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Yuanta Research Center |
Oct
16, 2000
|
| Watch out Thai TMT stocks to gain benefit from Nasdaq rebound |
The technology-oriented Nasdaq Composite Index has dropped significantly since last month after roughly 70 listed firms had downgraded their 3Q00 earnings forecast as a result of US economy slowdown, weak Europe’s currency and high oil prices.
The main reason comes from 4E, which are Economy, Euro, Energy and Earning, causing Nasdaq to fall 27% from 4,234 on September 1st to close lowest at 3,075 on October 12th. Hence, this affected the same to Thai TMT (Technology, Media and Telecom) stocks sending them to underperform the market. And now we are expecting Nasdaq to rebound. So do TMT. Moreover, expected good 3Q00 results for Thai TMT will help boost their share prices.. We recommend BUY/TRADING BUY for good fundamental TMT like DELTA, HANA, CIRKIT, BEC, SATTEL, TA and UCOM.
Table : NASDAQ and Thai TMT Movement.
|
|
1-Sep-43 |
13-Oct-43 |
Chg |
%Chg |
|
NASDAQ |
4234 |
3316.77 |
-917.23 |
-21.66% |
|
DOW |
11239 |
10192.18 |
-1046.82 |
-9.31% |
|
SET |
310.7 |
254.26 |
-56.44 |
-18.17% |
|
Technology |
||||
|
CIRKIT |
24 |
16.5 |
-7.5 |
-31.25% |
|
DELTA |
302 |
180 |
-122 |
-40.40% |
|
HANA |
151 |
85.5 |
-65.5 |
-43.38% |
|
KCE |
99.5 |
67.5 |
-32 |
-32.16% |
|
KRP |
12.5 |
5.7 |
-6.8 |
-54.40% |
|
Media |
||||
|
BEC |
244 |
180 |
-64 |
-26.23% |
|
GRAMMY |
102 |
79.5 |
-22.5 |
-22.06% |
|
UBC |
18.75 |
12.75 |
-6 |
-32.00% |
|
NATION |
16.5 |
12.75 |
-3.75 |
-22.73% |
|
Telecom |
||||
|
ADVANC |
346 |
290 |
-56 |
-16.18% |
|
JASMIN |
10 |
8.2 |
-1.8 |
-18.00% |
|
SAMART |
21.25 |
15 |
-6.25 |
-29.41% |
|
SAMTEL |
20 |
15 |
-5 |
-25.00% |
|
SATTEL |
33 |
24.75 |
-8.25 |
-25.00% |
|
SHIN |
178 |
118 |
-60 |
-33.71% |
|
TA |
31.5 |
20.25 |
-11.25 |
-35.71% |
|
UCOM |
35.5 |
28 |
-7.5 |
-21.13% |
Analyst : Surachai P. (surachai.p@yuanta.co.th)