Mr. Koraphat Vorachet, Assistant Director and Division Head of Research at Krungsri Securities (KSS), during the “Kaohoon” program on February 5, 2026, expects today’s support and resistance levels for the Stock Exchange of Thailand (SET) Index to be 1,336 points and 1,366 points, respectively.
Currently, technology stocks are facing a massive sell-off as investors were concerned about potential overvaluation following the sector’s strong rally. This development has weighed on several Asian markets. However, Mr. Koraphat estimated that the SET Index will move sideways rather than decline as it is supported by strong inflow capital.
These funds were shifted from Indonesia following MSCI’s possible downgrade of the country’s index weighing and status. Thailand has emerged as a key destination for fund rotation due to its high liquidity. Stocks likely to attract inflows include Advanced Info Service PCL (SET: ADVANC), PTT PCL (SET: PTT), Gulf Development PCL (SET: GULF), CP All PCL (SET: CPALL), and major banking stocks.
Mr. Koraphat also recommended a few specific stocks, including Bangchak Corporation PCL (SET: BCP) from the refinery sector, citing its laggard status and strong gross refinery margins, as well as Asset World Corp PCL (SET: AWC) and Central Plaza Hotel PCL (SET: CENTEL) from the tourism sector, supported by strong growth in tourist arrivals, particularly from China.
