On Monday at 11:45 AM (Bangkok time), the share price of Sea Oil Public Company Limited (SET: SEAOIL) jumped by 10.86% or THB 0.38 to THB 3.88, with a trading value of THB 24.48 million.
Thoresen Thai Agencies Public Company Limited (SET: TTA) increased by 2.00% or THB 0.10 to THB 5.10, with a trading value of THB 47.78 million.
Prima Marine Public Company Limited (SET: PRM) advanced by 2.55% or THB 0.20 to THB 8.05, with a trading value of THB 122.94 million.
Sino Logistics Corporation Public Company Limited (SET: SINO) surged by 3.45% or THB 0.03 to THB 0.90, with a trading value of THB 112,870.
Precious Shipping Public Company Limited (SET: PSL) gained 4.52% or THB 0.35 to THB 8.10, with a trading value of THB 103.62 million.
Trinity Securities notes that stocks related to the shipping sector are likely to benefit from the ongoing volatility and heightened tensions in the Middle East, which continue to escalate. The chaos in supply chains, especially if the Strait of Hormuz is closed, alongside a prolonged standoff, will push up freight rates as well as transportation insurance costs.
These factors are expected to support the shipping sector in the short term. However, investors should remain cautious of volatility; should the conflict be resolved and the situation return to normal, there may be selling pressure on shipping stocks. In the near term, the brokerage recommends a ‘speculative’ strategy.
