Mr. Takit Chardcherdsak, Assistant Director of Research Division at Krungsri Securities (KSS), stated in the “Kaohoon” program on December 17, 2025, that the Monetary Policy Committee (MPC) is likely to cut interest rates by 25 basis points at today’s meeting. This could generate positive sentiment that helps the Stock Exchange of Thailand (SET) Index recover after Delta Electronics (Thailand) PCL (SET: DELTA) weighed it down yesterday.
As for DELTA, Mr. Takit forecasted short-term gains driven by strength in foreign technology stocks and expectations that MPC will cut interest rates. However, these factors are unlikely to support long-term growth, as the stock remains pressured by its removal from the SETESG Index and the cap on its index weighting.
This week, Mr. Takit recommended investors to closely monitor tomorrow’s European Central Bank meeting and Friday’s Bank of Japan (BOJ) meeting. If the ECB maintains the interest rates while the BOJ raises rates, their currencies could strengthen while the U.S dollar weakens. This would benefit Thailand as this scenario is likely to attract capital inflow and support power plant and import-related sectors.
Regarding Thailand’s election timeline, if the process moves as scheduled, it would create greater certainty and support a recovery in the SET Index. However, any postponement could disrupt the FY2027 national budgeting process, generating negative sentiment and weighing on construction and power plant sectors.
Currently, Mr. Takit recommends high-dividend stocks with payout ratios above 4%, including SCB X PCL (SET: SCB), Kasikornbank PCL (SET: KBANK), Krungthai Card PCL (SET: KTC), Pylon PCL (SET: PYLON), AP (Thailand) PCL (SET: AP), and SC Asset Corporation PCL (SET: SC). He also noted that high-dividend stocks typically deliver strong payouts in the first quarter, particularly in January.
