Kasikorn Securities sees SET today in 1,635–1,660 range, supported by oil surge from Middle East conflict

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Kasikorn Securities expects the SET Index to move today in a range of 1,635 to 1,660 points, supported by Brent crude oil prices breaking above 90 dollars per barrel amid ongoing tensions in the Middle East. This follows President Donald Trump lowering hopes for negotiations with Iran and the Houthis threatening shipping in the Red Sea. The short-term strategy recommends increased caution and waiting for pullbacks to buy stocks expected to deliver outstanding earnings and high dividend payout ratios. Top picks for today are PTTGC and SC. In addition, the Ministry of Finance is preparing to adjust TISA criteria to provide equal tax deduction benefits and open the way for investing in individual stocks, which is positive for the Thai capital market atmosphere in the medium term. Meanwhile, the government is preparing to push the BOI to IPO project to attract foreign technology companies to list on the Thai stock market, and the Eastern Economic Corridor Office is set to propose the EECiti project worth 72.042 billion baht in a public-private partnership format, which will be positive for industrial estate, construction, and utility sectors in the long term.

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Kasikorn Securities Public Company Limitedi
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