InnovestX Reveals 4 Stock Themes to Handle Market Volatility

Prachachat•Economy•1h ago

Reader Briefing

InnovestX Securities recommends four stock themes and a selective buy strategy as the SET Index falls below 1,600 points.

•InnovestX Securities suggests a 'Buy on Dip' strategy for individual stocks due to market uncertainty.
•Four main stock themes have been identified: Defensive/High Dividend, Global Economy/Bond Yield, Government Policy, and Laggards.
•The SET Index is trending 'Sideways down' with support levels at 1,580 and 1,575 points.
•Key external factors to monitor include Fed meetings, the Dot Plot, and Bank of Japan (BOJ) meetings.

Overview

•The SET Index has fallen below 1,600 points, leading to a 'Sideways down' market trend with resistance at 1,605 and 1,610 points.
•InnovestX Securities recommends a 'Selective Buy' strategy, specifically 'Buy on Dip' when stock prices decrease.
•Market uncertainty regarding Fund Flow, Fed meetings, the Dot Plot, and Bank of Japan (BOJ) decisions on interest rates and Yen Carry Trade are key factors.
•The first theme focuses on Defensive stocks with annual dividends over 5%, including BBL, KTB, HMPRO, AP, SCCC, and PTT.
•The second theme targets Global Economy and Bond Yield benefits, including energy stocks (PTTEP, BCP, TOP, SPRC), shipping (PSL, TTA), and banking/insurance (KTB, BBL, KBANK, BLA, TLI).
•Government policies like PDP2026, solar rooftop support, 'Thai Help Thai Plus', 'Thai Travel Thai Plus', and Data Center/AI investment benefit stocks such as GULF, GUNKUL, AMATA, WHA, STECON, CK, SCCC, CPALL, CPAXT, BJC, CRC, ERW, CENTEL, AOT, DELTA, HANA, and KCE.
•The 10-year US Treasury yield rose to 5% for the first time in nearly 3 years due to inflation and tight monetary policy concerns.
•Laggard stocks including AP, PR9, SAWAD, HMPRO, BDMS, TU, BCH, MTC, and TIDLOR are expected to see profit growth in the second half of 2026.

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Key Entities

Organization

InnovestX Securities(บล.อินโนเวสท์ เอกซ์)

A securities firm providing stock theme recommendations and market analysis.

Fed

The central bank whose meetings and Dot Plot projections affect market fund flows.

Bank of Japan(ธนาคารกลางญี่ปุ่น)ℹ️

The central bank whose interest rate decisions affect the Yen Carry Trade.

BBL

A stock identified in the Defensive and Bond Yield themes.

KTB

A stock identified in the Defensive and Bond Yield themes.

HMPRO

A stock identified in the Defensive and Laggard themes.

SCCC

A stock identified in the Defensive and Government Policy themes.

PTT

A stock identified in the Defensive theme.

PTTEPℹ️

An energy sector stock identified in the Global Economy theme.

BCP

An energy sector stock identified in the Global Economy theme.

TOP

An energy sector stock identified in the Global Economy theme.

SPRC

An energy sector stock identified in the Global Economy theme.

PSL

A shipping sector stock identified in the Global Economy theme.

TTA

A shipping sector stock identified in the Global Economy theme.

KBANK

A banking sector stock identified in the Bond Yield theme.

BLA

A life insurance stock identified in the Bond Yield theme.

TLI

A life insurance stock identified in the Bond Yield theme.

GULF

A stock identified as benefiting from the PDP2026 plan and solar rooftop policy.

GUNKUL

A stock identified as benefiting from the PDP2026 plan and solar rooftop policy.

AMATA

A stock identified as benefiting from the PDP2026 plan and solar rooftop policy.

WHA

A stock identified as benefiting from the PDP2026 plan and solar rooftop policy.

STECON

A construction stock identified as benefiting from government investment.

CPALL

A stock benefiting from Thai Help Thai Plus and Thai Travel Thai Plus measures.

CPAXT

A stock benefiting from the Thai Help Thai Plus measure.

BJC

A stock benefiting from the Thai Help Thai Plus measure.

CRC

A stock benefiting from the Thai Travel Thai Plus measure.

ERW

A stock benefiting from the Thai Travel Thai Plus measure.

CENTEL

A stock benefiting from the Thai Travel Thai Plus measure.

AOT

A stock benefiting from the Thai Travel Thai Plus measure.

DELTA

A stock in the Data Center and AI investment promotion theme.

HANA

A stock in the Data Center and AI investment promotion theme.

KCE

A stock in the Data Center and AI investment promotion theme.

PR9ℹ️