Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, stated in the “Kaohoon” program on January 23, 2026, that the Stock Exchange of Thailand (SET) Index is likely to continue heading upward, driven by gains in undervalued stocks. He also noted positive sentiment from MSCI’s possible revision of Indonesia’s free float criteria, which could result in a significant capital inflow into Thailand.
He also pointed to the election rally, which is expected to significantly support the SET Index ahead of the election. Unlike past elections, when the index tended to ease after voting, he noted that the market could continue trending upward this time, provided the election outcome is clear, allowing the leading party to form a government coalition quickly and roll out stimulus measures.
Regarding yesterday’s development, when Telenor, a major international telecommunications group, reached an agreement to transfer 24.95% of its 30.3% stake in True Corporation PCL (SET: TRUE) to Arise Digital Technology, Mr. Kantara noted that the transaction allowed the SET Index to consolidate before resuming its upward move.
