Kingsford Recommends Reducing Stock Portfolio by 20-30% After Fed Signals Rate Hikes

Analyst
โดย HoonSmart·TH·Read original
Summary · why it matters

Kingsford Securities assesses the SET support level today at 1,560-1,575 points and resistance at 1,590-1,600 points, expecting the index to decline after the Fed chair signaled tighter interest rates, which may slow fund flows into emerging markets ahead of the September 15-16 meeting. Therefore, if you hold a high proportion of stocks, it is recommended to reduce the portfolio by 20-30%. Additionally, it suggests speculating on oil-related stocks following the U.S. strike on Iranian rocket bases near the Strait of Hormuz. Top picks include TFG and TU. For TFG, the IAA Consensus target price is 12.20 baht, with expected net profit in 2026 at 7.1 billion baht, down 5% from the previous year, and returning to growth in 2027 at 8.2 billion baht, up 16%. For TU, the target price is 13.80 baht, with Q2 2026 normalized profit around 1,264 million baht, up 2.21% year-on-year and 49.18% quarter-on-quarter, and expected net profit for 2026 and 2027 at 4,764 million baht and 5,022 million baht, respectively.

Impact on stocks 2

Energy Transition & Power Demand▲ · 1 stocks
Consumer Staples▲ · 1 stocks
Thai Union Group PCL
TU
± MixedGeopoliticsrelevance

Mentioned as a top pick for oil-related speculation following U.S. strike on Iranian rocket bases, but no direct impact on Thai Union Group.

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