Mr. Pobchai Phatrawit, Equity and Digital Asset Strategist at InnovestX Securities, stated on the ‘Kaohoon’ program on June 22, 2026, that the Thai market may potentially move sideways or sideways-down within range. Despite a potential for occasional rebounds, the overall trend remains sluggish, owing to an absence of new supporting factors.
Key issues to monitor this week include the Monetary Policy Committee (MPC) meeting in the middle of the week. The market expects the policy rate to remain unchanged, but the analyst recommends investors monitoring the committee’s outlook on the economy and interest rates, especially as several regional central banks, such as those in the Philippines and Indonesia, have already raised rates. It remains to be seen how Thailand will proceed amid expectations that interest rates could turn upward sooner than previously forecast.
Regarding the U.S.-Iran situation, although peace negotiations have become tense and have been pressured by President Donald Trump’s latest threats to attack Iran, InnovestX believed that negotiations can still move forward and reach a consensus in the end. This view is reflected by the initial rise in oil prices, which later retreated after the market concluded that negotiations have not stalled in any significant way.
Another factor that could weigh on the SET Index is the share price of DELTA. Towards the end of this quarter, there may be a downward adjustment in DELTA’s index weight to comply with the 10% cap in the SET50 and SET100 indices. As of the end of May, DELTA’s weight was still above this threshold, which may prompt passive funds to reduce holdings and potentially trigger some pre-emptive selling from certain active funds.
As a result, InnovestX estimates this week’s support level for the SET Index at 1,565 – 1,560 points and a resistance level at 1,590 – 1,595 points, with the index likely to continue moving sideways within this range on a daily basis.
For domestic factors, Mr. Pobchai cited the Joint Public and Private Sector Committee (JPPCC) meeting as a positive development. It revives the mechanism for dialogue between the government and private sector to address economic issues and builds upon previous discussions with large corporations. The main focus is expected to be on infrastructure investment, which could positively impact the construction, construction materials, industrial estate, banking, and financial sectors.
Additionally, the analyst also recommends investors monitor the launch of the Thailand Fast Pass project on June 23, as it is expected to support the investment climate and positively benefit stocks linked to public-private investment themes.
Regarding investment strategies, short-term speculative trading is recommended due to prevailing market volatility. Attractive stocks include those in the Laggard Play theme—sectors that have lagged the market rebound after the easing of war tensions—such as the hospital (BDMS, BH), airlines (AAV, BA), tourism and hotels (MINT, CENTEL), and beverage sectors (CBG, OSP).
Meanwhile, for longer-term investors, accumulating high-dividend stocks is advisable to benefit from the upcoming interim dividend season after the 2Q26 financial results announcements.
