Kaohoon Morning Brief – 25 March 2024

Krungsri Securities (KSS) expected Thailand’s SET Index to move downward within the range of 1,375-1,370 points due to a lack of catalysts in the market. Even with a positive sentiment from the US Fed signalling for three rate cuts this year, foreign fund flows continued to slow down, causing the market to fluctuate. Moreover, a selloff to de-risk based on a technical signal will pressure the market as well. KSS’ analyst recommended for buy the dips.


Today, March 25, 2024, the Stock Exchange of Thailand (SET) and Market for Alternative Investment (mai) will start the afternoon trading session 30 minutes early to better align with the regional markets and offer investors with more trading opportunities.

Pre-open Session II (afternoon session) : New Trading Hours (From Mar 25, 2024): 13:30 – 14:00 hrs.

Trading Session II (afternoon session) : New Trading Hours (From Mar 25, 2024): 14:00* – 16:30 hrs.


Goldman Sachs stated that global economies experience a speed bump in inflation, but that does not derail rate cuts from central banks. In the US, the sequential pace of core inflation has rebounded recently, and GS estimated core PCE inflation of 0.29% in February (vs. 0.13% average in Q4). Despite the recent uptick, GS’ conviction in a soft landing remains high.

GS noted that recent central bank meetings such as the Fed and BOE suggested that cuts are coming, while the Swiss Bank already surprised the market with a rate cut last week.