CGS International Securities (Thailand), or CGSI, expects the SET Index to be volatile and advises caution over a correction in line with global risk assets, seeing a trading range of 1,570-1,590 points after US government bond yields rose again, stoking investor concern over inflation, interest burdens and financing costs that may stay elevated for a long time. On Wednesday, October 7, the Dow Jones closed at 51,179.87 points, down 341.41 points or 0.66%, while the S&P500 closed at 7,801.77 points, down 17.16 points or 0.22%, and the Nasdaq closed at 27,538.69 points, down 61.20 points or 0.22%. Europe's STOXX 600 closed at 630.25 points, down 6.38 points or 1.00%. This morning, Japan's Nikkei opened lower and fell below the 70,000 level. Among its recommended stocks, CGSI named SPALI, expecting third-quarter 2026 net profit of 911.8 million baht, down 44.6% QoQ and 21.9% YoY, while maintaining its 2026 residential business revenue forecast at 24.85 billion baht, up 4.8% YoY, and GULF, which it expects to see renewable energy projects, data centers and the MTP3 LNG Terminal drive long-term profit growth after 2030.
Supalai Public Company LimitedUS government bond yields rose again, stoking inflation and financing-cost concerns — the yield itself is the subject of the story.
