Pi points to Middle East conflict lifting oil, supporting energy stocks and Thai market

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

Pi Securities notes that tensions in the Middle East are supporting a recovery in crude oil prices, benefiting energy stocks. Meanwhile, Thai listed companies are gradually reporting outstanding earnings, with ADVANC and GULF posting better-than-expected results. SPVI saw net profit rise 148 percent from a year earlier, and TACC also reported strong profits. Consensus has raised the SET index earnings per share estimate to a high of 103.67 baht per share. Foreign investors returned to net buying of 2.06 billion baht yesterday, supporting the index in a range of 1,600 to 1,630 points today. Short-term strategy recommends energy stocks such as PTT, PTTEP, PTTGC, and domestic play stocks like CPALL, CPN, HMPRO, BBL, KBANK, and KKP.

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