Thai Oil Public Company LimitedOil price surge due to Houthi attacks on Red Sea vessels benefits refiners like Thai Oil via higher margins.
US stocks closed sharply lower overnight, with the Dow falling 507 points or 0.97% and the Nasdaq dropping 2%, after Brent crude oil prices surged 7% following attacks by Yemen's Houthi group on two Saudi oil tankers in the Red Sea, stoking inflation fears. Tech stocks fell heavily, with Google down 7% and Meta down 3.4%, while defensive plays like Eli Lilly gained 1.97% and Johnson & Johnson added 1.4%. Meanwhile, the US announced tariff hikes on imports from 60 countries including Thailand at rates of 10% to 12.5% under Section 301, citing failure to curb forced labor, a factor pressuring Thai export stocks such as ITC and Thai Union, though a weaker baht provided some support. Pi Securities estimates the SET index range today at 1,620 to 1,650 points and recommends defensive stocks like Advanced Info Service, Bangkok Chain Hospital, Bangkok Dusit Medical Services, CP All, and Central Pattana, as well as energy and petrochemical plays such as PTT, PTT Exploration and Production, PTT Global Chemical, and Thai Oil.
Thai Oil Public Company LimitedOil price surge due to Houthi attacks on Red Sea vessels benefits refiners like Thai Oil via higher margins.
PTT Public Company LimitedOil price surge from Houthi attacks on tankers benefits energy sector; PTT recommended as energy play.
Johnson & JohnsonDefensive stocks gain amid inflation fears; J&J added 1.4%.
Eli Lilly and CompanyDefensive stocks gain amid inflation fears; Eli Lilly gained 1.97%.
PTT Global Chemical Public Company LimitedOil price surge due to Houthi attacks on Red Sea vessels benefits petrochemical companies like PTT Global Chemical via higher product prices.
PTT Exploration and Production Public Company LimitedOil price surge from Houthi attacks on tankers benefits energy sector; PTTEP recommended as energy play.
Bangkok Chain Hospital Public Company LimitedRecommended as defensive stock amid market volatility from Houthi attacks and tariff news.
CP ALL Public Company LimitedRecommended as defensive stock amid market volatility from Houthi attacks and tariff news.
Central Pattana Public Company LimitedRecommended as defensive stock amid market volatility from Houthi attacks and tariff news.
Alphabet Inc Class COil surge stokes inflation fears, pressuring tech stocks; Google down 7%.
Meta Platforms Inc.Oil surge stokes inflation fears, pressuring tech stocks; Meta down 3.4%.