Mr. Pobchai Phatrawit, Equity and Digital Asset Strategist at InnovestX Securities, during the “Kaohoon” program on April 27, 2026, expects the Thai market to partially rebound as the previous week’s downsides from big-cap stocks were largely priced in.
However, as this week only has four trading sessions, followed by a four-day-long holiday, the analyst anticipates the market’s recovery to be limited with weaker trade volume. The analyst set a resistance level for the SET Index at 1,480 – 1,490 points, and a support level at 1,445 – 1,435 points for the week.
Additionally, for this week, Mr. Pobchai recommends investors closely monitor the following events:
- The economic cabinet meeting, which will discuss various economic stimulus measures such as the Half – Half Plus scheme, the Landbridge project, and the electricity cost subsidy for the vulnerable groups from May to August.
- The real sector’s 1Q26 financial statement from big-cap stocks such as DELTA, SCC, and PTTEP, with DELTA anticipated to post positive results both year-on-year and quarter-on-quarter, while PTTEP is expected to post negative results both YoY and QoQ. Furthermore, the earnings reports may cause sell-on-fact actions, which may weigh on the market’s recovery.
- The Monetary Policy Committee meeting on Wednesday, forecasted to maintain interest rates.
- Other central banks’ meetings, such as the Federal Reserve, the Bank of Japan, the European Central Bank, and the Bank of England.
Regarding the Middle East situation, Mr. Pobchai stated that the U.S.-Iran negotiation efforts remain unclear, with both sides discussing terms through Pakistan. The analyst remarked that both sides may exchange peace terms through the back channel.
Furthermore, both the U.S. and Iran have maintained their blockade on the Strait of Hormuz, with news of Iran ceasing ship passing through the waterway, highlighting the ongoing tension amid the protracted peace talks. He estimated that the Strait will remain closed in the near-term.
For strategy, Mr. Pobchai recommends stocks in the following theme:
- Domestic Play: The rollout of the economic stimulus measures is anticipated to bolster consumption and household spending. The highlighted stocks include GLOBAL, HMPRO, CPALL, BJC, and TNP.
- Summer Play: The summer heat is set to benefit the beverage stocks such as ICHI and HTC.
- Earnings Play: These stocks were expected to report strong 1Q26 results with YoY growth, including CPN, ADVANC, GULF, and TU.
