Brokers Highlight Value Stocks Amid Shifting Investment Trends in Thai Bourse

published 38 d ago · en · source ↗

Affected tickers

ADVANC BBL BDMS BGRIM BH BLA GLOBAL GULF KBANK KTB LH LHHOTELLEASE SCB

Per-ticker News Sentiment Indicator

ADVANCother · positive · med
Asia Plus Securities has selected Advanced Info Service Public Company Limited (SET: ADVANC) as one of the outstanding stocks in the current market environment.
BBLmacro · positive · med
Asia Plus Securities identifies BBL as a stock that benefits from high bond yields amid a broader market rotation into value and financial sector assets.
BDMSother · positive · med
Asia Plus Securities identified BDMS as an outstanding defensive stock amid a broader market rotation toward value-oriented sectors.
BGRIMother · positive · med
Asia Plus Securities identifies BGRIM as a defensive stock, suggesting it as a favorable option during the current sector rotation toward value-oriented assets.
BHother · positive · med
Asia Plus Securities identifies BH as a defensive stock benefiting from a sector rotation trend toward value assets in the Thai market.
BLAother · positive · med
Asia Plus Securities identified BLA as an outstanding stock that benefits from high bond yields as investors rotate into value-oriented sectors.
GLOBALother · neutral · high
The article discusses broad market trends and specific stock recommendations but does not mention GLOBAL or provide information directly impacting the company.
GULFother · positive · med
Analysts from Asia Plus Securities and TISCO Securities identified GULF as a defensive stock and a growth stock with attractive upside potential amid current market trends.
KBANKmacro · positive · med
Asia Plus Securities identifies KBANK as a stock that benefits from high bond yields amid a broader shift toward value stocks in the Thai market.
KTBother · positive · med
Analysts highlight KTB as a beneficiary of high bond yields and a defensive dividend stock, supporting its attractiveness amid current market volatility.
LHother · neutral · high
The article discusses broad investment trends and sector rotation but does not mention Land and Houses Public Company Limited (LH) in its analysis or recommendations.
LHHOTELLEASEother · positive · med
Asia Plus Securities identified LHHOTEL as a preferred Real Estate Investment Trust (REIT) amid a broader market rotation into value-oriented assets.
SCBmacro · positive · med
Asia Plus Securities identifies SCB as a stock that benefits from high bond yields amid a broader shift toward value stocks in the Thai market.

Article body

Therdsak Thaveeteeratham, Deputy Managing Director of Asia Plus Securities (ASPS), revealed that the current investment trend is seeing fund outflows from high-growth stocks, such as the technology, semiconductor, artificial intelligence, and cryptocurrency groups, toward value stocks and safe haven assets, such as those in the medical and financial sectors. Therefore, the analyst recommends sector rotation into safe value stocks, which can be divided into three main groups: 1. The defensive stocks, such as Bangkok Dusit Medical Services Public Company Limited (SET: BDMS ), Bumrungrad Hospital Public Company Limited (SET: BH ), B.Grimm Power Public Company Limited (SET: BGRIM ), and Gulf Development Public Company Limited (SET: GULF ). 2. Stocks that benefit from high bond yields, including Bangkok Bank Public Company Limited (SET: BBL ), Krung Thai Bank Public Company Limited (SET: KTB ), Kasikornbank Public Company Limited (SET: KBANK ), SCB X Public Company Limited (SET: SCB ), Bangkok Life Assurance Public Company Limited (SET: BLA ), and Thai Life Insurance Public Company Limited (SET: TLI ). 3. Real Estate Investment Trusts (REITs), such as Digital Telecommunications Infrastructure Fund (SET: DIF ), 3BB Internet Infrastructure Fund (SET: 3BBIF ), and LH Hotel Leasehold Real Estate Investment Trust (SET: LHHOTEL ). Moreover, ASPS has selected Advanced Info Service Public Company Limited (SET: ADVANC ), BLA, and BDMS as outstanding stocks. In addition, the securities firm recommended diversifying into the Japanese semiconductor sector through DR JPSEMI24, which is an ETF linked to global players such as Lasertec and Tokyo Electron, who hold technological advantages in the semiconductor supply chain. The global stocks of interest for the day include GSUS06 and UNH19 as well. Therdsak further stated that the government has implemented economic stimulus measures to ease the cost of living for citizens through the “Thai Chuay Thai Plus” program, granting each eligible person up to THB 4,000. This program covers 30 million recipients and will run for four months (June 1 – September 30, 2026). The initiative injects as much as THB 120 billion into the economy and is expected to increase Thailand’s GDP by 0.5%-0.6%. The launch has been highly successful, as the total spending in the first three days has already exceeded THB 7 billion. Apichat Poobunjirdkul, CISA, Senior Strategist at TISCO Securities (TISCO), stated that investment trends for the second half of the year remain uncertain. The analyst set a key support level for the Thai stock market index in June at around 1,510 – 1,530 points and a key resistance level at 1,580 and 1,600 points. Thus, he recommends diversifying into the three following groups: 1. Growth stocks with attractive upside potential, such as Central Retail Corporation Public Company Limited (SET: CRC ) and GULF. 2. Commodity stocks, which help hedge against inflation, such as PTT Exploration and Production Public Company Limited (SET: PTTEP ) and Siam City Cement Public Company Limited (SET: SCCC ). 3. Dividend stocks with more than 5% yield to manage market volatility, such as KTB and Mega Lifesciences Public Company Limited (SET: MEGA ). Additionally, a stock with positive specific factors for June is Mr. D.I.Y. Holding (Thailand) Public Company Limited (SET: MRDIYT ), which is anticipated to be included in the SET50 index during the second half of the year.