InnovestX Securities Company LimitedPrivate± Mixed
relevance
InnovestX assesses that the Thai stock market is likely to swing in a consolidation phase after valuations began to look stretched, with a key factor being Middle East tensions that are boosting oil prices and could spark a new round of inflation worries. InnovestX expects the Fed to hold rates at 3.63% throughout this year but may send a more hawkish signal, reflected in the 10-year bond yield at 4.65%. Meanwhile, the market expects the FOMC meeting on July 30 to keep rates at 3.50 to 3.75% after June inflation slowed, but inflation risks remain high from energy prices. The investment strategy recommends selective buying through three main themes: New Normal Play, High Dividend Play, and Domestic Play, along with four trading themes such as Earning Play and Geopolitical Play.