Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, stated in the “Kaohoon” program on October 31, 2025, that the meeting between the U.S. President Donald Trump and Chinese President Xi Jinping did result in moderate positive outcomes. Despite the talks fail to boost the U.S. market yesterday, Mr. Kantara stated that it could generate positive sentiment that supports the Stock Market of Thailand (SET) after witnessing volatility in the previous session.
Yesterday morning, the selling pressure on Delta Electronics (Thailand) PCL (SET: DELTA) impacted the index significantly. However, the market made a V shape recovery following the push from the banking sector with SET Index close nearly flat at 1,314.65 points, a 0.08% decrease.
Regarding the poor trading performance among the small cap stocks, Mr. Kantara stated that investors are currently focusing on large-cap stocks, such as those in the SET50. Once those stocks are fully valued, investors will likely shift their attention to the other stocks, such as those in SET100 then small cap, which has room to advance.
Although there are several positive developments as of late, such as the stimulus measures the current government administration implemented and the upgrade of Thailand’s 2025 growth forecast, Mr. Kantara noted that the main concern that affects the movement in SET is the foreign investors as Thai investors often follow their trading behaviors. The market needs positive flow to lift the index.
Mr. Kantara also estimated that this year’s support and resistance levels for SET will be 1,290 – 1,300 points and 1,330 – 1,340 points, respectively. However, he added that since the overall third quarter earnings results are estimated to be moderate, the annual index target and fourth-quarter overall forecast might be revised if companies report stronger-than-expected results for the quarter.
Finansia Syrus advised investors to focus on the domestic consumption sector, citing the government’s “Khon La Khrueng Plus” stimulus campaign as a key economic driver. On stock picks, Mr. Kantara recommended the Siam Cement PCL (SET: SCC), highlighting the season of heightened home improvement and construction activity. He also noted that SCC has bottomed out, indicating further upside potential.
