ASPS Recommends Strategies for Volatile Markets, Highlights PTTEP, BCP, and RCL

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โดย Kaohoon·Read original
Summary · why it matters

Asia Plus Securities, or ASPS, says global investment conditions are highly volatile due to geopolitical conflicts, trade wars, and interest rates that may stay high longer than expected. It suggests coping strategies by increasing liquidity, reducing portfolio risk, and investing in stocks that benefit. It recommends three standout stocks: PTTEP, BCP, and RCL. ASPS estimates that Brent crude oil prices in July 2026 rose about 38 percent since the start of the month and surpassed 100 dollars per barrel, making the oil price trend in the third quarter of 2026 significantly higher than the second quarter. Meanwhile, the trade war has shifted to the US Section 301, which may add pressure on supply chains and exports. Prolonged high interest rates could pressure stock valuations, especially for companies with high debt. ASPS recommends four main strategies: increase cash holdings, use gold as a hedge, select energy, refinery, and shipping stocks, and shift into defensive stocks like CPALL and BDMS. It views PTTEP as benefiting from sustained high oil prices with outstanding dividends, BCP supported by recovering refining margins and reduced oil stock loss risk, and RCL gaining from rising freight rates.

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