On Monday at 11:47 AM (Bangkok time), the share price of Minor International Public Company Limited (SET: MINT) added 3.60% or THB 0.80 to THB 23.00, with a trading value of THB 1.04 billion.
The Erawan Group Public Company Limited (SET: ERW) rose by 0.69% or THB 0.02 to THB 2.90, with a trading value of THB 51.96 million.
Central Plaza Hotel Public Company Limited (SET: CENTEL) increased by 3.68% or THB 1.25 to THB 35.25, with a trading value of THB 120.20 million.
S Hotels and Resorts Public Company Limited (SET: SHR) grew by 2.55% or THB 0.04 to THB 1.61, with a trading value of THB 2.31 million.
DAOL Securities (Thailand) wrote that there were indications that the United States and Iran have reached a peace agreement, with a formal signing scheduled to take place in Switzerland on Friday, June 19, 2026. According to Bloomberg, no official statements have yet been issued by either side.
However, Reuters reports that senior Iranian officials revealed the final draft of the memorandum of understanding (MOU) with the U.S. covers a wide range of issues, from Iran’s nuclear activities to the reopening of the Strait of Hormuz, and the potential lifting of U.S. oil sanctions. The two parties will negotiate the final agreement within 60 days after mutual consent.
Referring to Reuters, the main conditions of the MOU include Iran agreeing to immediately reopen the Strait of Hormuz for all types of commercial shipping, while the U.S. will lift its maritime blockade of Iranian ports. The cessation of the U.S. blockade will begin immediately after the signing of the MOU and is expected to be completed within 30 days.
Other key terms include the U.S. agreeing not to impose any new sanctions on Iran until a final agreement is reached. The U.S. is also set to suspend its oil sanctions against Iran for a specified period, permitting Iran to sell oil and receive income. Following the final agreement, all U.S. and United Nations (UN) sanctions against Iran will be lifted according to an agreed timeline.
The MOU further specifies areas for negotiation within the next 60 days, such as the development and rehabilitation plan for Iran—with support from the U.S. and regional allies—Iran’s nuclear program, uranium enrichment activities, and mechanisms for managing Iran’s stockpile of highly enriched uranium.
DAOL maintains its view that oil prices are likely to normalize in the second quarter of 2026, with expectations that the prices will begin to stabilize as negotiations to end the conflict progress, in line with the previous outlook.
Nevertheless, the brokerage continues to forecast high short-term volatility in oil prices due to ongoing uncertainties in the negotiation process, maintaining its assumption of an average Dubai crude price this year at $85 per barrel. This morning, Brent crude futures fell by 4-5%, trading in the range of $83-84 per barrel.
The SET Index is expected to continue its upward trend, following a 1.3% increase to 1,592.4 points on June 12, 2026, fueled by optimism over the U.S.-Iran peace talks. Meanwhile, Asian equity markets climbed by 4-5% in early trading on Monday, which may signal further gains for the SET Index.
DAOL is positive on sectors and fundamentally strong stocks that had previously declined due to war-related news. Sector-wise, there is a favorable outlook for the tourism sector, viewing it as neutral, but noting that a peaceful resolution supports increased travel.
Stocks likely to benefit include CENTEL (still recommending ‘Buy,’ target price THB 37.00), ERW (‘Buy,’ target price THB 3.20), MINT (‘Buy,’ target price THB 26.00), and SHR (recommending ‘Hold,’ target price THB 1.80).
