Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, stated in “Kaohoon” program on June 26, 2026, that the Thai market was under pressure from international markets. In particular, selling pressures in U.S. technology stocks has affected regional investment sentiment, including in Thailand.
As of 11:41 a.m., the SET Index has broken through the critical support level of 1,545 points. Mr. Kantara noted that if the index stabilizes above this level, the market trend has not turned significantly negative.
The main pressure in the Thai stock market came from DELTA, whose share decline notably weighed down the index. However, when excluding DELTA’s impact, the Thai market still looks attractive, thanks to improving domestic economic fundamentals. These include an upgraded GDP outlook, a low policy interest rate at 1%, and a weaker baht—factors supporting the overall investment climate.
Mr. Kantara stated that the 1% interest rate reflects very accommodative financial conditions and serves as strong support for the local economy, particularly benefiting domestic consumption and finance sectors. These sectors stand to gain from low funding costs, recovering purchasing power, and easing credit quality risks.
Regarding DELTA’s decline, Mr. Kantara viewed this as a short-term impact from raw material and production cost issues, not from weakening product demand. He believes DELTA’s fundamentals remain compelling in the medium to long term, although in the short term, selling pressure or portfolio adjustments from investors may persist.
On the rumored big lot transaction in TRUE, the analyst advised investors to focus on fundamentals. If a stock is fundamentally strong but its price falls due to temporary factors or major shareholder selling—dropping about 10–20% below fundamental value—this could offer a gradual accumulation opportunity.
Oil prices have declined toward pre-Iran war levels, the analyst sees it as a positive catalyst for the Thai economy since it reduces energy costs and inflationary pressure. Beneficiaries include transportation, tourism, restaurant, and oil-dependent businesses.
Mr. Kantara remains positive on finance stocks for continued investment. After significant price corrections, the sector is poised to benefit from the economic recovery and low interest rates, supporting debt servicing capabilities among borrowers and strengthening the finance sector outlook.
