Foreign investors dump Thai stocks for 7 days, topping 30 billion baht; Asia Plus warns of compounding negatives

Prachachat··THUS·Read original
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Summary · why it matters

Asia Plus Securities warns that the Thai economy is facing multiple compounding negative factors at once. Foreign investors sold Thai stocks on a net basis for seven consecutive trading days, totaling 30.572 billion baht between September 22 and 30, pushing trading value above 100 billion baht, with only four SET100 stocks closing higher. The main pressure comes from the 10-year US government bond yield, which surged to 5.30%, the highest since 2007, while US inflation remains above the 2.0% target after the August 2026 PCE index expanded 3.4%. Domestically, the Royal Irrigation Department increased water discharge from the Chao Phraya Dam to 2,500 cubic meters per second and expects water from Nakhon Sawan to reach 3,000 cubic meters per second on October 2. It estimates flood damage over one week could reach 5 billion to 10 billion baht and could push third-quarter 2026 GDP down to 2.1% to 2.2%. At the same time, during Golden Week from October 1 to 7, Thailand faces image risks from flooding and airport baggage problems, while the public debt-to-GDP ratio stands at 67.45%, near the 70% fiscal discipline ceiling. The research team recommends shifting strategy from seeking rising stocks to seeking stocks resilient to selling pressure, and raising cash holdings to 30% to 40% of the portfolio, choosing stocks that benefit from a weak baht such as CPF, ITC, KCE and HANA, along with low-volatility and healthcare names such as BH, BDMS, BCH and PR9.

Impact on assets 10

Health Care▲ · 3 stocks
Bumrungrad Hospital PCL
BH
▲ PositiveMonetaryrelevance

Named among low-volatility healthcare stocks suggested as defensive picks amid compounding macro negatives.

Consumer Staples▲ · 2 stocks
Semiconductors▲ · 2 stocks
Aging Population▲ · 1 stocks
Financials▲ · 1 stocks
Others▲ · 1 stocks
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