Summary · why it matters
Securities analysts at Asia Plus Securities, or ASPS, said the Thai stock market still has room for a short-term relief rally, and net selling by foreign investors is likely to slow, driven by three main factors: the pullback in US bond yields, the rotation of funds out of a correction in US and North Asian technology stocks, and Thailand's hosting of the major IMF-World Bank Annual Meetings 2026 in Bangkok from October 12 to 18, 2026, which should help build confidence and directly benefit domestic consumption, tourism, and healthcare stocks. On investment strategy, they recommend positioning for a relief rally in domestic play, tourism, and healthcare stocks, with five standouts: DISNEY19, which is entering its high season for fourth-quarter earnings on the buzz around the blockbuster film Avengers: Doomsday; AAPL80, which is getting a boost from preparations to launch its first foldable-screen smartphone; Bangkok Expressway and Metro, or BEM, which has a high chance of winning the contract to operate the southern Purple Line electric train; Com Seven, or COM7, which is expected to post standout third-quarter 2026 profit growth of more than 30%; and Bangkok Chain Hospital, or BCH, whose international patient revenue looks set for strong growth in the second half. However, pressure remains from the transport and logistics sector after reports of plans to collect three tourist fees and taxes totaling 2,570 baht, as well as concerns over the September consumer confidence index, which fell for the first time in four months. Meanwhile, Kasikorn Securities, or KS, said the World Bank has advised Thailand to accelerate the adoption of artificial intelligence technology to raise productivity and escape the middle-income trap, since only 12% of Thai businesses currently use AI, compared with 43% in the United States. It views this as positive for the industrial estate, utilities, power plant, digital infrastructure, and electronics sectors, including WHA, AMATA, WHAUP, GULF, BGRIM, DELTA, KCE, and Hana Microelectronics.
Amata Corporation Public Company Limited
WHA Utilities and Power Public Company Limited
Bangkok Chain Hospital Public Company Limited
Bangkok Expressway and Metro Public Company Limited
Com7 PCL
Asia Plus Group Holdings PCL
