Pi Securities says Thai stocks could outperform, boosted by energy, after Dow plunges 1,153 points

IndustryCommodity

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Summary · why it matters

Pi Securities assesses that Thai stocks have a chance to outperform amid volatility in tech stocks and surging crude oil prices. The Dow Jones Industrial Average closed down 1,153 points, or 2.2 percent, pressured by semiconductor stocks and inflation concerns. Meanwhile, Brent crude oil prices rose 7.9 percent due to tensions in the Middle East, prompting a rotation from tech stocks into value stocks and Thai energy plays such as PTT and PTTEP. Pi Securities also recommends SYNEX with a target price of 11.10 baht and HMPRO with a target price of 7.50 baht, and estimates the SET Index range for the day at 1,600 to 1,640 points.

PTT Public Company Limited ▲

PTT Exploration and Production Public Company Limited ▲

Home Product Center Public Company Limited ▲

Synnex (Thailand) Public Company Limited ▲

Impact on stocks 4

Energy Transition & Power Demand▲ · 1 stocks

PTT Public Company Limited

▲ PositiveGeopoliticsrelevance

Middle East tensions boost crude oil prices, benefiting Thai energy plays like PTT.

Energy▲ · 1 stocks

PTT Exploration and Production Public Company Limited

▲ PositiveGeopoliticsrelevance

Middle East tensions boost crude oil prices, benefiting Thai energy plays like PTTEP.

Consumer Discretionary▲ · 1 stocks

Home Product Center Public Company Limited

▲ PositiveCapitalrelevance

Pi Securities recommends HMPRO with a target price of 7.50 baht, implying positive analyst sentiment.

Information Technology▲ · 1 stocks

Synnex (Thailand) Public Company Limited

▲ PositiveCapitalrelevance

Pi Securities recommends SYNEX with a target price of 11.10 baht, implying positive analyst sentiment.