SET opens down 11.06 points as DELTA's lower-than-expected profit weighs

EarningsAnalyst
โดย Thunhoon·Read original
Summary · why it matters

The Stock Exchange of Thailand index opened at 1,633.33 points, down 11.06 points or 0.67%. CGS International Securities assesses today's index range at 1,630 to 1,650 points and views the index as undergoing a correction. Although Dow Jones futures rebounded over 300 points on easing geopolitical concerns, Delta Electronics Thailand's reported second-quarter 2026 core net profit of 5.53 billion baht, which was 41% below CGSI's estimate, along with energy stocks like PTTEP, continue to pressure the market. On stock recommendations, CGSI estimates True Corporation's second-quarter 2026 net profit at 6.7 billion baht, up 232% year-on-year and 1% quarter-on-quarter, with service costs expected to drop 47% year-on-year due to lower network expenses. It sets a take-profit level at 14.30 baht and a stop-loss at 13.80 baht. Meanwhile, Gulf Energy Development is expected to post a second-quarter 2026 net profit of 10.7 billion baht, up 51% year-on-year and 19% quarter-on-quarter, marking a new record for the sixth consecutive quarter. CGSI has raised its core earnings per share estimates for 2026 to 2028 to reflect higher expected revenue and cost control, with a take-profit level at 67.00 baht and a stop-loss at 65.50 baht.

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