Stocks with Rising Profits and Strong Dividends Ahead of Second-Quarter Earnings Season

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

The Thai stock market is entering the period for second-quarter 2026 earnings announcements and interim dividend payments. Bualuang Securities' Wealth Research team notes that the SET Dividend Yield for 2026 is expected to be around 3.5 percent, compared with the 10-year Thai government bond yield of approximately 2.0 percent, resulting in a yield spread of about 1.5 percent, which is above the long-term average. This reflects that stocks still offer an additional return relative to bonds. The highlight this round is the combination of yield and earnings growth, with many companies likely to see upward earnings revisions or no significant downward adjustments over the past three months. The energy sector remains a key driver due to higher energy prices, while the communications sector is beginning to show more qualitative growth, with ADVANC and TRUE supported by recovering ARPU and subscriber numbers. The food and beverage sector is seeing positive signals from easing costs, with OSP standing out in margin management, TU benefiting from lower raw material costs, and CPF supported by recovering agricultural commodity price trends. The hospital sector is expected to gradually recover in the second half of the year, driven by returning Thai patient revenue and improving foreign patient demand. The strategy continues to focus on selecting individual stocks with strong cash flows, the ability to maintain margins, and consistent dividend payments.

Impact on assets 5

Consumer Staples▲ · 3 stocks
Cloud & Digital Infrastructure▲ · 2 stocks
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