Thai stock market expected to trade in 1,600–1,630 SET range with outperformance potential vs. global markets, driven by elevated energy/petrochemical stocks amid oil prices at $100–109/barrel. However, US PPI exceeded forecasts (5.4% YoY), pushing Fed rate-hike odds to 71%, creating headwinds for growth stocks and bond yields. Investors should monitor US CPI tonight and remain cautious on electronics stocks (DELTA, HANA, KCE), while favoring energy plays (PTT, PTTEP, PTTGC, TOP) and financial stocks (BBL, KBANK, SCB) positioned to benefit from higher yields.