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 27, 2026, that the Stock Exchange of Thailand (SET) Index has begun entering a correction phase, following the declines in Asian market indices, volatility in the U.S. markets, and the fading of positive sentiment from earlier gains.
Still, the banking sector is supported by dividend announcements and the potential end of the interest rate–cut cycle. Mr. Gun recommended adding banking stocks to investment portfolios and adopting a hold strategy. He also warned of possible profit-taking in stocks with ex-dividend (XD) status and in the hospital sector, as hospital operators have reported mixed outlooks.
If investors plan to buy additional stocks, Mr. Gun recommended S Hotels and Resorts PCL (SET: SHR), setting a target price of THB 3 per share, citing its growth potential despite a weak earnings outlook. The broker also recommended laggard stocks with strong upside, such as BCPG PCL (SET: BCPG), with a target price of THB 10 per share. If these stock prices decline, Mr. Gun recommended investors to adopt an accumulating strategy.
Mr. Gun also highlighted foreign investors’ focus on Thailand’s stability, particularly political developments. If the Bhumjaithai Party can maintain a long-term partnership with the Pheu Thai Party and signal its ability to lead the government for a full four-year term, foreign investors are likely to shift their attention to laggard stocks. Besides BCPG and SHR, these include Moshi Moshi Retail Corporation PCL (SET: MOSHI) and MR. D.I.Y. Holding (Thailand) PCL (SET: MRDIYT).
