Krungsri Securities (KSS) stated that Thailand’s 1Q26 GDP growth, which outperformed market expectations, is a positive factor for the Thai stock market (SET Index). The figure also reflects the accelerated investment from both the public and private sectors, which bolstered stocks under the investment theme.
For investment strategy, KSS recommends stocks poised to benefit from the aforementioned factors including: KBANK and KTB for the commercial bank sector, AMATA and WHA for the industrial estate sector, GULF for the power plant sector, as well as ADVANC and TRUE for the ICT sector.
Regarding the 1Q26 GDP figures, the National Economic and Social Development Council (NESDC) reports growth at 2.8% year-on-year, outpacing the market expectation of 2.3%, driven by improvements in almost every component.
Exports of goods and services expanded remarkably by 12.6%, while total investment increased by 9.9%—with private sector investment up 10.1%, public sector investment up 9.4%, and the construction sector up 6.2%. Private consumption rose 3.2% and government consumption expanded 3.4%.
