Yuanta Securities (Thailand) pointed to an updated timeline for the formation of the new Thai government, providing insights into the expected impact on the country’s equity market, specifically the SET Index.
According to the analyst, the parliamentary schedule is as follows: the House of Representatives is expected to convene on March 12, 2026, to elect the Speaker and Deputy Speaker.
The crucial vote for Thailand’s next Prime Minister is expected to take place on March 19, 2026. Although there is no set deadline for the formation of the new Cabinet, the policy statement to parliament must be delivered within fifteen days after the royal appointment of the new Prime Minister.
From a statistical standpoint, Yuanta notes that the SET Index typically reacts more positively on the day of the Prime Minister’s vote than on the day of the policy statement delivery.
Historically, the index has averaged a gain of +1.1% on PM voting days. Leading beneficiaries during these periods include construction, tourism, transportation, retail, real estate, and finance.
Yuanta recommends that investors aiming to capitalize on this political event consider accumulating shares in so-called ‘Domestic Play’ stocks next week, positioning for anticipated gains around the Prime Minister’s voting day.
Companies highlighted for this strategy include CPALL, BJC, DOHOME, GLOBAL, TIDLOR, SAWAD, STECON, CK, TASCO, SIRI, and AP.
