Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities (FSS), stated in the “Kaohoon” program on January 9, 2026, that the Stock Exchange of Thailand (SET) Index this year is likely to reach 1,380 points. He cited Thailand’s projected gross domestic product (GDP) growth of below 2%, noting that such moderate growth is unlikely to provide strong upside momentum for the index.
Nonetheless, Mr. Kantara expects a rally during the pre-election period, particularly in the two weeks leading up to the vote. He also noted that the formation of a governing coalition and subsequent policy announcements could provide additional support to the market. Regarding the U.S. intervention in Venezuela, the event is likely to pressure the oil prize but only for a short period of time.
As of today, Mr. Kantara expects the support and resistance levels for SET Index to be 1,250 points and 1,280 points, respectively. If the index approaches the 1,250-point level, he recommended high-dividend stocks such as Advanced Info Service PCL (SET: ADVANC), which offers a dividend yield of 4.7%. Moreover, FSS expects ADVANC to continue growing and has set a target price of THB 348 per share.
For this month, FSS recommended Betagro PCL (SET: BTG), CP All PCL (SET: CPALL), Muangthai Capital PCL (SET: MTC), Neo Corporate PCL (SET: NEO), and Prima Marine PCL (SET: PRM).
