Asia Plus Securities has laid out investment strategies for the trading session on Thursday, with recommendations under the theme “Open the City, Open the Portfolio, New Accumulation Round.” Recommended stocks include SCG Packaging (SCGP), Bangkok Bank (BBL), and Central Plaza Hotel (CENTEL), which are business groups that will directly benefit from the resolution of the Middle East war and declining oil prices.
For the group with declining costs and surging profits, the leading stocks are Gulf Development (GULF), B.Grimm Power (BGRIM), Global Power Synergy (GPSC), Carabao Group (CBG), SCGP, Asia Aviation (AAV), and Bangkok Airways (BA).
This is accompanied by the group expected to recover in line with the economy and purchasing power, which includes Minor International (MINT), CENTEL, The Erawan Group (ERW), Bangkok Dusit Medical Services (BDMS), Bumrungrad Hospital (BH), Tidlor Holdings (TIDLOR), and Muangthai Capital (MTC).
The main support factor is from U.S. President Donald Trump’s disclosure that negotiations with Iran are entering their final phase, along with expectations that the Strait of Hormuz will return to normal operations.
As a result, cargo vessels from China and South Korea have begun to gradually resume passage through the Strait. These factors have pressured the price of BRENT crude oil to sharply decline by 6%, while the yield on 10-year U.S. Treasury bonds decreased to 4.60%, representing a positive factor supporting U.S. stock markets to rise by more than 1%.
Regarding the Thai stock market, since the onset of the Middle East war in February 2026, sectors dependent on energy costs have fallen more sharply than the market as a whole. The tourism sector dropped by 16.5%, healthcare by 15.0%, commerce by 8.5%, transport by 6.9%, and food by 4.4%.
However, with signs that the war is nearing its end and oil prices beginning to ease, the brokerage referenced statistics from the Russia–Ukraine war in 2022, finding that within a month after oil prices peaked, sectors associated with basic consumption and transportation were able to recover and outperform the market with stronger momentum. This led to an expectation that a similar pattern could emerge.
On another front, as for the government’s cancellation of the 60-day visa-free measure and reinstatement of the previous policy, the anticipated impact is expected to be limited.
