Dao flags US bond yield below 5% as catalyst for nine top picks: GPSC, BGRIM, ADVANC, KTB, KBANK, KKP, AOT, CENTEL, ERW

HoonVision··THUSCN·Read original
2▲9 ▼0Impact / 5
Summary · why it matters

Dao Securities expects the Thai stock market on September 22, 2026, to see the SET Index attempt to hold above 1,600 points, helped by buying in electronics stocks, while falling oil prices could pressure energy shares with selling. The investment mood has improved again, and investors are watching the meeting between Trump and Xi. In the US market, stocks rose sharply, especially AI-related names led by META, and with WTI oil falling below 100 dollars per barrel, the US bond yield closed below 5%, supporting the investment climate. Fitch Ratings announced on September 18 that it had revised Thailand's credit outlook from Negative to Stable while affirming the rating at BBB+, a supportive factor for the market. The SET opened the morning up more than 9 to 13 points, testing 1,600 points, with buying concentrated mainly in banking and financial stocks. Dao Securities' main strategy states that a US bond yield closing below 5% will draw buying into stocks that benefit from lower bond yields under the Mega Play theme, such as data centers and power plants, and it still likes GPSC, BGRIM and ADVANC. Banking stocks should be resilient amid lingering uncertainty, and it still likes KTB, KBANK and KKP. For the medium to long term, it still likes tourism stocks, namely AOT, CENTEL and ERW.

Impact on assets 10

Financials▲ · 3 stocks
Energy Transition & Power Demand▲ · 2 stocks
Global Power Synergy PCL
GPSC
▲ PositiveMonetaryrelevance

Dao Securities likes GPSC as a beneficiary of US bond yield closing below 5% under the Mega Play theme for power plants.

Consumer Discretionary▲ · 2 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
Industrials▲ · 1 stocks
Spatial Computing / AR/VR▲ · 1 stocks
© 2026 MarketIVNews