Finnomena Funds, a unit trust brokerage under Finnomena Group, has shared its investment outlook for the second half of 2026, assessing that the market is entering a "Moving On" phase. Investment capital is expected to rotate from stocks and assets that have already appreciated significantly to industries and regions with remaining growth potential.
The company recommends three main investment themes to navigate the changes in the global economy driven by AI technology and geopolitical tensions that have become the new normal.
Finnomena also announced business plans to expand its network of investment advisors and upgrade its platform with AI technology to enhance investment advisory efficiency, while expanding services to a wider range of investment assets.
Jesada Sukthis, Co-Founder and CEO of Finnomena Group, noted that the economy continues to be propelled by AI technology growth, while geopolitical tensions have become a new normal that investors must understand and prepare for.
The three key investment themes for the second half of 2026 are The AI Divergence, The Catch-Up Trade, and Structural Geopolitics, reflecting opportunities from technology growth, recovery in lagging industries, and portfolio adjustments to manage geopolitical risks.
Each investment theme includes notable details as follows.
1. The AI Divergence
The future technology trend will move toward an "Always On AI" era, where AI agents can operate continuously on behalf of humans. This may require one worker to use two computers: one for personal use and another for AI processing.
This drives ongoing growth in demand for computer hardware and data centers, linked to the previously rising prices of memory components (RAM).
Recently, China has ramped up full-capacity production of RAM through ChangXin Memory Technologies (CXMT), a high-speed DRAM chip manufacturer, to counter U.S. technology restrictions.
As a result, general RAM prices in the market have stabilized and started to decline. This development benefits big tech companies such as Microsoft, Google, Amazon, and Apple by lowering their costs and expanding opportunities.
However, advanced AI processing chips like High Bandwidth Memory (HBM) remain in high demand and are difficult to manufacture, giving upstream semiconductor companies like TSMC a competitive advantage.
Therefore, the strong demand for AI persists, and investment in technology and infrastructure equity funds such as K-GTECH, KF-SP500M, and A-GRID is recommended.
2. The Catch-Up Trade
The healthcare sector is a particularly notable Catch-Up Trade group, benefiting directly from AI implementation without the uncertainties faced by software sectors.
Pharmaceutical companies now clearly communicate that AI helps shorten drug research timelines and improve efficiency, especially accelerating cancer drug trials and results significantly.
Additionally, the industry faces patent expirations in the next two years, prompting large firms to acquire medium and small biotech companies to secure new patents.
From an investment perspective, a selective strategy focusing on laggard stocks—those that rise slower than the market but have solid fundamentals and attractive valuations—is advised.
Recommended healthcare funds include KKP GHC-A for global healthcare equities, emphasizing the fund managers' specialized expertise essential for in-depth company analysis.
Also recommended is the TISCOHD-A fund, which invests in dividend-paying stocks in the Thai market. While overall growth may be moderate, it serves as a good source of dividends, with earnings per share projected to grow to 95-105 baht.
The Thai economy’s overall outlook is supported by the relocation of electronics production bases to Thailand, alongside tourism remaining a key growth driver.
Additional positive factors include government stimulus through a 400 billion baht loan decree, accounting for 2% of GDP, as well as mega projects like the land bridge that align with strategic logistics and energy transport routes.
These positives suggest the SET Index could test the 1,700-point level during the remainder of the year.
3. Structural Geopolitics
Given that geopolitical tensions have become an enduring new normal, the investment strategy here is to seek opportunities in assets linked to security and the reshoring of production to the stable U.S.
Recommended funds include LHGDEFENSE-A (defense sector), A-AIRR (U.S. industrials), A-RING (gold mining), as well as commodity-based funds like SCBCOMP for portfolio risk hedging.
Chayanon Rakkanjanant, Co-Founder of Finnomena Group and CEO of Finnomena Funds, revealed the company’s direction to "unlock millions with the right investment advice" to help everyone achieve key financial life goals.
Currently, Finnomena’s platform has 194,006 account holders and assets under advisory (AUA) growing steadily to over 72.4 billion baht.
A key five-year goal is to expand the independent investment advisor (Alpha Advisors) base from nearly 3,500 to 6,000, covering a network of financial advisors from diverse professions to serve investors nationwide.
For the business plan in the second half, Finnomena will upgrade its services to become an Open Knowledge Platform that delivers knowledge to everyone, whether customers or not.
It will also evolve into a Platform for Future by broadening investment asset classes beyond mutual funds to include bonds, debentures, and foreign equities, aligning with market conditions and investor needs comprehensively.
A highlighted strategy is integrating technology to address hundreds of thousands of investors lacking advisory support via the "TrueMatch Advisory" project, which uses AI to analyze and match investors with advisors sharing compatible styles, goals, and behaviors.
Concurrently, Alpha Advisors will be empowered with customer relationship management (CRM) systems and AI backend tools to enhance advisory precision and professionalism.
The company also continues its "Better Together" initiative, providing dual advisory services to investors at no extra cost via a secure chat system on the app, protecting users from fraud.
Past results confirm that close advisory support increases investor confidence, accelerates investment decisions, and leads to investment amounts five times higher than those without advisors, highlighting expert companionship as key to long-term investment success.
For stock and investment news, visit Thairath Money.
Follow the Facebook page: Thairath Money at this link.