Kasikorn Research Center companies have not seen any better signs than this year. The stock market offers 20 companies in the Dow Jones Sustainability Index (DJSI) that provide an average return of 24% per year over the last 15 years, better than the stock market index overall.
Kasikorn Thai Research Center Cut the economic growth forecast in 2019 to 2.8%. The next year, the risk will grow below 3% due to exports shrinking 2%, worse than this year is expected to be negative 1% because of the negative factors. original Whether the baht is still pressured to strengthen. US-China trade war Unfinished throughout the year Causing Thai exports losing around 1,000-2,500 million US dollars After being affected this year, about 2,100-3,000 million US dollars. While also facing the Brexit situation affecting the high possibility that the UK economy is going down. After leaving the EU or the EU without a deal
"Natthaphon Triratsirikun" Assistant Managing Director Kasikorn Research Center, said that in the year 2020, the star business Probably private hospitals, service businesses such as travel and e-commerce, because businesses are increasingly using online Has a positive effect on logistics
The downward revision of the economic projections is lower than 3%, based on conditions and environmental factors currently assessed. The "Tasting and Shopping" measures have an effect on the economy only 0.02%. The Federal Reserve (Fed) will cut interest rates 1 more time this year next year. The market is expected to reduce 1 more time as well as domestic interest. There is a chance to reduce 1 time this year and 1 time next year. Crude oil prices are at 68. -69 dollars / barrel in 2020 will have to monitor whether the state will have any additional fiscal measures or not.
If the government considers what measures will be taken Should be able to solve the problem See which problems will help which group Have a clear goal In order to help in time and see more results Suggested that the emphasis should be placed on looking after uninsured social workers. Such as self-employed groups SMEs that sales slow down. From the survey of economic conditions of households Started to see the company adapt Reduce time doing overtime Delay the recruitment of new employees The number of layoffs increased to 4.5% compared to January 2018 at 1.9% only.
"Now businessmen do not make new investments. Would like to wait and see the clarity in the next 2-3 years. If the government wants to grow at least 3%, more fiscal measures will be issued. Which see clear results and faster than financial measures To support the impact of the fragile economy this year Currently not sure if the business will stand or not. Can't want to see the business image Propose that the fund should be established Dusting fiscal measures And public relations Worried about people who earn more than 100,000 baht / month who have a burden to support their families. Home installment burden If unemployed then find a new job very difficult "
"Siwat Yellowsomboon" Assistant Managing Director Kasikorn Research Center said that by 2020, the Thai export sector is still affected by the trade war. And face an uncertain currency value Entrepreneurs must be careful of fluctuations. Hedge the exchange rate risk At the same time, must increase the ability to compete. Connect the world stage, bring more digital technology to help. However, Thai products are related to the Chinese production chain only for electronic devices.
As for the Brexit situation, it is highly likely that the UK will have to leave the EU or the EU without a deal. England must pay import duties on products from the EU. Therefore there is a high possibility that the UK economy will wane After moving production bases, such as car companies, causing the pound to fluctuate And rising inflation Thailand exports only 2% to the EU, butFresh food exports to England via the Netherlands port directly to England. Must accept the higher cost of issuing
According to the Stock Exchange of Thailand, 20 sustainable stocks in Thailand are listed on the Dow Jones Sustainability Index (DJSI), providing returns of 370% or an average of 24% per year over the last 15 years (end of 2004 – 20 September 2019), higher than the stock market index. Average return of 274% or 18% per year after creating a model portfolio consisting of 20 securities that entered DJSI in 2019, which is calculated based on market capitalization
Stock trading situation on 1 October 2019, the stock market index continued to drop 13.13 points or 0.80% to close at 1,624.09 points with the value of only 40,854.85 million baht caused by foreign sales 1,486 million baht and Thai institutions dropped 2,390 million. baht
The baht weakened at 30.65 / 66 baht / dollar from the morning of the market at 30.58 baht / dollar. The Ministry of Commerce reported inflation in September. Up 0.32% from the same period last year Which is considered quite low And the price of gold fluctuates There were 6 changes, totaling 250 baht per baht. Gold bullion bought at 21,250 baht and sold out 21,350 baht.
Investors must study and find more information Amid the global economy and the Thai economy at high risk To manage savings and investments to grow But if not sure Or do not want to lose One way to put aside funds in property funds and infrastructure funds is probably safer than investing in the stock market.
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