GBS sees Thai stock index potentially reaching 1,650 points, recommends 5 standout stocks for portfolios

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2▲5 ▼0Impact / 5
Summary · why it matters

Globlex Securities, or GBS, estimates that the Thai stock index in August is likely to move in a range of 1,600 to 1,650 points, supported by a more relaxed investment climate for risk assets. This follows President Donald Trump's cancellation of plans to attack Iran and the achievement of a temporary ceasefire agreement, which caused WTI crude oil prices to ease below 80 US dollars per barrel, after having surged past 88 US dollars per barrel. In addition, the OPEC+ group is likely to increase production capacity by another 188,000 barrels per day in September. Meanwhile, investors have reduced the probability of a US Federal Reserve interest rate hike in September to 65 percent from 82 percent, and the European Central Bank kept its policy rate at 2.25 percent. On the domestic front, foreign capital inflows have clearly returned, with net purchases in July reaching as high as 45 billion to 48.7 billion baht, up from 6.86 billion baht in the previous month, bringing cumulative net purchases since the beginning of the year to 73 billion to 74.3 billion baht. This is coupled with June exports expanding 20.8 percent, valued at 34.66 billion US dollars, and headline inflation slowing to 2.42 percent. GBS recommends an investment strategy focusing on stocks with strong fundamentals and outstanding second-quarter 2026 earnings growth prospects, namely CBG, STA, BBGI, PR9, and TNP.

Impact on assets 5

Synthetic Biology (non-pharma)▲ · 2 stocks
BBGI PCL
BBGI
▲ PositiveDemandrelevance

GBS recommends BBGI as a standout stock with strong fundamentals and Q2 2026 earnings growth prospects.

Consumer Staples▲ · 2 stocks
Health Care▲ · 1 stocks
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