Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, stated in “Kaohoon” program on October 24, 2025, that the Thai stock market saw a significant foreign inflows on Wednesday worth more than THB 4 billion in total, which generated positive momentum that lifted the Stock Exchange of Thailand Index above 1,300 points.
The analyst expected that this momentum will continue into next week, supported by the federal reserve’s meetings that are likely to result in rates cut, the talk between U.S. President Donald Trump and Chinese President Xi Jinping, and the increase of oil price that will expand Thailand’s energy market cap.
As for the development in the banking sector, financial institutions have reported in-line performance amid weakening economic backdrop, leading to lower loan allowance and non-performing loans (NPL). Amid easing policy rate cycle, Mr. Kantara sees limited upside to capital gain in banking stocks, thus he recommended accumulating banks for dividend instead.
Mr. Kantara also noted that Thailand’s economy is likely to enter the long-term stimulus period to recover from a weak economy as the current government imposed several measures, including the “Half-Half” scheme. Furthermore, during the election period, several political parties will make various campaigns, boosting the market even further. The new government will also boost sentiment.
Mr. Kantara’s strategy for investors is to accumulate shares once the government dissolves and take profit after the formation of a new government. He also pointed out that current stimulus programs stand to benefit domestic consumption stocks, with projecting notable upside over the next six months.
Among specific recommendations, Mr. Kantara named CP ALL PCL (SET: CPALL), Ichitan Group PCL (SET: ICHI), Krung Thai Bank PCL (SET: KTB), Muangthai Capital PCL (SET: MTC), and Synnex (Thailand) PCL (SET: SYNEX) as attractive picks as they belong to the consumption sector or sector that benefit from interest cut.
