Phillip Securities says impact of US tariffs on Thai stocks limited, recommends monitoring animal feed and electronic components sectors

Industry
โดย HoonVision·Read original
Summary · why it matters

Phillip Securities assesses that the impact of the new US tariff wall on Thai stocks will be limited. Exempted goods include electronic components, communication equipment and devices, computer storage units, and other electronic devices, meaning stocks in the electronic components sector such as KCE, HANA, DELTA, and CCET will see minimal impact. Meanwhile, animal feed stocks like ITC and AAI may experience some effects. In a worst-case scenario, ITC's profit could decline by 240 million baht, or 7.1% from current levels, but the new base price of 18.02 baht still offers 5.88% upside from the current price. Thailand's trade figures for June 2026 continued to expand, with exports growing 8% year-on-year and imports rising 3% year-on-year.

Impact on stocks 6

Consumer Staples▼ · 2 stocks
i-Tail Corp. PCL
ITC
▼ NegativeTariffrelevance

Worst-case scenario: ITC's profit could decline by 240 million baht (7.1%) due to tariffs.

Semiconductors▲ · 2 stocks
Robotics & Physical AI▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
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