Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, stated in “Kaohoon” program on June 5, 2026, that the Thai market may extend gains, despite facing potential profit-taking pressure around the key resistance level of 1,600 points, after the index has rallied quite strongly in the past period, led by big-cap stocks such as DELTA, GULF, ADVANC, and AOT.
Should the SET Index firmly surpass the 1,600-point level with solid trading value in the range of THB 60 – 70 billion, it would be a positive signal for investment sentiment and create opportunities to test the next resistance level at 1,627 – 1,630 points, driven by ongoing positive market momentum.
While some leading stocks have already registered gains, excluding DELTA, many stocks in the market still have room for further growth as their prices are still distant from this year’s target prices and could rotate to help support the index moving forward.
Potential sectors poised for rotation include the banking sector (such as BBL and KTB), as well as big-caps with high liquidity in the retail, telecommunications, and infrastructure-related sectors, due to their ability to attract foreign fund inflows both in terms of investments and profit-taking.
For 2Q26, the analyst expects stocks that has previously been pressured by the Middle East conflicts to recover should the tension ease, especially the financial, transportation, power plants, and tourism sectors, which are set to benefit from oil prices softening to around $95 per barrel from earlier highs above $100 per barrel.
Additionally, the banking sector is also projected to post strong results, while the telecom sector remains stable, and the industrial estate sector may continue to grow due to ongoing foreign fund inflows. These groups will lend support to the Thai stock market—even if there are periodic pullbacks.
Nonetheless, a key risk factor to monitor is the situation between the United States and Iran. Should tensions re-escalate, it could pressure investment sentiment and risk asset prices worldwide. Meanwhile, the domestic factor to monitor remains the government’s economic stimulus measures—especially the ongoing “Thai Chuay Thai Plus 60/40” scheme, which may help support consumption over the next four months.
At the same time, Mr. Kantara believes that Thailand has the potential to attract wealthy foreigners for long-term residence and investment, thanks to its low cost of living, food abundance, and overall safety compared to many countries. However, urgent attention must be given to solving corruption issues and regulatory constraints that may hinder investments. Reducing such barriers would help boost confidence and further support the Thai economy over the long term.
