Pi Securities sees funds flowing into Anti-Oil theme after crude slump, recommends MEGA and MTC

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

Pi Securities says money is rotating into stocks that benefit from falling oil prices. Overnight, US equities rebounded as tensions between Iran and the US eased, pushing Brent crude down 4.7 percent. Tech stocks rallied, with Alphabet up 4.8 percent, Microsoft up 5 percent, Amazon up 4.6 percent, and Meta up 6 percent. The ISM manufacturing PMI came in better than expected, but the market focused more on strong earnings growth and the drop in oil prices easing inflation concerns. For the Thai market yesterday, the SET Index edged 0.1 percent lower, pressured by Delta Electronics falling 2.2 percent, while Anti-Oil plays like Home Product Center gained 4.6 percent and Central Plaza Hotel rose 3.9 percent, continuing to perform well. Pi Securities sees the SET trading in a range of 1,610 to 1,635 points today, with a strategy of accumulating stocks that benefit from lower oil prices. These include retail names like CP All, Central Pattana, CRC, ICHI, and Global; tourism plays like Central Plaza Hotel, Erawan Group, and Minor International; power plant operators like B.Grimm Power, GPSC, and Gulf Energy; finance stocks like Muangthai Capital, Srisawad, and Ngern Tid Lor; beverage names like ICHI and Carabao Group; and industrial estate plays like Amata Corporation and WHA Corporation. The broker recommends MEGA with a target price of 45 baht, citing a strong quarterly profit growth trend compared to last year, and Muangthai Capital with a target price of 39 baht, expecting second-quarter 2026 profit to hit a new record high of around 1.9 billion baht.

Impact on assets 23

Consumer Discretionary▲ · 6 stocks
Financials▲ · 3 stocks
Energy Transition & Power Demand▲ · 3 stocks
Artificial Intelligence▲ · 3 stocks
Consumer Staples▲ · 2 stocks
Health Care▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks
Digital Finance & Tokenization▲ · 1 stocks
Real Estate▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
Spatial Computing / AR/VR▲ · 1 stocks
© 2026 MarketIVNews