 and on July 7, the non-farm payroll data for June and the unemployment rate will be announced. The market forecasts a 3.6% unemployment rate, down…