Asia Plus Securities expects SET to move sideways in the afternoon, eyeing US tariffs and measures to help low-income earners

MacroGeopolitics
โดย HoonVision·Read original
Summary · why it matters

Asia Plus Securities expects the SET Index to move sideways in the afternoon within a range of 1,644 to 1,657 points, warning that if it cannot break through the resistance at 1,657 points, it will remain in the late stage of wave b, which carries a risk of a downward correction. It also provides a strategy for the S50U26 contract: wait to add short positions at 1,100 to 1,120 points and cut losses if it breaks above 1,126 points. On the international front, the US has threatened to impose a 50 percent tariff on certain Canadian imports, bringing trade tariff concerns back to pressure the market. Regarding Thailand's trade negotiations, if the tariff is concluded at 15 to 20 percent or lower, it will be positive for stocks such as WHA, AMATA, DELTA, HANA, KCE, CCET, and export-oriented groups. However, if it exceeds 25 percent, it will pressure export stocks and foreign capital flows. Nevertheless, the market has likely already priced in the base case of 15 to 20 percent to a considerable extent, limiting the SET Index's downside. Meanwhile, a key agenda item at today's cabinet meeting is the preparation to extend the appeal or review period for the 2026 state welfare card eligibility until September 20, from the original end of July, and to provide assistance to those who do not pass the criteria through the Thai Helps Thai Plus project at 1,000 baht per month during August to September 2026. This is slightly positive for grassroots retail stocks such as CPALL, CPAXT, BJC, and CRC.

Impact on stocks 10

Semiconductors▲ · 2 stocks
Consumer Staples▲ · 2 stocks
Berli Jucker PCL
BJC
▲ PositiveDemandrelevance

Government assistance to low-income earners through Thai Helps Thai Plus project is slightly positive for grassroots retail stocks.

CP Axtra Public Company Limited
CPAXT
▲ PositiveDemandrelevance

Government assistance to low-income earners through Thai Helps Thai Plus project is slightly positive for grassroots retail stocks.

Robotics & Physical AI▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
Artificial Intelligence▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks
CP ALL Public Company Limited
CPALL
▲ PositiveDemandrelevance

Government assistance to low-income earners through Thai Helps Thai Plus project is slightly positive for grassroots retail stocks.

Consumer Discretionary▲ · 1 stocks
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