Pie says oil price falling below $100 supports Anti Oil and Non Bank stocks

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Pie Securities stated that crude oil prices falling below the three-digit level for both Brent and WTI is a factor easing pressure on global bond yields and supporting Anti Oil and Non Bank stocks, after investors began to expect that the situation between the United States and Iran will move toward greater easing. Last night, Brent crude closed down 1.2% after reports that Saudi Arabia will reopen its oil pipeline. Meanwhile, the Dow Jones Industrial Average closed down 185 points, or 0.4%, on concerns that high oil prices could prompt the Fed to raise interest rates, and the latest CME Fed reading gives about 54% weight to the Fed raising rates at its October meeting. This morning, the KOSPI rose 1.6%, supporting Thai SEMI stocks such as DELTA, HANA, and KCE. Pie Securities estimates today's SET range at 1590 to 1620 points and recommends buying BA with a target price of 22.4 baht, citing the rise in passengers passing through Samui Airport in July and August both year on year and quarter on quarter. It also recommends buying TIDLOR with a target price of 24 baht, citing second-half 2026 profit trends expected to grow as much as 25% year on year.

Impact on assets 5

Semiconductors▲ · 2 stocks
Industrials▲ · 1 stocks
Bangkok Airways Public Company Limited
BA
▲ PositiveDemandrelevance

Pie Securities recommends buying BA with a 22.4 baht target, citing rising Samui Airport passenger traffic in July and August year on year and quarter on quarter.

Financials▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
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