On Thursday, Asia Plus Securities expected the Thai stock market to move in a sideway-up trend due to positive sentiment in electronic component stocks after Nvidia reported a better-than-expected performance. The market is also likely to be bolstered by a surprise interest rate cut by the Monetary Policy Committee (MPC) on Wednesday.
DAOL Securities (Thailand) expected the Thai market to continue trading with volatility following the MPC rate cut, attributed to Thailand’s economic growth falling behind forecast with potential risks from tariff threats by the U.S. President Donald Trump, concerns on inflation, and slumping SMEs loans.
The analyst also mentioned the downward revision on Thailand’s GDP forecast for 2025 by the Bank of Thailand (BOT) to slightly above 2.5% from the previous 2.9%, and deemed such developments as a negative sentiment, impacting the banking sector.
Kingsford Securities anticipated the rate cut to strengthen the Thai market earning yield gap to 4.36% and recommended investors to speculate stocks in various sectors as follows:
Financial sector: TISCO, KKP, MTC, TIDLOR and SAWAD
Real estate sector: SIRI, AP, SPALI, and LH
Moreover, the analyst also expected GULF, GPSC, BGRIM, IVL and PTTGC to benefit from lower financial costs, while giving CPALL a fair value of THB 81.5 per share after the company denied reports surrounding the Seven & i investment.
