Asia Plus Securities says Q2 corporate earnings beat expectations by 12%, supporting SET's push toward 1,630 points

Money & Banking··TH·Read original
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Summary · why it matters

Asia Plus Securities said the combined net profit of 277 Thai listed companies in the second quarter of 2026 came in 11.8% above market expectations, a factor supporting the SET Index's tendency to swing upward and test resistance at 1,630 points this week. Companies that reported standout earnings included CENTEL, BA, SPALI, BCP, SCC, PTTGC, SJW, ITC, SCGP, PTTEP, GULF, TTB, KTB and KCE, and this is expected to lead to upward revisions in market earnings estimates in the next phase. Asia Plus Securities recommends a Selective Buy strategy, naming ADVANC, HANA and SPALI as top picks for the day. It noted that ADVANC is attractive for its interim dividend yield of 2.3% of the market price. HANA's second-quarter results are expected to recover both quarter-on-quarter and year-on-year, and it is benefiting from being selected for the latest MSCI Small Cap Index. SPALI reported second-quarter net profit above expectations and announced an interim dividend of 0.55 baht per share, representing a yield of 3.5%.

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