GBS expects SET to swing in a 1,560-1,600 range, recommends 5 stocks to ride the new iPhone wave

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Globlex Securities estimates that the Thai stock index will fluctuate in a range of 1,560 to 1,600 points this week, still pressured by crude oil prices and US government bond yields, amid tensions in the Middle East that warrant close monitoring. Wilasinee Boonmasungsong, Assistant Managing Director of Globlex Securities, said the negative factors weighing on investment include data from CME Group's FedWatch Tool indicating that investors assign a 53.1% probability that the US central bank will raise interest rates by another 0.25% at its October meeting, up from 27.2% a week earlier, as well as the attack on oil tankers in the Strait of Hormuz by the Iranian navy, and the Houthi group in Yemen stating that Saudi warplanes carried out 40 airstrikes across three provinces of Yemen within 24 hours. Meanwhile, Thai household debt, according to a survey by the Center for Economic and Business Forecasting at the University of the Thai Chamber of Commerce, surged to 794,945.49 baht per household, up 7.3%, the highest in 17 years. On the positive side, the yield on 10-year US government bonds fell to 4.93%, and the Bank of England's Monetary Policy Committee voted 6 to 3 to hold the policy rate at 3.75% as expected. Wacharant Jongyanyong, Director of the Research Department at Globlex Securities, recommended an investment strategy focused on stocks with specific positive factors, especially those expected to benefit from the launch of three new iPhone smartphone models, namely COM7, SYNEX, SPVI, CPW and ADVICE.

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Com7 PCL
COM7
▲ PositiveDemandrelevance

Recommended as a stock expected to benefit from the launch of three new iPhone models.

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