Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, stated in “Kaohoon” program on May 15, 2026, that Asian markets were generally declining in the morning session, despite the U.S. market closing higher in the previous session.
This was due to investors awaiting clearer signs from the U.S.-China summit, as well as profit-taking action after market participants had priced in previous positive news. In addition, persistently high oil prices have raised concerns over cost and geopolitical uncertainty. As a result, some investors chose to delay investment or take profits to reduce risk before the weekend.
Nevertheless, Mr. Kantara assessed that the meeting between world leaders is a positive signal for global financial markets, as the negotiation atmosphere is becoming more conciliatory and may lead to progress in resolving international conflicts in the future. He believed that war or geopolitical tensions may ultimately come to an end, but the markets still need to monitor when and through which mechanisms this will be achieved.
For the Thai bourse, the rise in the previous session is seen as a positive development, as buying interest was not solely focused toward DELTA, but rather spread out among other big-cap stocks across several sectors, including airports, retail, telecommunications, and other SET50 blue chips. This reflects that the market is starting to receive more support from a variety of sectors, providing further upside potential for the index.
Although the market may face short-term profit-taking today as the index approaches key resistance levels—a starting point of the previous correction cycle—the overall outlook remains bullish. Mr. Kantara set a key support level at 1,500 and 1,515 points, respectively. If the index can maintain above 1,540 points, it may potentially surpass the resistance level of 1,545 points and move up to test the 1,600 level in the future.
However, If the index corrects but does not fall below 1,500 points, it is still considered an opportunity accumulation, as the index structure remains intact. From a technical perspective, SET is starting to show higher highs and higher lows, which is a positive sign for the market trend.
As for investment strategies, Mr. Kantara recommended for investors to focus on stocks with strong fundamentals and liquidity, especially large-cap stocks in the SET50 and SET100 indices, as any foreign fund inflows tend to flow first into large caps. Meanwhile, for mid- and small-cap stocks, investors should be selective and only invest in individual stocks with strong fundamentals.
Highlighted sectors include the industrial estate, which is benefiting from investment trends and BOI’s incentive measures; hospitals, whose share prices have corrected and now have recovery opportunities; and the food and retail group, such as CPF and CPALL, which are showing improving outlooks. The recommendation also extended to big-caps that play a significant role in the market movement including DELTA, ADVANC, AOT, and GULF.
For next week, Mr. Kantara expects the Thai market to move sideways-up, recommending investors monitor market-driving big-caps, which may potentially benefit from fund inflows. Investors are also advised to avoid speculation on small-cap stocks without supporting fundamentals, as they may not benefit from this capital inflow cycle.
