Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, stated in the “Kaohoon” program on December 26, 2025, that the Stock Exchange of Thailand (SET) Index has been moving in contrast to other Asian markets, trending lower due to pressure from technology stocks. He attributed the weakness to a surge in copper prices to record highs, which has increased production costs in the technology industry.
The trading volume is expected to remain thin during the holiday period. Therefore, Mr. Kantara advised investors to wait until next year, when new catalysts may support the market. These include expectations that the U.S. Federal Reserve will cut interest rates again, a potential election rally that could lift the SET Index before and after election day, and a market recovery after negative factors this year—such as U.S. tariff policies, tensions with Cambodia, and flooding in the southern region—have been fully absorbed.
For early 2026, Mr. Kantara recommended high-dividend stocks such as Tisco Financial Group PCL (SET: TISCO) and Ichitan Group PCL (SET: ICHI), as well as the consumption sector, citing expected stimulus from political parties’ campaign pledges during the election period. He also pointed to the tourism sector, forecasting its expansion after the market absorbs negative factors from 2025. However, he advised investors to remain cautious and focus on short-term trading strategies during that period.
