Mr. Pongpat Siripipat, Investment Analyst from InnovestX Securities, a securities company in the SCBX group, stated in the “Kaohoon” program on December 29, 2025, that the Stock Exchange of Thailand (SET) Index is likely to remain volatile during the final week of the year, but the index could edge up for a short term period. As a result, short-term traders should consider buying on dips in the last two days of the year and selling on rebounds during the first week of 2026.
Regarding the election, Mr. Pongpat expected it to be the primary market catalyst in 2026, as political parties’ campaign pledges could have a significant impact on market sentiment. He noted that the party securing a parliamentary majority would be in a position to implement major policies, which he expects to focus on consumption and infrastructure. Based on this outlook, Mr. Pongpat recommended CP All PCL (SET: CPALL), Amata Corporation PCL (SET: AMATA), and WHA Corporation PCL (SET: WHA).
He also recommended Central Plaza Hotel PCL (SET: CENTEL), citing Thailand’s focus on stimulus measures that support the tourism sector. InnovestX Securities also forecasted that the company will post strong fourth-quarter earnings, driven by a narrowing net loss from its Maldives business. Furthermore, the securities company estimated that CENTEL’s growth could expand by 16% next year, following an estimated 6% decline this year.
