Asia Plus says Hormuz talks add conditions, pushing oil up 5%, recommends PTT, CENTEL, PRM

GeopoliticsCommodity
โดย HoonSmart·TH·Read original
Summary · why it matters

Asia Plus Securities says the Hormuz Strait negotiations, which added demands for war damage compensation between the United States and Iran, sent Brent crude oil prices surging more than 5% and US government bond yields soaring near previous highs, prompting cumulative foreign capital outflows from the Thai stock market of over 9 billion baht since the start of August. The SET Index yesterday closed up 12.36 points at 1,624.36 points, but excluding the influence of DELTA shares, the actual index would have been down as much as 5 points, reflecting still-heavy selling pressure. The research team assesses that persistently high geopolitical tensions and domestic stimulus measures, such as the Thai Helps Thai Plus scheme with cumulative spending exceeding 100 billion baht and the Thai Travels Thai Plus scheme expected to reach a conclusion within one to two weeks, will benefit refinery and oil transport stocks, as well as retail, food, and leasing sectors. The investment strategy recommends three standout stocks: PTT, a large-cap stock benefiting from recovering oil prices and offering high dividends; CENTEL, expected to post strong profit growth in the second quarter of 2026; and PRM, which gains positive sentiment from the Hormuz Strait crisis boosting marine oil transport service fees.

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