Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, stated in the “Kaohoon” program on August 7, 2026, that the Thai stock market may potentially experience a correction in the short-term due to renewed uncertainty in the Middle East, particularly concerning the Strait of Hormuz. This situation has caused Brent crude oil prices to rise to around $83 per barrel and sparked concerns over inflation.
At the same time, several regional stock markets are showing signs of weakness, including Japan and South Korea. In particular, technology stocks have been highly volatile, making the Thai benchmark more likely to move sideways as investors wait for clearer signals.
However, when considering foreign fund inflows, Mr. Kantara believed that there is still an opportunity for continued investment in the Thai market. Over the past month, foreign net inflows reached over THB 40 billion, and cumulative inflows for the year stand at around THB 75 – 76 billion.
Foreign investors continue to focus their buying on big-cap stocks, especially those in the SET50 Index and the banking sector. This reflects sustained foreign investor interest in Thai equities. Meanwhile, the performance of listed companies in many industries is improving, particularly in banking, telecommunications, hospitals, and energy. These factors serve as important fundamentals supporting investment.
Furthermore, Thai shares remain attractive in terms of yield and valuation compared to international markets. The incoming funds include both short-term speculative investors and long-term investors, as well as those making decisions based on the direction of the Thai baht.
Regarding the ongoing redemption of Thai equity funds by investors, Mr. Kantara noted that some of the exited funds may be re-entering the market through direct investment by individual investors.
Overall, he views the current market correction as a “pullback for consolidation” rather than a change in market direction. Investors can use this period of weakness to selectively accumulate fundamentally strong and familiar stocks, using technical analysis to help determine entry points.
For August, FSS highlights the following companies as attractive picks: BTG, ITC, MAGURO, SJWD, and STA. The recommendation is to invest in companies that investors understand and have confidence in, rather than buying all at once.
Mr. Kantara also commented on the state of the initial public offering market, stating that while the main market is starting to recover, IPO sentiment remains subdued. Many recent IPOs have failed to stay above their offering prices, which means companies preparing to list must place greater emphasis on building investor confidence.
In particular, actual financial results and earnings are gaining more importance among investors than forecasted profits. Therefore, the companies must demonstrate the ability to consistently generate profits and deliver on promises made to investors.
If new IPOs can trade at prices above their offering levels and deliver strong returns, this could restore confidence and encourage more companies to go public.
Additionally, investors can revisit existing IPOs whose prices have dropped below their offering levels by reassessing the fundamentals. If the company’s results meet the targets set by management and its business outlook remains strong, such stocks may offer good long-term investment opportunities.
