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Fed Dot Plot and Oil Prices Pressure SET Index

Fed Dot Plot and Oil Prices Pressure SET Index

Post Today•Economy•50m ago

Reader Briefing

Finansia Syrus Securities forecasts the SET Index to move sideways as markets await the US Federal Reserve meeting results and Dot Plot signals.

  • •The SET Index is expected to fluctuate between 1,572 and 1,585 points.
  • •The US Federal Reserve is expected to raise interest rates by 0.25% to a range of 3.75-4%.
  • •Oil prices remain high at US$109 per barrel due to supply disruptions in Saudi Arabia and Libya.
  • •The EXAT plans to accelerate 11 expressway projects, with 3 projects expected to open for bidding in 2027.

Overview

  • •Finansia Syrus Securities expects the SET Index to move sideways in the range of 1,572-1,585 points.
  • •The market is awaiting the Federal Reserve meeting results tonight, with an expected interest rate hike of 0.25% to 3.75-4%.
  • •If the Dot Plot reflects more than 3 rate hikes, Bond Yields are expected to continue pressuring risky assets.
  • •Oil prices are at US$109 per barrel because of supply disruptions in Saudi Arabia and Libya.
  • •Bangkok Bank (BBL) has a target price of 240 baht, with a PBV of 0.6 times and a dividend yield higher than 5% per year.
  • •The EXAT has 3 expressway projects valued at 66 billion baht expected to open for bidding in 2027.
  • •Foreign tourists between September 6-12 were 439,000 people, while the year-to-date total is 22 million people.
  • •CPN aims to increase net leasable area to 2.8 million square meters by 2030.

Full article content is available on the original source.

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Source: Post Today (Original)

Key Entities

Organization

Finansia Syrus Securities(บล.ฟินันเซีย ไซรัส)
The securities firm providing the market analysis and SET Index forecasts.
Federal Reserve(ธนาคารกลางสหรัฐ)ℹ️
The US central bank whose meeting and Dot Plot are key market drivers.
BBL
A bank recommended as a buy with a target price of 240 baht.
MPC(กนง.)
The monetary policy committee not expected to raise interest rates soon.
EXAT(กทพ.)ℹ️
The agency planning to accelerate 11 expressway projects.
CK
A construction company viewed positively due to EXAT's expressway projects.
STECON
A construction company viewed positively due to EXAT's expressway projects.
SEAFCO
A company that may obtain foundation work from EXAT's projects.
PYLON
A company that may obtain foundation work from EXAT's projects.
Cabinet(ครม.)
The government body that will consider the Thai Tiew Thai Plus measure.
CPN
A company recommended as a buy with a target price of 80 baht.

Place

Saudi Arabia(ซาอุฯ)ℹ️
A country experiencing supply disruptions affecting oil prices.
Libya(ลิเบีย)ℹ️
A country experiencing supply disruptions affecting oil prices.

Policy

Thai Tiew Thai Plus(ไทยเที่ยวไทยพลัส)
A travel measure expected to enter the Cabinet next week.