Mr. Pongpat Siripipat, Investment Analyst from InnovestX Securities, a securities company in the SCBX group, stated in the “Kaohoon” program on January 19, 2026, that the election period is expected to continue supporting the Stock Exchange of Thailand (SET) Index and trading volume, similar to past elections.
However, concerns remain over the formation of the new government coalition. If the previous leading parties secure a majority, the coalition is likely to be formed in a short period. However, if new political parties win a majority, the process could take longer, potentially delaying the 2027 budget and weighing on Thailand’s economic growth.
There are also concerns over overseas developments after U.S. President Donald Trump threatened to raise tariffs on goods from the European Union unless he is allowed to purchase Greenland. While this could increase Thailand’s export volumes, it also raises concerns over global trade stability. Meanwhile, tensions between the U.S. and Iran show signs of further escalation, which could potentially lead to the use of weapons of massive destruction.
As for investment strategy, Mr. Pongpat recommended stocks benefiting from strong fund flows, such as Krungthai Bank PCL (SET: KTB) and Bangkok Bank PCL (SET: BBL). He also favored strong dividend stocks even after dividend distribution, including Bangkok Commercial Asset Management PCL (SET: BAM), Kasikornbank PCL (SET: KBANK), Ratchthani Leasing PCL (SET: THANI), and Thai Life Insurance PCL (SET: TLI).
