Kasikornbank Public Company LimitedNamed in Tisco's favored banking and insurance group as higher rates benefit banks.
The US Federal Reserve voted unanimously 12–0 to raise interest rates by 0.25% to a range of 3.75–4.00%, its first hike since 2023, and signaled it may raise once more this year. Its latest projections put the year-end 2026 rate at about 4.1%, with 2027 likely holding steady before a possible cut in 2028. Several brokers assess the meeting as negative for the Thai stock market in the short term, because US Treasury yields and the dollar are likely to strengthen, which could pressure foreign capital flows and share prices, especially growth stocks and those with high P/E ratios, amid inflation still above the 2% target and oil prices holding above 100 dollars a barrel, forcing the market to cope with a prolonged period of high interest rates. Tisco Securities estimates the SET will move in a range of 1,570–1,660 points, with support at 1,570–1,580 points and resistance at 1,630 and 1,660 points, and highlights the energy and commodities group such as PTTEP, PTT, SPRC, TOP, IVL, PTTGC, CPF, TFG, GFPT, TVO, SCGP and SCCC; the banking and insurance group such as KBANK, KTB, TTB, BLA and TLI; and the AI, infrastructure and power group such as HANA, AMATA, WHA, GULF, EGCO, ADVANC, TRUE and STECON. Meanwhile, Krungsri Securities favors domestic and defensive plays with clear revenue and cash flow, especially BDMS and BCH, and warns that expensive, rate-sensitive stocks such as DELTA could come under pressure if the Fed signals more sustained rate hikes than the market expects.
Kasikornbank Public Company LimitedNamed in Tisco's favored banking and insurance group as higher rates benefit banks.
Krung Thai Bank Public Company LimitedNamed in Tisco's favored banking and insurance group as higher rates benefit banks.
TMBThanachart Bank Public Company LimitedFed rate hike lifts US yields and dollar; brokers favor the banking and insurance group (KBANK, KTB, TTB, BLA, TLI), supporting Thai bank TTB.
Bangkok Life Assurance Public Company LimitedIncluded in Tisco's banking and insurance group seen as favored amid the Fed's rate hike, but only a passing mention.
Thai Life Insurance PCLIncluded in Tisco's banking and insurance group seen as favored amid the Fed's rate hike; no company-specific development.
PTT Public Company LimitedNamed in Tisco's favored energy and commodities group as the Fed's hike and high oil prices support the sector.
Electricity Generating Public Company LimitedTisco lists EGCO in the AI, infrastructure and power group favored under the Fed's prolonged high-rate environment.
Gulf Energy Development Public Company LimitedTisco lists GULF in the AI, infrastructure and power group favored under the Fed's prolonged high-rate environment.
Thaifoods Group Public Company LimitedNamed by Tisco in the energy and commodities group highlighted as the Fed raises rates; no company-specific news.
Thai Oil Public Company LimitedListed by Tisco in the energy and commodities group highlighted as the Fed hikes rates; no company-specific news.
PTT Global Chemical Public Company LimitedPTTGC is named in Tisco's favored energy and commodities group benefiting from the high-rate, high-oil environment.
Siam City Cement Public Company LimitedSCCC is listed in Tisco's favored energy and commodities group as the Fed's hike pressures growth stocks instead.
SCG Packaging Public Company LimitedSCGP is included in Tisco's favored energy and commodities group amid the Fed's rate hike and elevated oil prices.
Charoen Pokphand Foods Public Company LimitedTisco highlights CPF in the energy/commodities group favored as high rates and oil above $100 support commodity plays.
GFPT Public Company LimitedTisco highlights GFPT in the energy/commodities group favored as high rates and oil above $100 support commodity plays.
Thai Vegetable Oil Public Company LimitedTVO is named only within the energy/commodities group that brokers highlight; the rate-driven call is sector-level, not a company-specific development.
PTT Exploration and Production Public Company LimitedTisco highlights PTTEP in the energy/commodities group favored as the Fed's rate hike keeps oil above $100 and high rates pressure growth stocks.
Star Petroleum Refining Co LtdSPRC is named in Tisco's favored energy and commodities group as high rates and $100+ oil support the sector.
Advanced Info Service Public Company LimitedListed in Tisco's AI/infrastructure/power group favored under the Fed's high-rate environment, but no company-specific development.
True Corporation Public Company LimitedNamed by Tisco in the AI/infrastructure/power group favored under the Fed's rate-hike environment; no company-specific development.
STECON Group Public Company LimitedListed by Tisco in the AI/infrastructure/power group favored under the Fed's rate-hike environment, but no company-specific development.
WHA Corporation Public Company LimitedWHA is listed only in the AI/infrastructure/power group favored by Tisco; no company-specific news, just sector context from the Fed hike.
Bangkok Chain Hospital Public Company LimitedKrungsri Securities favors domestic and defensive plays with clear revenue and cash flow, explicitly naming BCH.
Bangkok Dusit Medical Services Public Company LimitedKrungsri Securities favors domestic and defensive plays with clear revenue and cash flow, explicitly naming BDMS.
Delta Electronics (Thailand) Public Company LimitedKrungsri warns expensive, rate-sensitive stocks such as DELTA could come under pressure if the Fed signals more sustained hikes.
Hana Microelectronics Public Company LimitedListed in Tisco's AI/infrastructure/power group favored under the Fed's rate hike, but no company-specific development.
Indorama Ventures PCLNamed in Tisco's favored energy and commodities group as the Fed's hike and high oil prices support the sector.
Amata Corporation Public Company LimitedNamed in Tisco's AI/infrastructure/power group that could benefit from the Fed rate backdrop, but only a passing mention.