Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, remarked in “Kaohoon” program on April 10, 2026, that buying forces in DELTA helped buoy the Thai market yesterday from the tech rally in the U.S. market. He also expects the Thai market to edge up today along with the Asian markets’ trend.
Regarding the Middle East situation, the analyst disclosed that investors are currently monitoring the upcoming U.S.-Iran peace negotiation at Islamabad on Saturday, although they remain skeptical about the possibility of the end of the war, he added that the situation seems to be improving, with Israel engaging in peace talks with Lebanon.
For strategy, Mr. Kantara recommends investors to either slow down investment or completely halt prior to the Songkran holiday, as the Middle East situation remains uncertain. But for investors looking to hold stocks over the holiday, the analyst recommends stable stocks that are largely shielded from the war such as GULF, and sectors such as telecommunication (ADVANC) and banking (KTB).
Mr. Kantara also expects consumption-related stocks (CPALL, CPAXT) to benefit from the anticipated rollout of the government stimulus measures. He also added that the government’s recent move to cut fuel price subsidy was largely a method to conserve the national budget for the rollout of the stimulus measures.
For post Songkran outlook, Mr. Kantara outlined two scenario:
- If the Iran war prolonged or escalated, the analyst expects the market to decline, setting a support level at 1,460 points.
- If the Iran war de-escalated, the analyst expects the market to improve, setting a resistance level at 1,500 – 1,505 points.
However, the analyst forecasted that the Thai market is unlikely to surge beyond the 1,500 points due to uncertainty surrounding the war.
Lastly, Mr. Kantara estimated that listed companies’ 1Q26 earnings may bolster the Thai market, with robust earnings anticipated for the telecommunication, energy, and banking sectors.
