Mr. Pobchai Phatrawit, Equity and Digital Asset Strategist at InnovestX Securities, stated on the ‘Kaohoon’ program on August 10, 2026, that the Thai stock market this week remains driven by the 2Q26 earnings season, which has entered its final stretch. A significant number of listed companies are expected to release their financial results towards the end of the week.
As of last Friday, approximately 96 companies—about 56% of total market capitalization—had announced their earnings, with cumulative net profit reaching around THB 196 billion. This was similar to the same period last year, but up roughly 23% from the previous quarter.
Among companies with prior earnings estimates, 56% reported profits above expectations, 28% were in line, and 17% fell short. This reflects continued positive profit momentum overall. As a result, Mr. Pobchai forecasted that the SET Index may potentially move sideways-up within the 1,600 – 1,650 range this week. For today, the sideways-up movement is anticipated at 1,610 – 1,635 points.
Additionally, investors should monitor the MSCI index review on August 13, 2026. InnovestX expects that this round—being only a minor review—may not see Thai stocks entering or exiting the index, but well-performing Thai shares may receive a higher weighting, which could further support the market.
Externally, weaker-than-expected U.S. nonfarm payroll figures have increased expectations that the Federal Reserve will maintain its interest rate at the September meeting, with rates likely to stay on hold throughout the year. This has had a positive impact on risky asset sentiment.
Regarding recent foreign investors selling in the banking sector, InnovestX considers the situation not worrisome, viewing it as profit-taking after substantial price gains. Looking ahead, there is potential for fund rotation into sectors with lower foreign holdings, such as retail, hospitals, finance, and tourism.
For investment strategy, InnovestX recommends GUNKUL due to strong year-on-year and quarter-on-quarter profit growth, as well as support from government measures promoting residential solar rooftop installations, in line with the company’s solar business and expected to bolster future performance.
Another recommended stock is TIDLOR. The company showed robust 2Q26 results compared to last year and the previous quarter. Declining bond yields have reduced financial costs, and profit growth for 2026 is expected to stand out among financial companies, further supported by its share repurchase program.
Other stocks flagged by InnovestX as having promising earnings outlooks and suitable for accumulation or speculation include MTC, PR9, and AP (all set to announce results this week), as well as CPN, KCE, ERW, and HANA, which are also expected to deliver strong YoY and QoQ earnings growth.
