Post by account_disabled on Jan 3, 2024 4:37:22 GMT
Kasikorn Securities PCL. Indicating that investors are still concerned about the overall profit of the Thai stock market from the economic resistance it is facing. Combined with the economic situation for the 2nd quarter of 2019 (GDP) that is about to be announced on 19 August 2019, it is likely to be less than 3%, while analysts also estimate the overall 2Q19 profit of the Thai stock market. Decreased 13.5% YoY and 15.7% QoQ, reflecting the slowing economic direction. Including the issue of tightening credit control by the BoT through the LTV measure and setting aside provisions for employee retirement benefits. by investment strategy Look to focus on investing in 8 outstanding stock groups that are expected to have good 2Q19 profits and the second half of the year's profit trends.
Phasakorn Linmaneechote, Deputy C Level Executive List Managing Director Kasikorn Securities PCL. stated that although overall 2Q19 profits will decrease But there are still many industries expected to report outstanding 2Q19 net profit growth. And the business has continued good trends in the second half of 2019, including: 1) Commercial group (expected 2Q19 net profit to grow 7.8% YoY) from same-store sales growth (SSSG) that has grown and benefited from the government's economic stimulus measures in the second half of the year. 2) Financial group (2Q19 net profit expected to grow 14% YoY) from loan growth. and lower financial costs from the downward direction of interest rates 3) Industrial Estate Group (2Q19 net profit expected to grow 347% YoY) from higher land sales.
Including increased income from the utility business. 4) Infrastructure Fund Group (2Q19 net profit expected to grow 57% YoY) from TFFIF's IPO in October 2018 and increased total income. 5) Electricity generation group (2Q19 net profit expected to grow 199% YoY) driven by production capacity expansion in Thailand, Vietnam and Japan, wider energy price spreads. from lower energy costs and the strengthening baht Resulting in profits from exchange rates. At the same time, industrial groups whose net profits in 2Q19 were not outstanding but normal profits still grew well. And it is expected that the second half of 2019 will have outstanding growth, including: 1) Agriculture and Food Group (2Q19 net profit expected to drop 18% YoY) from improved profit margins in line with higher selling prices.
Phasakorn Linmaneechote, Deputy C Level Executive List Managing Director Kasikorn Securities PCL. stated that although overall 2Q19 profits will decrease But there are still many industries expected to report outstanding 2Q19 net profit growth. And the business has continued good trends in the second half of 2019, including: 1) Commercial group (expected 2Q19 net profit to grow 7.8% YoY) from same-store sales growth (SSSG) that has grown and benefited from the government's economic stimulus measures in the second half of the year. 2) Financial group (2Q19 net profit expected to grow 14% YoY) from loan growth. and lower financial costs from the downward direction of interest rates 3) Industrial Estate Group (2Q19 net profit expected to grow 347% YoY) from higher land sales.
Including increased income from the utility business. 4) Infrastructure Fund Group (2Q19 net profit expected to grow 57% YoY) from TFFIF's IPO in October 2018 and increased total income. 5) Electricity generation group (2Q19 net profit expected to grow 199% YoY) driven by production capacity expansion in Thailand, Vietnam and Japan, wider energy price spreads. from lower energy costs and the strengthening baht Resulting in profits from exchange rates. At the same time, industrial groups whose net profits in 2Q19 were not outstanding but normal profits still grew well. And it is expected that the second half of 2019 will have outstanding growth, including: 1) Agriculture and Food Group (2Q19 net profit expected to drop 18% YoY) from improved profit margins in line with higher selling prices.