Globlex Securities sees Thai stocks as "volatile" in September, with political pressure exerting significant pressure. They recommend monitoring both domestic and international factors.

Globlex Securities assesses Thai stocks for September, predicting high volatility due to pressure from domestic political factors. Following the Constitutional Court's order for the Prime Minister to cease performing his duties and the removal of the entire Cabinet, this situation could lead to a short-term political overhang. Tensions between the United States and Venezuela, U.S. trade policy, and global economic uncertainty are also being closely monitored.

2 September 2568 Ms. Wilawanee Boonmasungsong, Assistant Managing Director, Globlex Securities Co., Ltd. or GBS The index's movement framework in September 2568 is assessed as likely to fluctuate due to pressure from the Constitutional Court, which has ordered the Prime Minister to cease performing his duties and for the entire Cabinet to be removed from office, resulting in a short-term political overhang. The research team expects the index to range between 1,200 and 1,280 points.

As the global geopolitical and economic uncertainties continue to impact stock market investments this month, the US government under President Donald Trump announced the permanent cancellation of de minimis tariff exemptions for packages valued at less than $800, resulting in all imported packages being subject to normal tariffs. Tensions between the US and Venezuela have escalated after the US Navy deployed a large fleet of warships to the southern Caribbean Sea, citing the US's goal of suppressing drug trafficking in the Latin American region.

Japan's final manufacturing PMI for August came in at 49.7, an improvement from 48.9 in July, but still below the 50-level threshold for contraction for the second consecutive month. While the rate of contraction in factory output slowed, overall new orders continued to decline at the same rate as the previous month, reflecting continued sluggish market conditions.

In addition Domestic factors that may affect investment must also be monitored. such as

• September 3rd, meeting of the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB)
• September 3-5 is expected to be the prime ministerial election period.
• On September 4, the Stock Exchange of Thailand (SET) announced a summary of the overall situation of the stock market.
• Week 2: The Thai Capital Market Business Association announced the results of the investor confidence index survey and updated the investment situation. The University of the Thai Chamber of Commerce announced the consumer confidence index and the Thai Chamber of Commerce confidence index.
• Week 3: The Federation of Thai Industries announced production and export figures for automobiles, motorcycles, and automotive parts.
• Week 4: The Federation of Thai Industries announced the Industrial Confidence Index.
• Week 5: The Fiscal Policy Office reports on the fiscal economic situation, regional economic situation, the Regional Economic Confidence Index, and the Office of Industrial Economics (OIE) announces the Industrial Production Index.
• On September 30, the end of the third quarter of 3, the Bank of Thailand (BOT) reported on the Thai economic and financial situation. In September, the Monetary Policy Committee (MPC) did not schedule a meeting, but the 2568th MPC meeting of 5 was scheduled for October 2568.

As for foreign factors that are still being monitored such as

• On September 2, the EU reports its preliminary inflation rate for August, the US releases its final August Manufacturing Purchasing Managers' Index (PMI), the August Manufacturing Index, and July construction spending.
• On September 3, the US reported July Job Openings and Labor Turnover (JOLTS) figures and July Factory Orders.
• On the morning of September 4th, the US Federal Reserve released its Beige Book.
• On September 4th, the US reported August private sector payrolls and August service sector index.
• September 16-17, 6/68 Federal Reserve Meeting

Mr. Watcharin Chongyonyong, Director of Research, Globlex Securities We recommend investing in stocks for September that will benefit from the iPhone 17 launch, which is rumored to be on September 9th. This will directly benefit retail and IT distribution stocks, including ADVICE, COM7, SYNEX, SPVI, JMART, and CPW.

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