LHS: Thai stocks to consolidate in Sept 2026, recommends 5 top dividend stocks

thunhoon.com··THUS·Read original
2▲5 ▼0Impact / 5
Summary · why it matters

Land and Houses Securities (LHS) assesses that the SET Index in September 2026 will move within a range of 1,550–1,630 points, with a tendency to swing sideways and fluctuate according to event risk, after a strong rally and facing profit-taking. Meanwhile, fundamentals remain strong due to good listed company earnings, prompting LHS to raise its 2026 SET EPS forecast to 106 baht per share and assess a fair value of 1,700 points. It views the weakness as a consolidation rather than a downtrend. Key international factors to monitor are the FOMC meeting and the Dot Plot, while US-Iran tensions may impact oil prices. On the domestic front, Q2/2026 GDP expanded 1.9%, but private investment grew 13.4% and exports grew 12.5%, reflecting a transition to investment and export-led growth, especially in data centers and clean energy. The strategy recommends selective buying on weakness, focusing on three themes: dividend and value plays, data centers and energy transition, and earnings growth. Recommended stocks are BCP, KKP, INSET, GUNKUL, and COM7.

Impact on assets 5

Energy Transition & Power Demand▲ · 2 stocks
Consumer Discretionary▲ · 1 stocks
Com7 PCL
COM7
▲ PositiveDemandrelevance

Recommended as a top dividend stock; benefits from earnings growth and selective buying on weakness.

Cloud & Digital Infrastructure▲ · 1 stocks
Financials▲ · 1 stocks
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