Chaiyaporn Nompitakcharoen, Managing Director, Sales & Trading Business at Bualuang Securities (BLS), stated that the company has a positive outlook on the global stock market in 2026.
Although the market has recently faced profit-taking pressures, resulting in a 5–10% correction—primarily in technology stocks due to high valuations and short-term macroeconomic factors—this adjustment is not a signal of a bear market but rather a natural correction before the beginning of a new recovery cycle.
He sees the market weakness as an opportunity to increase investment weight, especially in technology equity funds, which continue to receive long-term support from the growth of artificial intelligence (AI), which is starting to deliver tangible business results.
BLS’ Wealth Research team recommends a Core–Satellite portfolio strategy to balance long-term growth and short-term opportunities, focusing on five main investment themes aligned with the 2026 megatrends: AI Value Chain, Defense Tech, Quantum Computing, Health Tech, and Nuclear Energy.
For the core portfolio, the focus is on investment in the AI Value Chain theme, encompassing large technology companies entering a new S-Curve, as well as defense tech and the space economy, which benefit from global investments in security and advanced technologies.
The satellite portion targets high-potential growth themes for the next period: quantum computing, health tech, and nuclear energy, all of which are expected to enter a phase where their technologies begin to generate cash flow, and the market assigns higher valuations in the future. Diversifying into these megatrend themes increases the potential for long-term returns amid continued global market volatility.
Chaiyaporn added that to maximize tax planning benefits, it is advisable to use Retirement Mutual Funds (RMF) to open opportunities for overseas investment, particularly in technology and AI sectors, which continue to offer high long-term growth potential. Meanwhile, Thai ESG funds should be used for investment in domestic assets to help diversify risk and make tax-advantaged fund portfolios more balanced.
