บทวิเคราะห์ (Research)

The SET Index should slow its rising momentum in August and is likely to be range bound at a higher base. The main index now has limited upside to our 2025 target at 1,283pts and we still see little chance of earnings upgrades to the major sectors. Also, the Thai market seems to have largely priced in key positive factors like hopes for a better trade deal between Thailand and the US (on Aug 1, the US just unveils that it will lower tariffs on Thai goods to 19%) and potential monetary easing after the new BoT governor takes the position in October. We also believe the Thai political situation would heat-up again in August and could lead to rising market volatility. Investors should stay quite selective. Our August top picks are SPRC*, TOP*, OSP*, SYNEX and ITC*.