InnovestX sees SET edging up on strong Q2 earnings, recommends GUNKUL and TIDLOR

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Summary · why it matters

Mr. Phobchai Pattarawich, strategist at InnovestX, said the Thai stock market this week is likely to edge up within a range of 1,600 to 1,650 points, supported by strong second-quarter 2026 earnings. As of last Friday, 96 listed companies had reported results, accounting for 56 percent of total market capitalisation, with combined net profit of 196 billion baht, up 23 percent from the previous quarter, and 56 percent of companies with estimates beat profit forecasts. Additional positive factors include weak US employment data, which raises expectations that the Federal Reserve will hold rates steady, and the MSCI index review on 13 August 2026, which may increase the weighting of Thai stocks. For investment strategy, InnovestX recommends GUNKUL on its profit growth outlook and government measures promoting solar rooftops, and TIDLOR on strong earnings growth, lower financial costs, and a share buyback programme. It also highlights other stocks with outstanding results, including MTC, PR9, AP, CPN, KCE, ERW, and HANA.

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