Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, stated in the “Kaohoon” program on December 12, 2025, that the sudden dissolution of parliament is likely to pressure the SET Index for about a month. However, he expects the index to rebound the following month and gain strong momentum as the election approaches.
As of now, the economy lacks stimulus to support growth or attract capital inflow. The caretaker government cannot implement major financial measures, such as the Thailand Individual Savings Account (TISA) scheme or the second phase of Half-Half Plus. Therefore, Mr. Kantara recommended stocks with strong growth or high dividend payout ratios, such as Gulf Development PCL (SET: GULF) and PTT PCL (SET: PTT), as well as those that benefit from the U.S. Federal Reserve’s rate cut, including Muangthai Capital PCL (SET: MTC) and Srisawad Corporation PCL (SET: SAWAD).
As for Delta Electronics (Thailand) PCL (SET: DELTA), Mr. Kantara stated that its sign of recovery today could keep the SET Index above the support level of 1,250 points. Previously, the news about the TISA scheme prompted investors to sell DELTA stocks. However, with the dissolution of parliament preventing the scheme from being implemented, he expects investors to rotate out of the banking sector and back into DELTA.
Mr. Kantara also noted that several key developments this month could impact the SET Index. First is the Bank of Thailand’s Monetary Policy Committee meeting, which is expected to result in an interest rate cut. The second is the negotiation with the U.S. President Donald Trump over the conflict between Thailand and Cambodia, with the possibility that Trump may use tariff measures to pressure both countries to resolve the dispute.
