Summary · why it matters
Land and Houses Securities Public Company Limited assesses that the SET Index today is likely to soften and move within a range of 1,570-1,590 points, as the Thai stock market still lacks fresh positive factors. Most recently, the SET Index closed up 2.41 points, supported by energy and petrochemical stocks. Foreign investors were net buyers of 1.718 billion baht, and institutions were net buyers of 17 million baht. Securities company accounts were net sellers of 1.112 billion baht, and retail investors were net sellers of 624 million baht. The main pressure came from the yield on 10-year US government bonds, which surged to 5.36%, the highest in 24 years, before easing to 5.29% after a 39 billion dollar bond auction drew strong demand. Meanwhile, Brent crude oil prices remained above 100 dollars per barrel, and the September FOMC meeting minutes reflected that most committee members still saw one more rate hike this year as possibly appropriate. On investment strategy, Land and Houses Securities maintains its investment weighting at 70%, split into 55% Alpha and 15% Beta, and highlights BGRIM as a strategic top pick with a target price of 21.50 baht, support at 18.80 baht, resistance at 20 baht, and a stop-loss at 18.20 baht, driven by progress on PDP2026, Direct PPA, and its Data Center business, which currently has total generating capacity of 96 MW and is fully contracted, with plans to expand to 300 MW in Thailand and abroad, expecting new generating capacity of around 300-500 MW. It also recommends buying HMPRO with a strategic target price of 7.30 baht, support at 6.40 baht, resistance at 6.85 baht, and a stop-loss at 6.20 baht, driven by demand for home repairs and renovations after the flood situation eases, which should support sales in early the fourth quarter of 2026.
B.Grimm Power Public Company Limited
Land and Houses Public Company Limited