Asia Plus Foresees Thai Market Recovery as Middle East Conflict Nears Resolution

published 3 d ago · en · source ↗

Affected tickers

AAV BBL BDMS BGRIM BH CBG CENTEL ERW GLOBAL GPSC GULF MINT MTC SCC SCGP TIDLOR

Per-ticker News Sentiment Indicator

GLOBALmacro · positive · med
The potential resolution of the Middle East conflict and declining oil prices are expected to support a recovery in the commerce sector, which benefits GLOBAL.
GPSCmacro · positive · med
GPSC is identified as a stock that will benefit from declining energy costs as the Middle East conflict nears resolution and oil prices fall.
MINTmacro · positive · med
MINT is expected to recover as the resolution of the Middle East conflict leads to lower oil prices and improved economic conditions.
BGRIMmacro · positive · med
BGRIM is identified as a stock with declining costs and surging profits due to the expected resolution of the Middle East conflict and declining oil prices.
BHmacro · positive · med
The resolution of the Middle East conflict and declining oil prices are expected to support the recovery of the healthcare sector, including Bumrungrad Hospital (BH).
CBGmacro · positive · med
Asia Plus identifies CBG as a beneficiary of declining oil prices and reduced energy costs as the Middle East conflict nears resolution.
BBLmacro · positive · med
Asia Plus Securities identifies BBL as a beneficiary of the potential resolution of the Middle East conflict and the subsequent decline in oil prices.
CENTELmacro · positive · med
CENTEL is expected to benefit from the resolution of the Middle East conflict and declining oil prices, which are projected to support economic recovery and tourism.
SCGPmacro · positive · med
SCGP is expected to benefit from declining energy costs as the Middle East conflict nears resolution, which is projected to lower operational expenses and boost profitability.
BDMSmacro · positive · med
BDMS is expected to recover alongside the broader economy and purchasing power as geopolitical tensions in the Middle East ease and oil prices decline.
ERWmacro · positive · med
The potential resolution of the Middle East conflict and declining oil prices are expected to support the recovery of the tourism sector, including ERW.
TIDLORmacro · positive · med
TIDLOR is expected to recover in line with the economy and purchasing power as geopolitical tensions in the Middle East ease and oil prices decline.
AAVmacro · positive · med
Asia Plus identifies AAV as a beneficiary of declining oil prices and the potential resolution of the Middle East conflict, which is expected to lower operating costs.
GULFmacro · positive · med
The easing of Middle East tensions and declining oil prices are expected to reduce costs and boost profits for GULF.
SCCmacro · positive · med
The potential resolution of the Middle East conflict and declining oil prices are expected to support a recovery in the Thai market, benefiting companies sensitive to energy costs.
MTCmacro · positive · med
MTC is expected to recover in line with the economy and purchasing power as the Middle East conflict nears resolution, potentially easing inflationary pressures.

Article body

Asia Plus Securities has laid out investment strategies for the trading session on Thursday, with recommendations under the theme “Open the City, Open the Portfolio, New Accumulation Round.” Recommended stocks include SCG Packaging ( SCGP ), Bangkok Bank ( BBL ), and Central Plaza Hotel ( CENTEL ), which are business groups that will directly benefit from the resolution of the Middle East war and declining oil prices. For the group with declining costs and surging profits, the leading stocks are Gulf Development ( GULF ), B.Grimm Power ( BGRIM ), Global Power Synergy ( GPSC ), Carabao Group ( CBG ), SCGP, Asia Aviation ( AAV ), and Bangkok Airways ( BA ). This is accompanied by the group expected to recover in line with the economy and purchasing power, which includes Minor International ( MINT ), CENTEL, The Erawan Group ( ERW ), Bangkok Dusit Medical Services ( BDMS ), Bumrungrad Hospital ( BH ), Tidlor Holdings ( TIDLOR ), and Muangthai Capital ( MTC ). The main support factor is from U.S. President Donald Trump’s disclosure that negotiations with Iran are entering their final phase, along with expectations that the Strait of Hormuz will return to normal operations. As a result, cargo vessels from China and South Korea have begun to gradually resume passage through the Strait. These factors have pressured the price of BRENT crude oil to sharply decline by 6%, while the yield on 10-year U.S. Treasury bonds decreased to 4.60%, representing a positive factor supporting U.S. stock markets to rise by more than 1%. Regarding the Thai stock market, since the onset of the Middle East war in February 2026, sectors dependent on energy costs have fallen more sharply than the market as a whole. The tourism sector dropped by 16.5%, healthcare by 15.0%, commerce by 8.5%, transport by 6.9%, and food by 4.4%. However, with signs that the war is nearing its end and oil prices beginning to ease, the brokerage referenced statistics from the Russia–Ukraine war in 2022, finding that within a month after oil prices peaked, sectors associated with basic consumption and transportation were able to recover and outperform the market with stronger momentum. This led to an expectation that a similar pattern could emerge. On another front, as for the government’s cancellation of the 60-day visa-free measure and reinstatement of the previous policy, the anticipated impact is expected to be limited.