Siam Cement's 2Q net profit is expected to be strong, driven by recoveries at SCG Chemical and SCG Packaging, according to UOB Kay Hian's Benjaphol Suthwanish. SCG Chemical's earnings should benefit from improved spreads for high-density polyethylene, polypropylene, and polyvinyl chloride. SCG Packaging's performance is anticipated to improve with higher selling prices and increased sales volumes. UOB Kay Hian forecasts a 56% quarterly growth in Siam Cement's 2Q net profit and has raised the stock's target price to 320.00 baht.

Gold prices declined in early Asian trade, likely due to rising global bond yields, as noted by Eleonex's Stefan Arsenovic. Renewed Middle East tensions may have boosted oil prices and inflation concerns, strengthening expectations for tighter monetary policy. Investors are awaiting U.S. inflation and labor market data, as well as Federal Reserve commentary. Spot gold fell 0.2% to $3,992.90 an ounce.

Forrestania Resources' acquisition of the Edna May mine from Ramelius Resources provides a path to over 200,000 oz of gold annually within 12-18 months, according to Bell Potter. This projection relies on the successful commissioning of the Edna May and Lake Johnston processing plants. Bell Potter maintains a speculative buy rating on Forrestania and raised its price target to A$1.25 per share.