On May 7, 2568, at 10:50 AM, Siam Cement Public Company Limited (SET: SCC) shares traded at THB 168.50, up by THB 0.50 or 0.30%, with a trading value of THB 347.36 million.
Indorama Ventures Public Company Limited (SET: IVL) traded at THB 19.80, rising by THB 1.10 or 5.88%, and a trading value of THB 364.02 million.
PTT Global Chemical Public Company Limited (SET: PTTGC) saw its shares at THB 18, an increase of THB 1.30 or 7.78%, with a trading value reaching THB 461.82 million.
Meanwhile, SCG Packaging Public Company Limited (SET: SCGP) increased to THB 15.10, rising THB 1.10 or 7.86%, amounting to a THB 170 million trading value.
Krungsri Securities (KSS) attributes this uptick to favorable Chinese monetary policy adjustments, wherein China lowered its 7-day lending rate by 10 basis points to 1.4% and reduced the minimum reserve requirement ratio (RRR) by 0.50% to 6.1%.
These are seen as financial easing measures to stimulate the economy, positively influencing the short-term outlook for the Chinese and Hong Kong stock markets.
In addition, positive developments in U.S.-China trade negotiations were reported, with U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer slated to engage in discussions with Chinese counterparts in Switzerland later this week. These talks signal a positive direction for economic relations between the two superpowers.
This morning, both the Hong Kong and Chinese stock indices responded positively to these factors, increasing by +1.67% and +0.6%, respectively. The Thai stock market is expected to benefit from this psychological investment boost, particularly in stocks representing the “China Play,” which derive benefits from trade with China, including SCC, IVL, PTTGC, and SCGP.
KSS advises a focus on the petrochemical sector, bolstered by improved spreads. The HDPE-Naphtha spread has recovered by 4.5%, nearing $400 per ton, providing a positive aspect for SCC, which has a price target of THB 175 for 2025.
Similarly, the PET spread’s recovery of 10% benefits IVL, with a target price of THB 24. Meanwhile, packaging stock SCGP is supported by a trend of recovering orders, with a target price set at THB 16.
