SET Consolidating: Broker Recommends Defensive Stocks

Post Today•Economy•3d ago

Reader Briefing

UOB Kay Hian analysis suggests shifting investments to defensive stocks as the Thai stock market consolidates.

•The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) revised the 2026 GDP forecast upward to 2.1%-2.5%.
•UOB Kay Hian recommends locking profits from high-growth stocks and moving into defensive sectors.
•Recommended stocks include EGCO, BCH, TOP, and BBL with specific entry and stop-loss prices.
•Technical analysis indicates a support level at 1,550-1,580 and resistance at 1,600 points.

•The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) adjusted the 2026 GDP estimate to 2.1%-2.5% from 1.5-2%.
•The GDP upgrade by the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is driven by strong exports and foreign investment growth.
•High US government bond yields are causing global risk assets to weaken, particularly those with high P/E ratios.
•UOB Kay Hian suggests accumulating stocks in the power plant sector, including BGRIM, GPSC, RATCH, and EGCO, due to the new PDP plan.
•UOB Kay Hian identifies the hospital sector as attractive because it is lagging the market and entering a high season in Quarter 3.
•UOB Kay Hian warns that US yield levels and a strong USD may pressure Asian fund flows in the next 1-2 weeks.
•UOB Kay Hian recommends an investment allocation of 50% cash and 50% equity portfolio.
•UOB Kay Hian suggests focusing on stocks that benefit from falling oil prices, high dividend stocks with low debt, and delaying long-duration growth stocks with high PER.

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UOB Kay Hian(บล.ยูโอบีเคย์เฮียน)

A securities brokerage providing investment analysis and stock recommendations.

Joint Standing Committee on Commerce, Industry and Banking (JSCCIB)(คณะกรรมการร่วมภาคเอกชน 3 สถาบัน (กกร.))

An organization that provides GDP estimates for Thailand.

BGRIM

A power plant company identified as an interesting stock for accumulation.

A power plant company identified as an interesting stock for accumulation.

RATCH

A power plant company identified as an interesting stock for accumulation.

EGCO

A power plant company recommended by UOB Kay Hian with a target price of 140.

A hospital company identified as an interesting stock for accumulation.

BCH

A hospital company recommended by UOB Kay Hian with a target price of 12.50.

A hospital company identified as an interesting stock for accumulation.

TOP

A company recommended by UOB Kay Hian with a target price of 74.

BBL

A company recommended by UOB Kay Hian with a target price of 204.

United States(สหรัฐฯ)ℹ️

A country whose government bond yields and military actions in Iran impact global markets.

Iran(อิหร่าน)ℹ️

A country reportedly attacked by the United States, causing crude oil price fluctuations.