Daiwa Broker Sets Thai Stock Range for October at 1,500-1,630 Points, Recommends 5 Top Picks

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Summary · why it matters

Analysts at Daiwa Securities (Thailand) Public Company Limited assess the direction of the stock market for October 2026, setting an index range of 1,500-1,630 points and expecting the market to return to focusing more on fundamentals during the mid-month earnings announcements, led by banking stocks, especially the views from the executives of large banks. External factors to watch include the BOT, Fed, and BOJ meetings, as well as the US midterm elections, with statistics indicating that Thai stocks often respond positively ahead of elections. Meanwhile, risks still stem from the Iran war situation, which has yet to find a resolution, and progress on government policies, including the Thai Helps Thai Plus Phase 2 tourism stimulus measures, the announcement of the 2027 Budget Act, the PDP2026 plan, and the momentum of a no-confidence debate motion. On investment strategy, long-term themes through AI and Data Centers remain favored, with five stocks recommended: ADVICE, BGRIM, CK, PLANB, and SCGP.

Impact on assets 5

Consumer Discretionary▲ · 1 stocks
Energy Transition & Power Demand▲ · 1 stocks
Industrials▲ · 1 stocks
CH. Karnchang PCL
CK
▲ PositiveCapitalrelevance

CK is one of the five stocks recommended by Daiwa Securities (Thailand).

Communication Services▲ · 1 stocks
Plan B Media PCL
PLANB
▲ PositiveCapitalrelevance

PLANB is listed among Daiwa's five top stock picks for October.

Materials▲ · 1 stocks
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