Mr. Chaiyot Jiwangkul, Assistant Director of Securities Analysis at Krungsri Securities (KSS), during the “Kaohoon” program on June 10, 2026, stated that the outlook for the technology and electronics sectors remains unchanged, especially for DELTA, which has been a key contributor to the SET Index in the recent period.
In the past 2-3 months, DELTA has shown remarkable growth, significantly supporting the index by about 150 points, as its share price climbed from over THB 200 baht to around THB 364. This reflects support from the continued strong demand for AI-related and data center equipment, making electronics stocks the market leaders at present.
However, other sectors are alternating in their recovery according to specific factors, particularly the situation in the Middle East, which remains a key point for market monitoring. Should the situation de-escalate and progress is made towards a ceasefire, stocks benefiting from reduced tensions, such as power plants, retail, and finance, have an opportunity to rebound. On the other hand, if tensions escalate due to clashes or retaliation, funds may flow back to energy and petrochemical sectors.
For this period, KSS recommends a selective investment approach, focusing on stocks benefiting from a surge in foreign direct investment (FDI), which is seen accelerating markedly this year, especially investments in data centers by major technology companies and large-scale government projects.
The sectors expected to benefit include banking, due to greater opportunities for granting loans to large projects, and power plants, given the rising demand for electricity in line with data center expansion. Meanwhile, applications for Board of Investment (BOI) incentives in the electronics segment remain high, and investments related to AI and data center equipment would further support national growth and employment.
Regarding key factors to monitor, Mr. Chaiyot stated that the situation concerning a ceasefire in the Middle East remains critical, as ongoing retaliation would make the market unstable and undermine investor confidence. At the same time, it is necessary to keep an eye on domestic economic stimulus measures, particularly the “Thai Chuay Thai” project, to assess how much it can support purchasing power and the economy.
A major negative factor is inflation and the U.S. government bond yields, as high oil prices may further accelerate global inflation, especially in the U.S. If this results in a U.S. bond yield increase from the current 4.6% level, it would negatively impact global investment trends and could trigger capital outflows from stock markets.
On local political factors, Mr. Chaiyot assessed that although there might be some turbulence, overall the government can continue to drive policies, and the coalition remains stable, as such, this is not a major concern for the time being.
