Mr. Gun Hathaisattha, Chief Investment Strategist and Economist of the Research Division at CGS International (CGSI) Securities (Thailand), stated in the “Kaohoon” program on November 07, 2025, that the Stock Exchange of Thailand (SET) Index is likely to drop due to the concern about AI bubble, creating volatility in foreign indexes.
The concern happened after Mr. Michael Burry, a renowned investor, purchased put options on Nvidia Corp. and Palantir Technologies Inc., betting that their share prices would go down. Mr. Gun stated that this development has weighed on U.S. indexes and estimated that the share of Delta Electronics (Thailand) PCL (SET: DELTA) would fall along with it, dragging SET Index down as well.
Regardless, CGSI Securities estimated that DELTA will have a strong growth in the fourth quarter and the first half of next year, citing strong purchase orders in the next six months.
Mr. Gun also added that due to the volatility in the tech sector and the undervalue view on the hospital sector, Advanced Info Service PCL (SET: ADVANC), True Corporation PCL (SET: TRUE), Krungthai Bank PCL (SET: KTB), and Kiatnakin Phatra Bank PCL (SET: KKP) can be viewed as defensive stocks.
He also recommended shares from the power plant sector due to growing profit following the appreciation of Thai baht. For specific stocks, Mr. Gun recommended Gulf Development PCL (SET: GULF). Yesterday, the company reported that its third quarter core profit has reached an all time high of THB 7.28 billion.
