SET: H2 Outlook

The Thai stock market in the second half of the year looks quite challenging. Global interest rates remain high, inflation continues to be a pressure, and domestically, political factors need to be monitored. Purchasing power has not fully recovered. Export-oriented stocks may benefit from the currency exchange rate, but the slowdown in international demand needs to be watched. Energy stocks like $PTTEP, $TOP still look promising with oil prices. As for banking stocks like $BBL, $KBANK, they might benefit from rising interest rates, but NPLs are a long-term risk. Those holding long-term positions will need patience, while short-term traders must be careful with leverage. In a sideways market like this, the chance of being wrong is high.