Mr. Gun Hathaisattha, Chief Investment Strategist and Economist of the Research Division at CGS International (CGSI) Securities (Thailand), stated in the “Kaohoon” program on February 16, 2026, that the Stock Exchange of Thailand (SET) Index has been advancing on positive sentiment surrounding the potential formation of a stable government coalition. Although the index has already surpassed the 1,400-point level, the broker estimated that it could rise further. However, he warned investors to be cautious if the SET Index approaches the 1,450-point level.
Mr. Gun also noted that the SET Index would respond positively if the Bhumjaithai Party forms a coalition with the Pheu Thai Party and the Klatham Party. He cited that in the event that one party withdraws from the coalition, the remaining two parties would still retain a parliamentary majority. As for the concern regarding the vote counting process, it is unlikely to affect the market sentiment or the political outcome.
Besides the political stability, the SET Index is also supported by Delta Electronics (Thailand) PCL (SET: DELTA) and Minor International PCL (SET: MINT)’s strong outlooks, the approval for Airports of Thailand PCL (SET: AOT) to increase the passenger service charge (PSC), and Gulf Development PCL (SET: GULF)’s increased stake in Kasikornbank PCL (SET: KBANK) to above 10%. Mr. Gun estimated that both GULF and KBANK’s stock prices could rise further, citing GULF’s additional upside potentials and the possibility that the company may acquire more KBANK’s stocks.
