Mr. Pobchai Phatrawit, Equity and Digital Asset Strategist at InnovestX Securities, stated on the ‘Kaohoon’ program on September 7, 2026, that the Thai stock market trend this week is likely to be volatile. This is due to both domestic and international factors that investors need to continuously monitor into next week.
For domestic factors, on September 8, there will be a public hearing on the draft of Thailand’s new power development plan (PDP 2026). This is expected to be a positive factor for specific sectors, particularly power plant stocks related to clean energy, as well as industrial estate stocks. However, the analyst assessed that this factor may only support specific sectors and does not carry enough weight to offset all the pressure from international factors.
Meanwhile, towards the end of the week, Mr. Pobchai recommended that investors should monitor U.S. inflation figures, including both the producer price index (PPI) and consumer price index (CPI). These will be crucial data for assessing the monetary policy direction of the U.S. Federal Reserve before its meeting on September 15 – 16, 2026.
Currently, the market places about a 60% probability that the Fed will raise interest rates, and about 40% for keeping rates unchanged. This weight shifted after the U.S. nonfarm payroll figures last Friday came out better than expected, causing investors to increase expectations of a rate hike.
However, if U.S. inflation figures late this week come out lower than expected or show a slowing trend, the market may shift back to expecting the Fed to keep policy rates steady, meaning the short-term market direction will continue to fluctuate based on these expectations.
Additionally, the prolonged tension between the U.S. and Iran must also be monitored, as well as domestic political issues next week, which may create uncertainty in the investment atmosphere. Meanwhile, several big-cap companies will gradually reach the ex-dividend (XD) date this week, especially in the banking sector. This could impact the index level and lead to some profit-taking after dividend rights are received.
InnovestX assesses the movement range of the SET Index this week with resistance level around 1,620 – 1,630 points and support around 1,575 – 1,585 points. Caution is still advised, as the market may rise alternating with periodic profit-taking.
For investment strategies, Mr. Pobchai recommends focusing on stocks with individual positive drivers, highlighting two sectors including:
1) Electronic Components: This sector receives positive sentiment from global technology stocks. HANA was highlighted as an outstanding stock due to its operating results in the second half of 2026, which are expected to show prominent growth. The company will also begin recognizing revenue from products related to AI and data centers, including both cooling products and high density PCBA, which will help support revenue growth.
Meanwhile, KCE is expected to have solid growth in its 2H26 operating results, driven by price adjustments and increased orders.
For DELTA, its stock price has dropped significantly from around THB 370 to about THB 250 – 260, opening up wider upside. The company’s operating results in the second half are still growing well, and the company has diversified its raw material sources to cope with shortage issues while adjusting selling prices to compensate for high raw material costs. Speculators can wait for an opportunity to enter.
2) Shipping Sector: This sector is highly attractive after freight rates rose significantly, and the freight index reached its highest level in nearly 2 – 3 years. Recommended stocks are PSL and TTA , which directly benefit from the freight rate trend.
For risk-averse investors, InnovestX recommends high-dividend stocks, particularly those offering an interim dividend yield of more than 2%, which can be gradually accumulated. Examples of such stocks include HMPRO and PTT, as well as other high-dividend stocks supported by strong fundamentals.
