On Thursday at 10:45 AM (Bangkok time), the share price of Stecon Group Public Company Limited (SET: STECON) slumped by 7.63% or THB 0.50 to THB 6.05, with a trading value of THB 26.77 million.
CH. Karnchang Public Company Limited (SET: CK) dropped by 8.73% or THB 1.10 to THB 11.50, with a trading value of THB 53.99 million.
Sriracha Construction Public Company Limited (SET: SRICHA) declined by 2.56% or THB 0.20 to THB 7.60, with a trading value of THB 3.29 million.
Italian-Thai Development Public Company Limited (SET: ITD) lost 4.00% or THB 0.01 to THB 0.24, with a trading value of approximately THB 109,130.
Asia Plus Securities notes that the ongoing political uncertainty in Thailand, as well as the lack of a clear resolution, is weighing on stocks reliant on government budget disbursements—particularly construction firms that depend on the advancement of state projects. The current instability in domestic politics could delay the fiscal year 2026 budget bill, presenting risks for contractors.
Major construction companies such as CK and STECON are especially vulnerable to the uncertainties and the potential postponement of budget approval. The analyst recommends a “wait and see” approach for these stocks until greater clarity on the situations emerge.
