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漸變長條圖

The Thai stock market is expected to rise on May 13, 2025, primarily benefiting from the conclusion of the US-China trade agreement.

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Krungsri Securities predicts that the Thai SET index will trend upward on May 13, 2025, with resistance at 1228-1235 points and support at 1200-1195 points. Positive news regarding US-China trade will boost risk assets.


The US and China reached a trade tariff agreement: the US will reduce tariffs on Chinese imports to 30% (from 145%), while China will reduce tariffs on US goods to 10% (from 125%), tentatively for 90 days. This move is expected to effectively reduce downside risks and boost US economic expectations, alleviating concerns about an economic recession. As a result, the 10-year US Treasury yield rose by 8 basis points, and the US dollar index strengthened. Meanwhile, China will also strive to achieve an economic growth target of around 5%. Given the negative impact of previous trade frictions, market consensus expectations have been lowered.


2. Average oil prices rose positively by 1.6%, which is expected to benefit the upstream energy sector (accounting for 10%-11% of market capitalization). 3. India and Pakistan reached a ceasefire agreement and reopened their airspace, which is beneficial to the tourism, aviation, and food and beverage service industries.


4. Q1 2568 earnings reports have been released, with 177 out of 694 companies reporting. Overall performance remains optimistic, exceeding expectations by 1.1%. Stocks with earnings exceeding or meeting expectations account for 67.3% of those reported. Stocks with recent strong earnings include TRUE, TOP, NER, and MOSHI. Today, pay attention to CPALL, GFPT, and MTC.


Overall assessment indicates that the Stock Exchange of Thailand (SET) is expected to rise today. Leading sectors are expected to be those related to economic recovery, including technology, agriculture, China-related stocks, and logistics. In addition, the banking and upstream energy sectors, benefiting from the easing of downside economic risks, as well as the service sector (tourism, aviation, retail), and stocks with strong Q1 2025 earnings or earnings expectations, will also support the market.


Today's Recommendations: PTT, SCC, TRUE



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