Krungsri Securities reports that Thai stocks are expected to rise today, May 13, 2025, with the SET index targeting resistance at 1228-1235 points and support at 1200-1195 points. This positive outlook is driven by favorable conditions for risky assets. 

1. The U.S. and China have reached a trade tariff agreement. The U.S. will reduce import tariffs on Chinese goods to 30% (from a previous rate of 145%), while China will levy a 10% tariff on U.S. goods (down from 125%) for a temporary period of 90 days. This agreement is expected to mitigate downside risks to the U.S. economic outlook, including the risk of recession. The 10-year U.S. Treasury yield has increased by 8 basis points, and the Dollar Index is strengthening. China is also aiming to maintain its economic growth target of 5% +/-. Consensus forecasts had previously been lowered due to the imposition of significant trade tariffs.

2. Oil prices responded positively, averaging a 1.6% increase, which is expected to support upstream energy stocks (10-11% of market capitalization).  

3. India and Pakistan reached a ceasefire agreement and reopened their airspace for travel, which is positive for the tourism, aviation, and service sectors. 

4. First-quarter 2025 market earnings have been reported for 177 out of 694 companies, presenting a positive outlook, exceeding expectations by 1.1%. Stocks with earnings that were better than expected or in line with expectations represent 67.3% of stocks with forecasts. Recently, TRUE, TOP, NER, and MOSHI have shown outstanding profits. Today, CPALL, GFPT, and MTC are worth monitoring. 

Overall, the SET is expected to increase today, led by stocks in the Reopening Trade theme (Technology, Agriculture, China Plays, Logistics), stocks benefiting from reduced economic downside risk (Banking, Upstream Energy), service sector stocks (Tourism, Aviation, Retail), and stocks with strong Q1/2025 earnings or earnings forecasts.

Today's recommendations: PTT, SCC, TRUE