Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, stated in the “Kaohoon” program on February 6, 2026, about the election, noting that if Thailand’s political parties are able to form a strong and long-lasting government coalition within a short period of time, it would generate positive sentiment that could continue to support the Stock Exchange of Thailand (SET) Index over the next six months.
Analysts view a Bhumjaithai–Pheu Thai partnership as the best-case scenario. Furthermore, if Bhumjaithai dominates the election, the SET Index could rally for about two weeks. However, if other parties lead, government formation may be delayed due to coalition conditions. This scenario could hinder the SET Index growth.
Regarding foreign fund flows, Thailand has been receiving a significant amount of inflows recently. Mr. Kantara noted that this was due to foreign investors shifting their focus away from technology stocks toward old-economy stocks, especially those with high liquidity. One such stock is PTT PCL (SET: PTT), which has been attracting strong inflows lately.
For investment strategy, Mr. Kantara stated that the SET Index is seeking momentum to break above 1,345 points. If successful, it could advance toward 1,360 points. Regarding stock picks, he previously highlighted Gulf Development PCL (SET: GULF) and Muangthai Capital PCL (SET: MTC), but noted that after their recent gains, they may face near-term pullbacks.
Mr. Kantara recommends SISB PCL (SET: SISB), citing its low share price and potential gross profit growth next year following the opening of a new school campus and the intake of additional students. Finansia Syrus Securities provides a “BUY” recommendation with a target price of THB 18 per share.
