Kraphat Says Foreign Investors Return to Thai Stocks on AI-Data Center Theme, Watch PTTEP, PTT, AWC

AnalystPrice ActionCommodity
โดย Kaohoon·TH·Read original
Summary · why it matters

Kraphat Worachet, Senior Executive Vice President and Head of Research at Krungsri Securities Public Company Limited, or KSS, disclosed that foreign investors have returned to buying Thai stocks, with Thailand among the first markets in Asia to receive foreign inflows, alongside Taiwan, before fund flows spread more broadly into South Korea and other regional markets. The key driver is the accelerating AI infrastructure investment cycle, which has brought technology and high-growth stocks back into focus. However, a short-term risk factor is crude oil prices, which have surged past 100 dollars per barrel and climbed close to 102.5 dollars, the highest level in about two months. The average crude oil price relevant to Thailand stands at 87 to 88 dollars per barrel. If prices stay above 100 dollars for roughly another month and a half, the average could move above 95 dollars. On the Thai stock market, KSS assesses the SET index with support levels at 1,610 and 1,605 points, and resistance at 1,626 and 1,630 points. For short-term strategy, KSS recommends watching PTTEP and PTT, which benefit from high energy prices, while AWC has its own positive factors from faster-than-expected earnings recovery and an asset sale plan this month.

Impact on stocks 4

Energy Transition & Power Demand▲ · 1 stocks
PTT Public Company Limited
PTT
▲ PositiveSupplyrelevance

KSS recommends watching PTT as a beneficiary of high energy prices with crude above $100 per barrel.

Energy▲ · 1 stocks
Real Estate▲ · 1 stocks
Financials▲ · 1 stocks

Theme Impact 1

Off-coverage companies 1

Krungsri Securities Public Company LimitedPrivate± Mixed
relevance

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