Globlex Securities sees Thai stocks moving sideways downward this week, ranging between 1,250 and 1,300 points, as the Fed cuts interest rates and inflation remain a concern.

Globlex Securities estimates the Thai stock index will move sideways downward this week, within a range of 1,250-1,300 points, due to the Fed's interest rate cut outlook, as inflation remains a concern. They recommend speculating on BAM, KBANK, CHAYO, and JMT, bolstered by the BoT's policy of opening the way for the establishment of an AMC joint venture.

17 November 2568 Ms. Wilawanee Boonmasungsong, Assistant Managing Director, Globlex Securities Co., Ltd. or GBS The Stock Exchange of Thailand (SET) Index is expected to move sideways down this week, pressured by investors' reduced expectations of a US Federal Reserve (FED) interest rate cut after Fed officials expressed concerns about inflation and differing views within the organization.

Regarding domestic factors, investors are closely monitoring the release of water from the Chao Phraya Dam, which may impact short-term investment market confidence. The SET Index is expected to trade within a range of 1,250-1,300 points throughout this week.

The key factor influencing investment trends in the Thai stock market this week remains international factors. US President Donald Trump has signed a temporary budget bill to end the longest federal government shutdown in the country's history, marking a significant resolution to the crisis that has had widespread economic and public impacts.

The Thai government is closely monitoring the unrest between Thailand and Cambodia after the Prime Minister and Minister of Commerce expressed concerns about the conflict, which could impact trade negotiations between Thailand and the United States. The latest developments include the US request to temporarily suspend negotiations on the framework of a bilateral trade agreement between Thailand and the United States until Thailand complies with the Declaration of Peace, as well as the Supreme Court's ruling on whether President Donald Trump has the legal authority to use emergency powers to impose broad tariffs on trading partners worldwide.

Regarding domestic economic stimulus measures, the Alcoholic Beverage Committee has approved the lifting of restrictions on the sale of alcohol and beer between 2:00 PM and 5:00 PM. An announcement from the Prime Minister's Office is expected within the next 15 days. This measure is seen as supporting the tourism sector, particularly during the holiday season when tourists flock to the area.

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

• In the third week, the FTI announced the Industrial Confidence Index. The FTI announced the production and export figures for automobiles, motorcycles, and automotive parts.
• On November 17, the National Economic and Social Development Board announced the GDP figures for the third quarter of 2025 and the outlook for 2025.
• In the fourth week, the Ministry of Commerce announced the international trade situation, the Office of Industrial Economics announced the industrial production index, the Office of the National Economic and Social Development Board reported on the fiscal economic situation, the regional economic situation, and the index of confidence in the future of the regional economy.

As for foreign factors that are still being monitored such as

• On November 17, Japan reported its 3Q68 GDP figures (preliminary estimate) and September industrial production figures (final estimate), while the US reported its November manufacturing index.
• On November 18th, the US reports weekly private sector employment figures, October import and export prices, October industrial production, and the November housing market index.
• November 19, US weekly oil inventories report
• On the morning of November 20, the Federal Open Market Committee (FOMC) released minutes of its meeting.

Mr. Watcharin Chongyonyong, Director of Research, Globlex Securities Recommended investment strategies for BAM–KBANK–CHAYO–JMT stocks, benefiting from the BoT's policy paving the way for the establishment of an AMC joint venture.

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