Asia Plus warns investors to brace for a multi-front storm as foreign investors dump Thai stocks, with seven-day net selling topping 30 billion baht

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Summary · why it matters

Asia Plus Securities assessed the investment climate for October 1, 2026, saying the Thai capital market is facing pressure on all sides. Foreign investors net sold Thai stocks over seven consecutive trading days for a cumulative 30.572 billion baht between September 22 and 30, pushing trading value above 100 billion baht, while only four SET100 companies closed higher. The main pressure came from the yield on 10-year US government bonds, which surged to 5.30%, the highest since 2007, while the August 2026 PCE index grew 3.4% year on year, still above the Federal Reserve's 2.0% target. Domestically, there were flash floods, with preliminary damage estimates for one week reaching as high as 5 billion to 10 billion baht, potentially slowing third-quarter 2026 GDP growth to 2.1% to 2.2%, along with airport baggage problems that hurt the tourism atmosphere during Golden Week, and a public debt-to-GDP ratio of 67.45%, close to the 70% ceiling. The research team therefore recommends raising cash holdings to 30% to 40% of portfolios and selecting stocks resilient to selling pressure, highlighting five top picks: AAPL80, GOOGL01, BDMS, CK and ITC.

Impact on assets 4

Aging Population▲ · 1 stocks
Industrials▲ · 1 stocks
CH. Karnchang PCL
CK
▲ PositiveCapitalrelevance

Named among Asia Plus's five recommended top picks resilient to selling pressure.

Consumer Staples▲ · 1 stocks
i-Tail Corp. PCL
ITC
▲ PositiveCapitalrelevance

Named among Asia Plus's five recommended top picks resilient to selling pressure.

Others▲ · 1 stocks
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