Mr. Koraphat Vorachet, Assistant Director and Division Head of Research at Krungsri Securities (KSS), during the “Kaohoon” program on February 12, 2026, expected today’s support and resistance levels for the Stock Exchange of Thailand (SET) Index to be 1,410 – 1,400 points and 1,420 – 1,430 points, respectively. He estimated the index will continue rising, supported by the election rally and strong fund inflows.
Mr. Koraphat noted that foreign investors constantly focus on Thai politics. Last year, the SET Index failed to rally strongly due short-lived government stability. This year, however, with the leading party securing a parliamentary majority, the index could climb to 1,420–1,500 within three months. Furthermore, several Thai stocks may unlock value as they were pushed into deep-value territory by last year’s headwinds.
As for the fund flow, Mr. Koraphat stated that Thailand is benefiting from MSCI’s and FTSE’s possible reclassification of Indonesia’s market status as Thailand is likely to become a key destination for investors seeking to relocate their funds. This is because Thailand offers liquidity characteristics similar to Indonesia’s, while trading at relatively lower valuations. Since the liquidity of Thailand’s SET50 Index exceeds MSCI’s turnover ratio requirement, several Thai stocks may be added to the MSCI Index this May.
As for today’s investment strategy, Mr. Koraphat recommended the infratech sector, such as power plant and ICT stocks, as Asian nations begin to invest more significantly in AI. He also recommended laggard stocks such as CP All PCL (SET: CPALL), CP Axtra PCL (SET: CPAXT), and Bangkok Dusit Medical Services PCL (SET: BDMS) from the retail sector, citing strong tourist volumes expected to boost spending in Thailand.
