Phillip picks 7 stocks poised to benefit from Chinese investment hopes, sees SET swinging sideways to up

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Phillip Securities Thailand says support from banks reporting strong results and speculation on second-quarter 2026 earnings are expected to drive positive sentiment, as bank earnings have come in better than Bloomberg consensus. Yesterday, KKP and TTB reported earnings per share exceeding Bloomberg consensus by 15.46 percent and 9.26 percent respectively, raising hopes that other bank stocks reporting today will also deliver positive results. There is also expectation that after the remaining bank stocks report, analysts will raise their target prices. Meanwhile, government measures are seen as another boost, especially for domestic stocks, after the deputy transport minister announced plans to propose revised state welfare card criteria to the cabinet, and the finance ministry will propose assistance for those who lost eligibility through the Thai Chuay Thai Plus 60/40 program in August to September 2026. Additionally, there is anticipation of tourism measures from the tourism ministry, which is preparing to request a central budget of 1.75 billion baht for the Thai Thiew Thai Plus project. The Middle East situation remains a concern. Although Iran said talks with the US can continue, Houthi rebels have declared a naval blockade against Saudi Arabia, pushing West Texas Intermediate crude oil prices up 0.9 percent to close at 83.2 dollars per barrel. Phillip expects the SET index to swing sideways to up within a range of 1,640 to 1,660 points, with a strategy of speculating on second-quarter 2026 earnings across several sectors. One recommended group is stocks expected to benefit from Chinese investment, namely Advanced Info Service, Amata, Gunkul, Gulf Energy, Rojana, WHA Corporation, and WHA Utilities and Power.

Impact on assets 7

Energy Transition & Power Demand▲ · 3 stocks
Climate Adaptation & Water▲ · 2 stocks
Artificial Intelligence▲ · 1 stocks
Cloud & Digital Infrastructure▲ · 1 stocks
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