ASL Highlights Selective Winners as Thai Stock Market Bounces Back

Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, stated during the “Kaohoon” program on June 9, 2026, that the Thai market may potentially rebound following the upward movement of regional markets, especially in Japan, South Korea, Taiwan, China, Singapore, the Philippines, and Indonesia, all of which saw increases this morning.

ASL set a key resistance level for the SET Index at 1,573 points, with this round of rebound supported by a positive sentiment in foreign markets, and buying forces in big-cap stocks after the previous market correction.

For today’s pick, ASL recommended BCP, which is attractive due to the easing trend in global oil prices. The support level is around THB 33, and resistance level is at THB 36.

As for MTC, the brokerage firm viewed it as a trading stock, with support at around THB 27 – 27.75 and resistance at THB 31.25. Should the price break the THB 31 threshold, it may potentially rise as high as THB 35.

Meanwhile, GULF remains in a strong position, with support at THB 64 and resistance at THB 65 – 66. This stock is suitable for holding or short-term speculation based on news flow and market momentum.

Additionally, ASL also recommends BCH, with support at THB 9 and resistance at THB 10. Meanwhile, BBL is still considered attractive for medium to long-term investment, with support level at THB 170, should it fall below THB 169, increased caution is advised, moreover, resistance level was given at THB 175 – 176.

Key factors to monitor include: the Middle East situation, as Israel halted its attacks upon President Donald Trump’s request, the oil prices has since plummeted, creating a potential volatility in oil and petrochemical stocks such as PTTGC and IVL, as such, cautious investment is required.

Another issue is the direction of fund flows, especially in mid-June as SpaceX’s public debut may redirect the fund back to the AI and tech sector, causing short-term volatility before stabilizing thereafter.

Mr. Suchet added that the hospital sector is currently not a main target for weighting increase. Despite earlier rise in interest, the sector’s 1Q26 earnings were not outstanding, especially BDMS which showed limited recovery, while BCH may rebound as its price has corrected sharply.

Interesting sectors include the banking sector, with many stocks hitting new highs, particularly BBL, which still has considerable upside compared to others in the group. For KTB, short-term upside is now limited after the price reached around THB 35.50 – 36, and SCB’s current price is considered fully valued.

Lastly, retail stocks such as CPALL and CPAXT are seen as potentially benefiting from government stimulus measures, which are increasing economic liquidity and supporting short-term purchasing power.