Globlex Sees Thai Stocks Sideways Down in October, Range 1,520-1,600 Points, Favors Home-Repair and Export Plays

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Summary · why it matters

Globlex Securities, or GBS, expects the Thai stock index in October 2026 to move in a volatile Sideway Down pattern, with a trading range of 1,520-1,600 points. The main pressure comes from global WTI crude oil prices surging past 100 dollars per barrel amid geopolitical tensions in the Middle East, military confrontations in the Gulf of Oman and the Strait of Hormuz, combined with OPEC+ production controls, before prices fell back below 90 dollars per barrel after G7 intervention and Saudi Arabia helping to cool the rally. Miss Wilasinee Boonmasungsong, Assistant Managing Director of Globlex Securities, said inflation pressure prompted the Bank of Japan to raise its policy interest rate to 1.25%, the highest in 31 years, while investors worry the FED may raise rates another one to two times this year after already hiking once. The market also faced net foreign capital outflows of about 20,000-25,000 million baht in September and temporary impact from flooding, which Kasikorn Research Center estimated caused preliminary damage of 7,000-17,000 million baht. Mr Watcharain Jongyanyong, Director of the Research Department at Globlex Securities, recommended an investment strategy in two groups of standout stocks: stocks benefiting from post-flood repairs, recommending GLOBAL, DOHOME, HMPRO, TASCO, DCC and DRT, and export stocks with continued growth prospects, recommending STA, TEGH, NER, AAI, ITC, TU, CCET, HANA, KCE and DELTA.

Impact on assets 17

Consumer Discretionary▲ · 3 stocks
Consumer Staples▲ · 3 stocks
i-Tail Corp. PCL
ITC
▲ PositiveDemandrelevance

i-Tail (ITC) is listed among export stocks with continued growth prospects recommended by Globlex.

Thai Union Group PCL
TU
▲ PositiveDemandrelevance

TU named among recommended export stocks with continued growth prospects.

Materials▲ · 3 stocks
Semiconductors▲ · 2 stocks
Synthetic Biology (non-pharma)▲ · 2 stocks
Robotics & Physical AI▲ · 1 stocks
Industrials▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
Financials▲ · 1 stocks
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