SET expected to rebound this afternoon; watch 3 key points supporting standout stocks

IndustryMacro
โดย HoonVision·TH·Read original
Summary · why it matters

Asia Plus Securities stated that the SET Index's overall picture is just waiting for a continued rebound after holding above the 1580-point base, which is the second-level Buy Zone of 1575-1585 points. The next resistance is at 1615 points; breaking through it would open strong upside. For S50U26, it recommends Long at 1060 points, waiting for a bounce to take profits at 1080-1100 points, or averaging Long at 1045-1050 points with a Cut below 1040 points. First point: G20 opens the way to rescue the global economy, despite the US threatening additional sanctions on Iran, which could impact oil and financial markets. In the short term, it gives positive weight to upstream energy to hedge against the risk of rising oil prices, supporting PTTEP, PTT, and BCP. Be cautious of stocks sensitive to energy costs and slowing global economy, such as IVL, PTTGC, SCC, AAV, BA, PSL, TTA, and RCL. Second point: The Cabinet approved a 400 billion baht energy fund to stimulate the economy and boost Thai energy megaprojects. It approved a decree to borrow 400 billion baht to alleviate the energy crisis and invest in energy transition projects, divided into 200 billion baht for public assistance and 200 billion baht for energy investment. Standouts: GULF, GPSC, BGRIM, CK, and WHA. Third point: The mobile Cabinet meeting in Songkhla is set to approve the second phase of double-track railways with 6 routes, totaling 316 billion baht, along with a 10 billion baht disaster insurance budget. Standouts: CK and STECON.

Impact on stocks 17

Energy Transition & Power Demand± Mixed · 7 stocks
Global Power Synergy PCL
GPSC
▲ PositiveCapitalrelevance

Cabinet approved 400 billion baht energy fund for energy transition projects, benefiting Global Power Synergy as a standout.

PTT Public Company Limited
PTT
▲ PositiveGeopoliticsrelevance

US sanctions on Iran could raise oil prices, benefiting upstream energy companies like PTT.

Industrials▲ · 5 stocks
CH. Karnchang PCL
CK
▲ PositiveCapitalrelevance

Cabinet approved 400 billion baht energy fund and 316 billion baht double-track railway projects, with CK as a standout.

Energy▲ · 1 stocks
Artificial Intelligence▲ · 1 stocks
STECON Group Public Company Limited
STECON
▲ PositiveCapitalrelevance

Cabinet approval of double-track railway projects worth 316 billion baht is a major infrastructure investment, benefiting construction firms like STECON.

Critical Materials & Supply Chain▲ · 1 stocks
Materials▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks

Theme Impact 2

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