Thai Markets Rally After Conservative Election Win
The Thai market has seen a significant rally after the conservative party’s surprise election win. The Stock Exchange of Thailand index was up 3.4% on Monday, with the Thai baht strengthening 0.9% to 31.258 per dollar.
Key Stock Moves
The rally was led by companies linked to the ruling Bhumjaithai party, such as Stec Group PCL, which saw a 6% gain. Consumer-goods and tourism stocks also posted 3-5% gains.
Revenue Outlook
Major Thai companies, such as PTT, SCG, and CPALL, are expected to see revenue growth in 2026 due to the stable political environment. PTT is expected to see a 3-4% revenue growth, while SCG is expected to see a 3% revenue growth.
Sector Focus
The energy and petrochemicals sector is expected to see modest revenue growth, while the construction and materials sector is expected to see a 3% revenue upside. The retail and consumer sector is expected to see a 2-3% revenue lift, while the banking sector is expected to see flat-to-slightly-up revenue.