Globlex Securities says Thai stocks are volatile, Trump's 36% tax rate puts pressure on global economy, recommends 4 safe haven stocks

Globlex Securities estimates that Thai stocks will continue to adjust downward this week after Trump announced that Thailand will be subject to a 36% tariff, unchanged from the level announced on April 2, which will pressure investor confidence in its ability to compete in the world trade arena. Therefore, the index range for this week is set at 1,000-1,130 points. It recommends investing in defensive stocks as a safe haven during a stock market downturn, highlighting ADVANC-PR9-TISCO-BGRIM as prominent.

July 8, 2568 Ms. Wilawanee Boonmasungsong, Assistant Managing Director, Globlex Securities Co., Ltd. or GBS The movement range of the Thai stock market index this week is likely to adjust downward due to pressure from US President Donald Trump who announced that at least 14 countries will be charged with tariffs starting from August 1st, with some countries being charged at higher rates. For Thailand, the tariff rate will be 36%, unchanged from the level that President Trump announced on April 2nd, affecting investors' confidence in their ability to compete in the world trade arena. The index range this week is expected to be 1,000-1,130 points.

Geopolitical factors still need to be monitored, although US President Donald Trump revealed in a telephone conversation with Russian President Vladimir Putin that there had been no progress whatsoever on the conflicts in Iran and Ukraine, and the US government announced new sanctions targeting Iranian oil smuggling networks and financial institutions controlled by Hezbollah.

In addition, it is also necessary to monitor domestic factors that may affect investment. such as

• On July 8 and 15, the Supreme Court scheduled the examination of witnesses in the 14th floor case.
• July 8: Cabinet meeting; July 9: Summary report of the Monetary Policy Committee (MPC) meeting
• Week 2: The Thai Capital Market Business Association announced the results of the investor confidence index survey and updated investment situation, the University of the Thai Chamber of Commerce announced the consumer confidence index, the Thai Chamber of Commerce confidence index
• Week 3: FTI announces industrial confidence index
• Week 4: FTI announces production and export figures for automobiles, motorcycles and automotive parts; Ministry of Commerce announces international trade conditions; Office of Industrial Economics announces industrial production index
• August 13, 4 MPC meeting scheduled for No. 2568

As for foreign factors such as

• Today, July 8, Japan reports May current account balance, US reports June consumer inflation expectations.
• July 9: China reports June CPI and PPI; US reports May wholesale inventories and weekly oil inventories
• On the morning of July 10, the Fed released the minutes of its June 17-18 meeting.
• July 10: Japan reports June Producer Price Index (PPI); US weekly jobless claims
• July 12: China reports June imports, exports and trade balance
• July 29-30, 4/68 Federal Reserve Meeting

Mr. Watcharin Chongyonyong, Director of Research, Globlex Securities We recommend a strategy for investing in low-risk stocks (Defensive Stock), which are stocks that are affected by highly uncertain economic factors. The safe haven stocks that are worth investing in as an alternative to meet the needs in such a situation are ADVANC, PR9, TISCO, and BGRIM.

sideMr. Natthawut Wongyaowarak Director of Research, Globelex Securities It is estimated that the price of gold has a chance to move volatility from the uncertainty of the trade war. President Trump, the leader of the United States, revealed that at least 14 countries will be charged tariffs starting from August 1, with some countries being charged higher rates. If any country has not reached a trade agreement with the United States, it will be charged import tariffs at the rate announced on April 2, which will be effective on August 1.

As the US released stronger-than-expected employment figures, investors have revised down their expectations for the Fed to cut interest rates twice this year from three, which has put pressure on gold prices. Therefore, we see the gold range this week at $2 - $3/oz. Speculate within the range.

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