SET Today (Jul 7) Forecast: 1,600-1,625 pts; Non-Bank Sector Prominent

Prachachat•Economy•14d ago

Reader Briefing

Thai stock market (SET) is expected to trade within a 1,600-1,625 point range today, with the Non-Bank sector identified as a leading performer.

•The Stock Exchange of Thailand (SET) index is projected to trade between 1,600 and 1,625 points on July 7.
•The Non-Bank sector is highlighted as a prominent investment group.
•Foreign market influences include the US ISM PMI and falling US Treasury yields, while domestic factors include Thailand's June inflation at +2.4% YoY.
•Investors are awaiting 2Q26 corporate earnings reports for further market direction.

Overview

•Pi Securities assessed that SET today (July 7) will move within a range of 1,600-1,625 points, due to factors like Korean stock market adjustments and a potential return of flow to value stocks.
•US services ISM PMI was announced at 54 as expected, while US Yields are gradually decreasing, leading investors to await 2Q26 earnings results.
•The recovery of the stock market is limited as investors await profitability from massive hyperscaler investments.
•No significant factors are expected to be monitored tonight, with attention on the movement of various asset markets.
•The Thai inflation rate in June was +2.4% YoY, with a slight decrease from the previous month attributed to minor adjustments in fuel prices.
•The Non-Bank sector is considered positive due to the aforementioned factors, coupled with potential easing of oil fund burdens.
•Pi Securities recommends an investment strategy focusing on low capital deployment, emphasizing the finance (MTC, SAWAD, TIDLOR), retail (CPALL, CPN, HMPRO), tourism (BA, MINT), electricity (BGRIM, GPSC, GULF), and export (ITC, TU) sectors.
•Pi Securities views the export group as being in a 'Laggard Play' position.

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Key Quotes

Pi Securities

"Pi Securities assesses SET today (July 7) with a trading range of 1,600-1,625 points."

บล.พาย ประเมิน SET วันนี้ (7 ก.ค.) กรอบเคลื่อนไหว 1,600-1,625 จุด

Pi Securities

"Points to the Non-Bank sector as prominent."

ชี้กลุ่ม Non Bank เด่น

Pi Securities

"Views the export group as a laggard play."

มองกลุ่มส่งออกอยู่ ในจุด Laggard Play

Key Entities

Organization

Stock Exchange of Thailand(SET)ℹ️

The primary stock exchange in Thailand, mentioned in the context of daily trading forecasts and sector performance.

Pi Securities(บล.พาย)

A securities firm providing investment analysis and recommendations on the SET's performance and sector outlook.

Non-Bank Sector(Non Bank)

A segment of the financial industry highlighted as a prominent investment opportunity.

Kospiℹ️

The benchmark stock market index of South Korea, mentioned as a factor influencing a decline in foreign markets.

MTCℹ️

A specific company within the finance sector recommended by Pi Securities.

SAWADℹ️

A specific company within the finance sector recommended by Pi Securities.

TIDLORℹ️

A specific company within the finance sector recommended by Pi Securities.

CPALLℹ️

A specific company within the retail sector recommended by Pi Securities.

CPNℹ️

A specific company within the retail sector recommended by Pi Securities.

HMPROℹ️

A specific company within the retail sector recommended by Pi Securities.

BAℹ️

A specific company within the tourism sector recommended by Pi Securities (Bangkok Airways).

MINTℹ️

A specific company within the tourism sector recommended by Pi Securities (Minor International).

BGRIMℹ️

A specific company within the electricity sector recommended by Pi Securities (B Grimm Power).

GPSCℹ️

A specific company within the electricity sector recommended by Pi Securities (Global Power Synergy Public Company Limited).

GULFℹ️

A specific company within the electricity sector recommended by Pi Securities (Gulf Energy Development).

ITCℹ️

A specific company within the export sector recommended by Pi Securities (Thai Union Group).

TUℹ️

A specific company within the export sector recommended by Pi Securities (Thai Union Group).