CGSI expects SET to swing in 1,600-1,620 range today, recommends BDMS and PTTEP

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Summary · why it matters

CGSI, or CGS International Securities (Thailand), estimates that the SET Index is likely to weaken today within a range of 1,600-1,620 points, pressured by crude oil prices that surged past 100 dollars per barrel and by US producer inflation figures that came in higher than expected, adding to concerns that the Fed may raise interest rates at next week's meeting. Meanwhile, the yield on 10-year US government bonds climbed close to 5.0%, prompting investors to reduce their weighting in risk assets. The New York stock market closed lower, with the Dow Jones closing at 52,064.10 points, down 316.56 points, or 0.60%, while the S&P 500 closed at 7,591.70 points, down 44.66 points, or 0.58%, and the Nasdaq closed at 26,081.73 points, down 171.62 points, or 0.65%. In Europe, the STOXX 600 closed at 635.97 points, down 4.44 points, or 0.69%, touching its lowest level in two months after the ECB raised interest rates and warned that inflation could rise further from the energy impact of the war. As for recommended stocks, CGSI favours BDMS, whose August 2026 revenue grew 10% year on year, and which is expected to post third-quarter 2026 profit growth of 9% year on year and 45% quarter on quarter, with a profit target of 20.60 and a stop-loss at 19.90. PTTEP, meanwhile, posted net profit of 27,197 million baht in the second quarter of 2026, growing 130% quarter on quarter on strong sales volumes and higher average selling prices, with gas prices expected to hold steady at 6 US dollars per mmbtu in the third quarter of 2026, and a profit target of 157.50 and a stop-loss at 154.00.

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％ECB rates
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The ECB raised interest rates and warned inflation could rise further, pushing the ECB policy rate/yield higher.

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