每周投资策略-2025-03-31

Group 1: South Korea Market Focus - The domestic situation in South Korea is becoming clearer, with recommendations to gradually increase stock allocations, particularly in SK Hynix and Doosan Enerbility [9][17][20] - Economic growth in South Korea is expected to slow down, with GDP growth projected to decline to 1.5% in 2025 due to internal and external pressures [11][12][19] - The upcoming presidential election in May may help alleviate political uncertainty, potentially leading to increased government spending to stimulate the economy [19][22] Group 2: Thailand Market Focus - Economic momentum in Thailand is weakening, with GDP growth forecasted to be 2.8% in 2025, down from previous expectations due to ineffective government stimulus policies [30][31][34] - Market sentiment remains weak, and the effectiveness of government policies is a key factor influencing market performance [28][34] - Specific stocks to watch include CP ALL and Bangkok Dusit Medical Services, with expectations of stable growth despite current market challenges [35][36] Group 3: Malaysia Market Focus - Malaysia's economic growth is stable overall, with GDP growth projected at 4.8% in 2025, slightly below the target of 5.0% due to global trade disruptions [42][43] - The market is expected to focus on defensive value, with recommendations for stocks like Gamuda and Eco World, which are seen as beneficiaries of ongoing demand in the data center sector [46][49][52] - The Malaysian Ringgit is expected to depreciate by 3-4% by the end of 2025, influenced by external factors rather than domestic weaknesses [45][46]