Mr. Chaiyot Jiwangkul, Assistant Director of Securities Analysis at Krungsri Securities (KSS), stated in the “Kaohoon” program on January 14, 2026, that the Stock Exchange of Thailand (SET) Index has been trending lower, weighed down by weakness in Delta Electronics (Thailand) PCL (SET: DELTA) and pressure across three other sectors.
He pointed to the hospital sector, which has been affected by a major insurer’s decision to halt sales of lump-sum health insurance, the retail sector amid concerns over farmers’ incomes following higher rice prices, and the financial sector due to worries about a potential rise in non-performing loans (NPLs) after AEON Thana Sinsap (Thailand) PCL (SET: AEONTS) reported an increase in its NPLs.
Nonetheless, KSS estimated that the market is likely to have absorbed most of the negative sentiment, citing a slowdown in capital outflows. Mr. Chaiyot also commented on the election rally, noting that while retail, financial, and banking stocks have typically performed well during past election periods, investors this time should focus on the banking and ICT sectors instead.
Regarding strategy, Mr. Chaiyot recommended a selective strategy, highlighting Central Plaza Hotel PCL (SET: CENTEL) from the tourism sector and True Corporation PCL (SET: TRUE) from ICT. He noted that tourism is benefiting from the high season and positive sentiment following the appointment of Lalisa “Lisa” Manobal as tourism ambassador, while the ICT sector is supported by easing competition and lower costs.
