CGSI expects SET to break 1,600 points after oil slump and lower bond yields, recommends DELTA and GULF

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Summary · why it matters

CGS International Securities (Thailand), or CGSI, estimates that the SET Index could rise above 1,600 points, with a trading range of 1,600-1,630 points, supported by lower oil prices and falling US government bond yields. The Nasdaq closed at a record high on buying in AI stocks, particularly AMD and Nvidia, whose forward P/E ratios are in their lowest zone in 10 years. The Dow Jones closed at 52,048.83 points, up 366.19 points or 0.71%. The S&P 500 closed at 7,764.70 points, up 114.20 points or 1.49%, and the Nasdaq closed at 27,122.09 points, up 599.55 points or 2.26%. Meanwhile, October-delivery WTI crude oil futures fell 4.52 dollars, or 4.51%, to close at 95.78 dollars per barrel, following signs of diplomatic progress between Iran and the United States and reports that Saudi Arabia's oil exports are starting to recover. Among its recommended stocks, CGSI said DELTA will post higher revenue growth in the second half of 2026, with third-quarter 2026 revenue estimated to grow about 15% quarter-on-quarter, and set a profit target of 252.00 and a stop-loss level of 244.00. GULF is expected to see renewable energy projects, data centers, and the MTP3 LNG Terminal drive long-term profit after 2030, with a profit target of 63.25 and a stop-loss level of 61.50.

Impact on assets 5

Artificial Intelligence▲ · 2 stocks
Electrification & Mobility▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
Others▼ · 1 stocks
⛏Crude Oil WTI Futures
WTI
▼ NegativeSupplyrelevance

WTI fell 4.51% on signs of Iran-US diplomatic progress and recovering Saudi oil exports, boosting supply expectations.

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