Krungsri sees SET moving sideways, eyes THAI and PTTGC for MSCI inclusion in November, recommends 3 standout stocks

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Suwat Wattanapornprom, Director of Research in the Investment Strategy Department at Krungsri Securities Public Company Limited, said on the October 8, 2569 edition of the stock news program "Jad Talad" that the Thai stock market today is likely to move sideways, even as most Asian markets come under pressure from rising US government bond yields, along with concerns over inflation, debt burdens, and geopolitical conflicts. The market still needs to watch US consumer inflation figures, or CPI, in the middle of next week. As for the MSCI index review in November, Krungsri's research team sees it as increasingly interesting, with Thai Airways International Public Company Limited, or THAI, having a chance to return to the MSCI index if its share price rises to around 6 baht, plus or minus, since its market capitalization adjusted for free-float proportion has already passed the preliminary threshold. Meanwhile, PTT Global Chemical Public Company Limited, or PTTGC, which is currently in the MSCI Small Cap index, has a chance to move up to the MSCI Global Standard index after its share price continued to improve. Even using a stricter market capitalization threshold assumption of about 50% above the normal level, a share price of around 50 baht, plus or minus, would still likely pass the criteria, and PTTGC also has support from progress in setting up a joint venture with the Siam Cement Group, which could add upside of about 7 to 9 baht to its fundamental value. For standout stocks, Krungsri's research team recommends Krung Thai Bank Public Company Limited, or KTB, on the domestic play theme; WHA Corporation Public Company Limited, or WHA, on the trend of attracting foreign investment; and Bangkok Chain Hospital Public Company Limited, or BCH, on the trend of raising medical service fees in the social security system.

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