Hana Microelectronics Public Company LimitedNamed in the recommended DELTA HANA KCE tech group supported by the rise in US semiconductor stocks.
Pie Securities reported that US non-farm payrolls and the unemployment rate came in below analyst expectations, pushing bond yields lower and supporting US stock markets, with the DJIA closing up 250 points, or 0.49%, and the S&P500 closing up 0.7%. Meanwhile, Brent crude oil fell 0.06% after European leaders planned to release strategic oil reserves, with Europe's release volume at 100 million barrels, equivalent to just 5 days of shipments through the Strait of Hormuz compared with 20 million barrels per day. The standout gainers on Friday night were semiconductor stocks. For the Thai stock market, Pie Securities estimates the SET index range at 1560 to 1580 points, viewing the market as having moved past flood concerns, with foreign investors beginning to sell less on a net basis. It recommends a short-term strategy of trading TECH stocks in the DELTA HANA KCE group, supported by the rise in US semiconductor stocks. Recommended stocks include CPN with a target price of 80 baht and WHA with a target price of 5.6 baht.
Hana Microelectronics Public Company LimitedNamed in the recommended DELTA HANA KCE tech group supported by the rise in US semiconductor stocks.
KCE Electronics Public Company LimitedNamed in the recommended DELTA HANA KCE tech group supported by the rise in US semiconductor stocks.
Delta Electronics (Thailand) Public Company LimitedNamed in the recommended DELTA HANA KCE tech group benefiting from the rise in US semiconductor stocks.
Central Pattana Public Company LimitedRecommended by Pie Securities with a target price of 80 baht, an analyst valuation call not tied to the article's main tech theme.
WHA Corporation Public Company LimitedRecommended by Pie Securities with a target price of 5.6 baht, an analyst valuation call unrelated to the tech theme.