ASL Recommends Mid to Long-Term Strategic Play amid Volatility in Thai Stock Market

Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, during “Kaohoon” program on November 11, 2025, expects today’s support and resistance levels for Stock Exchange of Thailand (SET) Index will be 1,300 – 1,295 points and 1,313/1,320 points, respectively.

ASL Securities has also estimated support and resistance levels for specific stocks, the details are as followed:

  • Bumrungrad Hospital PCL (SET: BH): THB 176.50/174 per share and THB 181/185.50 per share for its support and resistance levels.
  • Airports of Thailand PCL (SET: AOT): THB 40.75/39 and THB 42/44.
  • SCB X PCL (SET: SCB): THB 129.50 and THB 132/134.
  • Bangkok Commercial Asset Management PCL (SET: BAM): THB 6.50/6.25 and THB 7.05/7.50.

As for specific sector, Mr. Suchet stated that the tourism sector is improving as the share price of Central Plaza Hotel PCL (SET: CENTEL) has edged up. As for Minor International PCL (SET: MINT), the share price could edge higher to THB 22 – 22.40 per share, while reiterating that the price could not break the THB 24.00 resistance level.

For the commerce sector, Mr. Suchet noted that Dohome PCL (SET: DOHOME) and Home Product Center PCL (SET: HMPRO) have seen positive movement, but it is still uncertain whether it will remain as a trend. He recommended investors to adopt a short-term speculation strategy.

As for the banking sector, Mr. Suchet stated that it remains a key driver supporting the market, while noting that the finance segment is not yielding a positive response as expected. He added that by next week, when most performance reports are released, investors will have a clearer picture of how each industry performs.

Regarding the weak IPO prices seen in the last three to four newly listed companies, Mr. Suchet stated it was due to the high competition in certain industries amid rising competition from Chinese goods, impacting the Thai market significantly, especially in the fruit and retail industry. To be able to compete, the company has expanded its operation, which affects their costs. This led to investors to be more cautious in several IPO due to uncertainty in their growth moving forward.

Mr. Suchet recommended the investor to adopt a medium- to long-term strategy or focus on leading stocks of the sector that dominate the market.