Broker: Thai exports growing strongly, electronics and oil groups benefit

Macro
โดย thunhoon.com·TH·Read original
Summary · why it matters

Asia Plus Securities research department stated that trade data for July 2026 showed Thai export value surged to 34,789.1 million US dollars, up 21.6% year-on-year, higher than the market expectation of 17.8%. This brings the first seven months' growth to 18.2%, and builds confidence that full-year exports will grow at a double-digit rate. Although there was a trade deficit this month, it narrowed from the previous month. Beneficiary stock groups include electronics (KCE, HANA) growing 67% on AI trends and global component demand; refined oil (PTTEP, TOP, SPRC) expanding 120%; agricultural and food products, rubber (STA, NER) up 33%; pet food (ITC, AAI) up 17%; and processed chicken still expanding well. However, risk factors from additional US semiconductor industry tariffs may impact Thai stocks such as HANA, CCET, KCE, and DELTA more in terms of negative sentiment than direct earnings impact, as Thailand is in the production chain that could face indirect shocks from slowing global goods demand.

Impact on stocks 11

Energy▲ · 2 stocks
Semiconductors▲ · 2 stocks
Consumer Staples▲ · 2 stocks
i-Tail Corp. PCL
ITC
▲ PositiveDemandrelevance

Pet food exports up 17% benefiting companies like ITC.

Energy Transition & Power Demand▲ · 1 stocks
Electrification & Mobility▼ · 1 stocks
Materials▲ · 1 stocks
Synthetic Biology (non-pharma)▲ · 1 stocks
Robotics & Physical AI▼ · 1 stocks
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