Mr. Koraphat Vorachet, Assistant Director and Division Head of Research at Krungsri Securities (KSS), stated in the “Kaohoon” program on June 18, 2026, that the Thai market may potentially stabilize and rebound, setting a resistance level for the SET Index at 1,600 – 1,605 points and a support level at 1,580 points. Should international conflicts ease, the bourse might rally to the 1,620 – 1,650 range, although some profit-taking could occur along the way.
The Federal Reserve (Fed) latest meeting, under the chairmanship of Kevin Warsh, clearly marks a new era for the central bank. The recent Dot Plot indicates that 9 members see a possibility of one interest rate hike in the near future, while another 9 believe policy rates may remain steady or decrease slightly. This signaled that the Fed remains relatively hawkish, citing concerns over inflationary pressures from energy prices.
Nevertheless, KSS believes the market may start discounting some of the Fed’s hawkish signals, as crude oil prices are declining following signs of reduced tension between the U.S. and Iran. The reopening of the Strait of Hormuz could also help ease energy pressures, potentially prompting the Fed to adopt a more dovish stance at the next meeting.
Domestically, the Stock Exchange of Thailand announced the addition of new stocks to the SET50 index, which includes BCP, MRDIYT, TFG, and THAI. This is in line with KSS’ earlier forecasts, with expectations that THAI will see an inflow of about THB 1 billion, while BCP, MRDIYT, and TFG are projected to attract roughly THB 300 – 350 million each.
As for investment strategy, KSS recommends selective play—focusing on laggard stocks with potential to rebound from falling energy prices, such as MTC, SCC, and KBANK.
KBANK has a short-term resistance level at THB 207, and, if surpassed, it may test THB 210, with support level at THB 202. SCC’s resistance is at THB 250; a breakout could see it climb to THB 255 – 260, with support at THB 243. MTC has support around THB 30, and if it holds, it could rebound to test the THB 31 – 32 level.
Additionally, KSS assesses that DELTA may start to consolidate at around THB 240–250, with selling pressure from active funds likely subsiding, helping to support the broader market. Going forward, market movement is expected to be driven by a variety of stocks, rather than relying solely on DELTA.
