InnovestX Sets 2027 SET Target at 1,715 Points, Says 1,550 Is Starting to Look Attractive

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Summary · why it matters

InnovestX Securities has unveiled its investment strategy for the fourth quarter of 2026, saying investors need to exercise greater caution amid rising interest rates and high oil prices, which are pressuring inflation, bond yields, and foreign fund flows. The firm set a target for Thailand's benchmark stock index in 2027 at 1,715 points and said the 1,550 level is starting to look attractive for accumulation. It named five top picks: AMATA, CENTEL, CRC, KTB, and PR9. Suthichai Kumworachai, Head of Investment Strategy & Research, said the prolonged conflict between the United States and Iran creates a chain of risk running from oil prices to inflation, the direction of interest rates, financing costs, and the baht. Dr. Piyasak Manasant, Head of Economic Research, kept his forecast for Thai economic growth in 2026 and 2027 at 2.0% while raising his average oil price assumptions for 2026 and 2027 to 90 and 80 US dollars per barrel, respectively. Sitthichai Duangrattanachaya, Head of Investment Strategy, said earnings per share for the Thai stock market have been continuously revised upward, particularly from the energy sector. For overseas investment, he recommended stocks that benefit from AI, namely Google, Amazon, Nvidia, Tencent, and Alibaba, while in the semiconductor group he highlighted Lumentum, Naura, SMIC, and Biren. He also advised diversifying into defensive and dividend stocks. Joranapong Rattanasopha, Head of Investment Product Specialist, recommended the M-SCHD fund, which invests through the Schwab U.S. Dividend Equity ETF. SCHD currently has less than 10% exposure to technology stocks, compared with nearly 40% for the S&P 500 index, and the correlation between SCHD and the S&P 500 has fallen to about 0.3, the lowest level since the fund was established in 2011.

Impact on assets 15

Artificial Intelligence▲ · 6 stocks
Amazon.com Inc
AMZN
▲ PositiveDemandrelevance

Recommended as an overseas AI-beneficiary stock by InnovestX.

NVIDIA Corporation
NVDA
▲ PositiveDemandrelevance

Listed among AI-beneficiary stocks recommended for overseas investment.

Consumer Discretionary▲ · 2 stocks
Digital Finance & Tokenization▲ · 2 stocks
Financials▲ · 1 stocks
Health Care▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks
Others▲ · 2 stocks
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