Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, stated during the “Kaohoon” program on May 5, 2026, that the Thai market today remains in a sideways pattern, setting a support level for the SET Index at 1,475 points and a resistance level at 1,500 points, amid a downward trend in the regional markets.
For today, ASL highlighted the following stocks including: PTT Oil and Retail Business Public Company Limited (SET: OR), which has benefited from the rising global oil prices in the past 1-2 days, while the share price itself shows a rebound signal. The analyst set a support level for the equity at THB 12, with the next level at THB 11.53 baht, and a resistance at THB 12.50 – 13.
Another energy sector stock of interest is Thai Oil Public Company Limited (SET: TOP), which remains outstanding in its group. The analyst set a support level at THB 47.25, and a resistance level at THB 49 – 50.
For the food sector, Betagro Public Company Limited (SET: BTG) is recommended, with a support level at THB 22, and a resistance level at THB 23, reflecting range-bound movement.
Meanwhile, i-Tail Corporation Public Company Limited (SET: ITC) is viewed as having a positive earning trend and an uptrend in price, with the analyst setting a support level at THB 16 – 16.50, and a resistance level at 17.50. There is a potential for a new high if the price continues to move positively.
Mr. Suchet added that in the food sector, ITC offers greater confidence than Thai Union Group Public Company Limited (SET: TU), as TU still needs clear performance results after facing multiple pressures in the past 1-2 years, regardless of TU’s attractive valuation and a potential to rebound to the THB 16 – 17 range if its earnings are positive.
For the banking sector, ASL recommends SCB X Public Company Limited (SET: SCB) after its price stabilized at around THB 131. The analyst set a support level at THB 129, and a technical resistance level at THB 135, reflecting robust price stabilization before market close.
Mr. Suchet also noted that Kasikornbank Public Company Limited (SET: KBANK) remains interesting due to its strong business structure and the share price headroom compared to its THB 200 target price. Meanwhile, Kiatnakin Phatra Bank Public Company Limited (SET: KKP), though showing outstanding recovery, the price has already gained significantly, as such the upside may be limited compared to KBANK.
