Mr. Kantara Ladawan na Ayutthaya, Executive Director of Finansia Syrus Securities, during “Kaohoon” program on November 14, 2025, expects today’s support and resistance levels for Stock Exchange of Thailand (SET) Index will be 1,280 points and 1,330 – 1,340 points, respectively. He added that, given the recent downward trend, the index has the potential to rebound.
Regarding the U.S. Federal Reserve’s uncertainty in policy rates decision, Mr. Kantara stated that this news had pressured the U.S. market, particularly the technology sector, and this sentiment has also weighed on Delta Electronics (Thailand) PCL (SET: DELTA). However, he expects the U.S. market to recover, which could keep the SET Index above 1,280 points. However, if the negativity breaks the resistance level, Mr. Kantara estimated the test level would be 1,250 points.
Mr. Kantara also pointed out that despite companies reporting high earnings, the positive sentiment did not reflect on the stock price. He also further explained the situation of low trading volume as investors are pausing investment due to high P/E ratios.
Nonetheless, Mr. Kantara stated that there is a possibility for the SET Index to recover to 1,330 – 1,350 points within this year and even reach 1,400 points as the Thai government is ramping up stimulus measures. Furthermore, he noted that the recent decline was not extremely sharp so there is a possibility for a rebound once the SET Index hit the support level.
He recommended investors to focus on stocks with high fundamental factors, such as Gulf Development PCL (SET: GULF), in December when the situation becomes clearer.
As for the hospital sector that previously experienced decline, Mr. Kantara stated that the sector is unlikely to decrease any further as all of the negative factors seem to have been priced in and its overall fundamental factors have not been reflected yet. He recommended Bangkok Dusit Medical Services PCL (SET: BDMS), Bumrungrad Hospital PCL (SET: BH), and Praram 9 Hospital PCL (SET: PR9).
