Maybank Securities (Thailand) forecasts the SET Index will fluctuate between 1,520 and 1,630 points in October, with overseas developments dominating trading. The brokerage favours AWC, DELTA and TRUE, anticipating strong earnings from the three companies.
Domestically, Maybank expects conditions to strengthen as flooding recedes and the tourism high season begins. The approaching earnings announcements should also draw investors’ attention back to individual companies’ fundamentals.
External pressures, however, remain central to the outlook. Oil continues to trade at elevated levels amid the US–Iran conflict, adding to inflation risks and reinforcing market caution over the direction of interest rates.
US Treasury yields also remain high, contributing to the global backdrop for Thai equities. Maybank’s October forecast therefore points to continued volatility despite the anticipated improvement in domestic conditions.
