Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, stated in “Kaohoon” program on November 28, 2025, that the slowdown in the trading volume yesterday was due to uncertainties that dim investors’ confidence.
The analyst added that solving the flooding issue in the southern region could help gain market confidence. Mr. Kantara stated that this incident is weakening the tourism industry and affecting the nation’s GDP growth, but by about 0.1 – 0.5 percentage point, a moderate level. He noted that the recovery phase has begun as the water level is dropping, while pointing out a positive sentiment regarding the budget allocation for flood relief.
As for the political movement, Mr. Kantara stated that it had been a main factor that drove the Stock Exchange of Thailand (SET) Index and he estimated that it could push the market index to 1,300 points. Still, it has become uncertain whether the Thai parliament will dissolve this December as the flood crisis dim people’s confidence in the current government. The dissolution at this moment could lead to a disadvantage in the upcoming election.
Mr. Kantara estimated that the current government will increase the imposition of stimulus measures significantly, especially in the southern region. If it is successful and regains the popularity of the party, the dissolution may happen within 2025. He also noted that it is unlikely that the dissolvement will happen after January next year as the opposition, which holds the majority of the lower house, is pushing for the vote of no confidence.
This December, the SET Index is expected to receive positive sentiment from both Thailand’s Monetary Policy Committee meeting and the U.S. Federal Reserve meeting, as each is likely to cut its respective interest rates. Still, Mr. Kantara advised investors to adopt a selective strategy as currently, only few stocks have a strong outlook or capacity to pay high dividends.
He recommended Advanced Info Service PCL (SET: ADVANC), TISCO Financial Group PCL (SET: TISCO) and Gulf Development PCL (SET: GULF), estimating the target price of about THB 60 per share for the latter, citing current low valuation of THB 41 from weak confidence that dimmed the P/E ratio. Mr. Kantara also warned investors to avoid the oil sector as the global market is likely to face an oversupply issue next year.
