Thai stock market expected to trade in 1,600–1,630 point range today. Tech stocks may recover on semiconductor strength following US PPI data weakness and CME FED hawkish pivot easing to 65% probability for September hold (down from rate hike expectations). Domestic tailwind from strong Q2 corporate earnings (CPALL, MEGA, PLANB, SC, TIDLOR report YoY profit growth) supporting valuations at 14.8x forward PE. Investment strategy highlights profit leaders: MEGA, CPALL, CENTEL, MINT, MTC, THAI, TACC plus non-bank financials positioned to benefit from falling yields.