Thai election, bank earnings in spotlightListen to this articleThai shares gained on the first trading day of the year, but soon lost steam as a hefty sell-off in shares of Delta Electronics via big lots at below-market prices pressured overall sentiment. Investors also dumped finance plays (MTC, SAWAD and TIDLOR) following worse than expected earnings reported by AEONTS, which reflected lending business risks connected with economic fundamentals. The market has diverse views on the election as opinion polls show the outcomes for the three main parties -- People's Party, Bhumjaithai and Pheu Thai -- might not differ very much. This election, in essence, reflects the end of the populist era and a stronger focus on fiscal burden reduction. We also recommend gradually taking profit from the run-up in banking stocks as we anticipate a sell-on-fact pattern to prevail during earnings announcements.

Source: Bangkok Post January 17, 2026 00:15 UTC