ASPS recommends Selective Buy strategy, highlights PSL, PTT and GFPT to weather market volatility

AnalystCommodityMacro
โดย Kaohoon·TH·Read original
Summary · why it matters

Asia Plus Securities, or ASPS, has unveiled a Selective Buy investment strategy focused on careful, defensive positioning. Its research team recommends accumulating foreign stocks tied to AI infrastructure that are still growing strongly, namely BE03, which is buoyed by data center electricity demand, and LENOVO19, which benefits from AI server demand. For Thai stocks, the research team favors names with company-specific catalysts and prices that still offer good value, led by Precious Shipping, or PSL, whose earnings should stand out on freight rates that have surged to a five-year high. Next is PTT, which benefits from recovering global oil prices, along with positive factors from bringing ADNOC in as a joint venture partner and the prospect of a second-half dividend. Rounding out the list is GFPT, which benefits from recovering chicken meat prices while feed costs rise at a slower pace. On the overall market, the research team assesses that global capital markets and the Thai stock market are facing a strictly cautious environment, with the main risk coming from an energy crisis that has returned as a pressure point after Saudi Arabia announced a temporary halt to crude oil pipeline operations following an attack, sending Brent crude up 2.9% to stand above 107 US dollars per barrel. If the situation drags on, it would accelerate inflation. Meanwhile, core inflation is expanding faster than expected due to artificial intelligence costs that have pushed software and computer equipment prices up 25.4% from the same period a year earlier. These factors have led the market to assign an 86.2% probability that the US Federal Reserve will raise interest rates at its meeting on September 16. At the same time, the technology market is digesting challenges from the regulation of advanced AI models, with the US Senate preparing to consider four approaches to stricter oversight. Although this pressures AI chip stocks in the short term, it is expected to benefit big tech names with strong capital bases such as Microsoft, Alphabet, Meta Platforms and Apple, as well as cybersecurity stocks. In addition, the entertainment sector has a supporting factor from the film Spider-Man: Brand New Day, which is poised to break the all-time box office record and will directly and significantly boost the profit share booked by Sony Group.

Impact on stocks 9

Artificial Intelligence▲ · 5 stocks
Consumer Staples▲ · 1 stocks
GFPT Public Company Limited
GFPT
▲ PositivePricingrelevance

GFPT benefits from recovering chicken meat prices while feed costs rise more slowly, improving its margin.

Industrials▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
Financials▲ · 1 stocks

Theme Impact 2

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