1) SET Index Roundup
Thailand’s SET Index closed at 1,273.77 points, down by 1.05 points or 0.08%, with a trading value of 38,508.08 million baht. Analysts indicated that the Thai stock market moved sideways, alternating sectors to trade. The standout gainers were AOT and PTT, which benefited from specific positive factors, as well as the TISA project, which is expected to drive capital inflows into high-dividend stocks. The outlook for next week predicts sideways movement, with close attention needed on political developments. The support level is set at 1,270 points and resistance at 1,290 points.
2) Takaichi’s Softer Tone
Japanese Prime Minister Sanae Takaichi seemed to be backing down from her hard-line stance as she informed the parliament on Wednesday that the Japanese government’s position about Taiwan remained aligned with the 1972 Japan-China Joint Communique. Some interpreted her statements as a retreat from previous tough talk, others suggested that greater clarification is still required from Tokyo.
3) Analysts Revised Target for AOT
Airports of Thailand (SET: AOT) is gaining altitude in the eyes of major analysts as a wave of concession renegotiations and a higher-than-expected passenger service charge (PSC) boost begin to reshape the company’s growth outlook. Finansia Syrus Securities, Morgan Stanley, Maybank Thailand and Bualuang Securities were all positive on AOT with a revised up target price.
4) Nvidia Dodges Chip Restriction Act
The share price of Nvidia is set to open higher on Thursday, following the positive sentiment after lawmakers in the United States chose not to include a proposal that would have restricted the company’s ability to export advanced AI chips to China.
The proposed measure, known as the Guaranteeing Access and Innovation for National Artificial Intelligence (GAIN AI) Act, aimed to mandate semiconductor manufacturers—such as Nvidia and Advanced Micro Devices Inc.—to prioritize American purchasers for their high-performance AI chips before making them available to countries under US arms embargoes.
