Post by account_disabled on Jan 1, 2024 1:57:07 GMT -5
TISCO Securities releases the names of stocks from 3 industry groups that are expected to be most affected by the US cutting of GSP rights, including agriculture, food and electronics. But confirms that Thailand is stuck in the GSP mire, having little impact on the overall market situation. Pointing out that the bigger issue is that the baht has strengthened for the past 6 years, which may affect the projections of the Thai economy. and profits of listed companies this year and next year Mr. Apichat Phubanjerdkul Senior Director Strategic Analysis Division TISCO Securities Co., Ltd. (Mr. Apichat Poobunjirdkul, Senior Strategist, TISCO Securities Co., Ltd) revealed that after Mr. Donald Trump, President of the United States Order to suspend exemptions from the Special Preferences (GSP) for 573 Thai products worth 1.3 billion USD or approximately 40 billion baht, effective in the next 6 months or on 25 April. 2020, initially the main industrial groups expected to be affected are the agricultural group (AGRI), the food group (FOOD) and the electronics group (ETRON), with stock groups and lists of stocks expected to be affected, such as stocks.
Seafood exports ASIAN, CFRESH, CHOTI, CPF, SSF, TC and TU, seasoning sauce Country Email List stocks include SAUCE, fruit and vegetable stocks include APURE, CM and SFP, and fruit juice stocks include MALEE, SAPPE and TIPCO, etc. The stocks Among the above AGRI and FOOD groups that are under analysis by TISCO Securities are MALEE (recommendation "sell", basic target 7 baht) and SAPPE (recommendation "hold", basic target 29 baht). About 10% and less than 10% went to the US, respectively, so the impact is likely to be small and relatively limited. As for stocks in the ETRON group that are under analysis by TISCO Securities, there are a total of 4 stocks: DELTA ("buy" recommendation, basic target 55.5 baht), HANA ("hold" recommendation, basic target 25 baht), KCE. (Recommendation "Sell", basic target 13.4 baht) and SVI (Recommendation "Sell", basic target 4.26 baht), the stocks for which TISCO Securities is concerned that the company's products may be most affected by the GSP cut are DELTA and HANA because they are exported to the United States.
The proportions are high, approximately 26% and 30% of total sales, respectively. However, the impact of each company will be more or less. In addition to depending on the high proportion of exports to the United States, it also depends on the in-depth product details of each company to determine whether they are subject to GSP cuts or not, which at this time is not clearly known. Waiting for clarification from the company again. "As for the impact of the GSP cut on the overall market situation, TISCO Securities expects that there will be very little impact. This is because stocks in the AGRI group, FOOD group, and ETRON group have a total market value of only 0.3%, 6.1%, and 0.7% of the total market value, respectively. From evaluating stock prices in the AGRI group, FOOD group, and ETRON group, every 1% change will affect the Thai stock index (SET Index) to change by only 0.05 points, 0.97 points, and 0.12 points, respectively, and if considered individually. Only stocks that are expected to be affected above.
Seafood exports ASIAN, CFRESH, CHOTI, CPF, SSF, TC and TU, seasoning sauce Country Email List stocks include SAUCE, fruit and vegetable stocks include APURE, CM and SFP, and fruit juice stocks include MALEE, SAPPE and TIPCO, etc. The stocks Among the above AGRI and FOOD groups that are under analysis by TISCO Securities are MALEE (recommendation "sell", basic target 7 baht) and SAPPE (recommendation "hold", basic target 29 baht). About 10% and less than 10% went to the US, respectively, so the impact is likely to be small and relatively limited. As for stocks in the ETRON group that are under analysis by TISCO Securities, there are a total of 4 stocks: DELTA ("buy" recommendation, basic target 55.5 baht), HANA ("hold" recommendation, basic target 25 baht), KCE. (Recommendation "Sell", basic target 13.4 baht) and SVI (Recommendation "Sell", basic target 4.26 baht), the stocks for which TISCO Securities is concerned that the company's products may be most affected by the GSP cut are DELTA and HANA because they are exported to the United States.
The proportions are high, approximately 26% and 30% of total sales, respectively. However, the impact of each company will be more or less. In addition to depending on the high proportion of exports to the United States, it also depends on the in-depth product details of each company to determine whether they are subject to GSP cuts or not, which at this time is not clearly known. Waiting for clarification from the company again. "As for the impact of the GSP cut on the overall market situation, TISCO Securities expects that there will be very little impact. This is because stocks in the AGRI group, FOOD group, and ETRON group have a total market value of only 0.3%, 6.1%, and 0.7% of the total market value, respectively. From evaluating stock prices in the AGRI group, FOOD group, and ETRON group, every 1% change will affect the Thai stock index (SET Index) to change by only 0.05 points, 0.97 points, and 0.12 points, respectively, and if considered individually. Only stocks that are expected to be affected above.