Buyback supports Thai stock market after DELTA target price cut to 244 baht

EarningsAnalyst
โดย HoonVision·Read original
Summary · why it matters

The Thai stock market during 27 to 31 July 2026 fell below 1,600 points before buyback orders came in to support the market. DELTA was the main drag after its second-quarter 2026 earnings came in below expectations. Analysts downgraded the stock to Reduce and cut the target price to 244 baht from 265 baht, after lowering 2026 to 2027 profit forecasts to reflect gross margin pressure from higher raw material costs. On the supportive side, hyperscaler earnings continued to show strong investment momentum, and other sectors helped steady the market. CPN surged on expectations of second-quarter 2026 net profit of 4.5 billion baht, up 4 percent year-on-year, while banking stocks such as KBANK and KTB were supported by the investment cycle.

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