GBS Predicts Volatile SET and Recommends 4 Power Stocks

MGR Online•Economy•21h ago

Reader Briefing

Globlex Securities predicts the Thai stock market will fluctuate between 1,610-1,650 points amid global pressures and domestic economic factors.

•Globlex Securities forecasts the SET Index to swing between 1,610-1,650 points this week.
•External pressures include US chip stocks, Middle East tensions, and Bank of Korea interest rate hikes.
•Domestic positive factors include a 2.13% growth in new business registrations in the first half of 2026.
•Globlex Securities recommends GULF, BGRIM, GPSC, and GUNKUL based on the new PDP 2026 plan.

Overview

•Globlex Securities assesses the SET Index will be volatile within the range of 1,610-1,650 points.
•The SET Index faces pressure from sell-offs in US chip stocks, which has also impacted ETRON stocks in Thailand.
•The Ministry of Commerce reported that new business registrations in the first half of 2026 grew by 2.13%, with online retail growing by 56.9%.
•The Ministry of Finance is preparing to sell 4,000 million baht in Aom Plus government bonds.
•The Prime Minister is scheduled to visit China from July 16-20.
•The Monetary Policy Committee (MPC) Meeting 4/69 is scheduled for August 26.
•Investors should monitor the US Federal Reserve meeting on July 28-29 as a key variable for global investor confidence.
•Watcharen Jongyanyong suggests focusing on GULF, BGRIM, GPSC, and GUNKUL due to the PDP 2026 plan (2026-2050).

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Key Entities

Organization

Globlex Securities(บล. โกลเบล็ก)

A securities firm that provides market assessments and investment strategies.

Ministry of Commerce(กระทรวงพาณิชย์)ℹ️

The government body reporting on new business registration figures.

Ministry of Finance(กระทรวงการคลัง)ℹ️

The government body preparing to sell Aom Plus government bonds.

Bank of Korea(ธนาคารกลางเกาหลีใต้)ℹ️

The central bank of South Korea that raised interest rates to curb inflation.

FTI(ส.อ.ท.)

The organization reporting automotive production and export figures.

FPO(สศค.)

The agency providing economic condition reports.

BOT(ธปท.)

The central bank providing economic condition reports.

Monetary Policy Committee(คณะกรรมการนโยบายการเงิน)

The committee holding meeting 4/69 on August 26.

People's Bank of China(ธนาคารกลางจีน)ℹ️

The central bank announcing LPR interest rates on July 20.

European Central Bank(ธนาคารกลางยุโรป)ℹ️

The central bank holding a meeting on July 23.

Federal Reserve(ธนาคารกลางสหรัฐฯ)ℹ️

The US central bank holding a meeting on July 28-29.

GULF

A power company recommended for investment under the PDP 2026 plan.

BGRIM

A power company recommended for investment under the PDP 2026 plan.

GPSCℹ️

A power company recommended for investment under the PDP 2026 plan.

GUNKUL

A power company recommended for investment under the PDP 2026 plan.

Person

Wilasinee Boonmasungsong(วิลาสินี บุญมาสูงทรง)

Assistant Managing Director of Globlex Securities.

Watcharen Jongyanyong(วัชเรนทร์ จงยรรยง)

Director of Research at Globlex Securities.

Policy

Power Development Plan (PDP) 2026(แผนพัฒนากำลังผลิตไฟฟ้า (PDP)ฉบับใหม่2026)

A government energy policy for the years 2026-2050 aimed at making Thailand a regional hub for future industries and achieving Net Zero by 2050.

Place

China(จีน)ℹ️

The country the Prime Minister is visiting from July 16-20.

Middle East(ตะวันออกกลาง)ℹ️

A region where tensions are causing market uncertainty.

USA(สหรัฐฯ)ℹ️

A country whose economic data and chip stocks impact the Thai market.