Mr. Gun Hathaisattha, Chief Investment Strategist and Economist of the Research Division at CGS International (CGSI) Securities (Thailand), during the “Kaohoon” program on April 3, 2026, expects the Thai market to edge up along with the regional trends, albeit with lower volume from high base effect, as there are positive catalyst from the international discussion on the Strait of Hormuz crisis, with OPEC meeting scheduled for next week.
The analyst added that the U.S. markets also pared losses last night, as investors view the escalated attack on Iran as the final push to force the islamic country into negotiations.
Mr. Gun remarked that even if the conflict has concluded, the oil price may not retreat back to the pre-war level, and remain elevated at around $80 per barrel.
As such he recommends investors taking this opportunity to release some of the stakes in the energy sector for profit-taking. However, investors without energy stocks in their portfolio were recommended to buy equities in the food sector, as food prices are likely to remain inflated.
For strategy, Mr. Gun recommends short-term speculation on the following sectors:
The food sector, which is on an upward trajectory. The analyst favors CPF over BTG and TFG in this group, due to a more attractive share price and rising farm pig prices.
Sector that has been on a downward trajectory including BDMS—which are considered a laggard stock, and MINT. These two are high-beta stocks, thus are sensitive toward the positive factor that may come from the end of the war.
The analyst advised investors to “Avoid” refinery stocks, due to uncertainties around the potential government’s gross refining margin (GRM) intervention. The advice also applies to retail, beverage or any purchasing power-related sector, as the effectiveness of the government’s stimulus measures will likely be pressured by the high living cost.
