On Friday at 11:01 AM (Bangkok time), the share price of PTT Global Chemical Public Company Limited (SET: PTTGC) rose by 2.86% or THB 0.75 to THB 27.00, with a trading value of THB 354.85 million.
Indorama Ventures Public Company Limited (SET: IVL) increased by 0.91% or THB 0.20 to THB 22.10, with a trading value of THB 115.81 million.
The Siam Cement Public Company Limited (SET: SCC) surged by 1.40% or THB 3.00 to THB 217.00, with a trading value of THB 280.58 million.
Krungsri Securities (KSS) noted that the ‘Global Plays’ stocks are currently attracting market attention due to expectations of positive developments in upcoming U.S.-China trade negotiations next week.
Additionally, China’s anti-involution policy, which aims to reduce industrial supply, is providing further support. In the near-term, the brokerage firm sees the domestic market environment as highly uncertain and short-term investors may prefer global-themed stocks.
The analyst maintains a positive outlook for PTTGC in the second half of 2025, expecting a recovery from the first half despite refinery shutdowns, supported by a reduction in stock losses, a boost in ethane feedstock, easing petrochemical oversupply, and lower fixed costs.
In terms of valuation, PTTGC is currently trading at around 0.4x PBV25F, which is lower than the levels seen during the COVID pandemic.
