Kaohoon Morning Brief – 9 November 2023

Krungsri Securities (KSS) expected Thailand’s SET Index to move within the range of 1,400-1,420 points even with a positive factor from speculation of the Fed ending its rate-hike cycle that resulted in declining bond yields. Still, the energy sector would weigh on the main bourse due to lower crude oil prices from rising US supply and weak demand from China. EIA expected benzine consumption in the US will decrease 1% in 2024. Due to this reason, KSS recommended investors to focus on specific stocks that have unique catalysts.


JKN Global Group Public Company Limited (SET: JKN), Thai media content distributor and Miss Universe Organization’s owner, has filed a petition for business rehabilitation and nominated a planner to the Central Bankruptcy Court under the Bankruptcy Act, B.E. 2483 (1940).

The company expected a business restructuring and financial restructuring to be in line with the current financial assumptions and economic conditions and solving working capital problems of the business to resolve the financial liquidity of the company and restructure the internal organization.


Moody’s published its global macro outlook for 2024-25, expecting inflation to continue to cool down amid slowing demand in 2024 as central banks maintain a tight policy stance.

Growth in 2024 will slow as high interest rates percolate through credit channels to the real economy.

Without unanticipated shock, it expected a firm global growth in 2025.


China slipped back into deflation in October, a sign showing that domestic demand remains sluggish even after recent stimulus efforts to shore up growth.

China’s Consumer Price Index fell 0.2% YoY in October, compared to an expectation of 0.1% drop and no change in September.

Producer Price Index fell 2.6%YoY last month, compared to 2.6% drop expected and a 2.5% drop in September.