Mr. Pobchai Phatrawit, Equity and Digital Asset Strategist at InnovestX Securities, a securities company in the SCBX group, during the “Kaohoon” program on January 26, 2026, expects today’s support and resistance levels for the Stock Exchange of Thailand (SET) Index to be 1,305 – 1,300 points and 1,320 – 1,330 points, respectively. Following strong gains in the previous session, driven by the election rally and significant capital inflows, investors are likely to take profits. As a result, the SET Index is expected to move volatility.
Regarding market catalysts, Mr. Pobchai highlighted four key developments. First is the election period, as political parties are intensifying their policy introductions. Second is the release of fourth-quarter earnings, with companies in the real sector scheduled to report this week. Third is the U.S. Federal Reserve meeting on January 27–28, with expectations that the Fed will maintain the interest rate at 3.75%. Finally, he pointed to ongoing geopolitical tensions among several countries, particularly involving the United States.
Regarding stock recommendations, Mr. Pobchai highlighted stocks that benefited from the election rally and are currently underperforming. He pointed to the retail sector, particularly CP All PCL (SET: CPALL), Berli Jucker PCL (SET: BJC), and Central Pattana PCL (SET: CPN), noting that the sector previously gained only 1.3% and still has room to advance.
He also recommended the financial sector, especially Muangthai Capital PCL (SET: MTC) and Srisawad Corporation PCL (SET: SAWAD), which are likely to rebound after a significant decline. Lastly, he favored the banking sector, focusing on high-dividend stocks such as Bangkok Bank PCL (SET: BBL) and Krung Thai Bank PCL (SET: KTB).
Mr. Pobchai also cautioned investors about the electronics sector, citing high volatility and its previous strong rally led by Delta Electronics (Thailand) PCL (SET: DELTA). The technology sector also faces downside risk, as foreign investors may take profits following this week’s earnings releases from major U.S. technology companies. In addition, he flagged the upstream energy sector, noting potential pressure from rising oil prices.
