Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, stated during the “Kaohoon” program on June 23, 2026, that investors should be cautious of the downward pressure on the Thai market. This comes after several regional markets, such as Japan, South Korea, and Taiwan, declined.
The analyst set a key support level for the SET Index at 1,560 points and a resistance level at 1,600 points. Should the index weaken to the 1,570 – 1,560 level, he would consider this a safer entry point for investment. Investors should remain cautious about short-term sell-offs due to the ongoing volatility in regional bourses.
Today’s notable stocks include TOA, whose share price continues to rise, with key resistance at THB 14.50 and support at around THB 13.50. If the stock dips near THB 13, it could become attractive for speculative buying.
For BCPG, support is in the THB 6.70 – 7.00 range after the price has slumped to the average level, while resistance is at THB 7.50. Should it break this level, there is potential to move up to THB 8 – 8.50.
MTC has shown signs of recovery over the past two weeks, rebounding from around THB 27 to approximately THB 30. Clearing the resistance at THB 30 could signal the next target between THB 31.75 – 32, with key support at THB 30 and 29 levels.
CENTEL still exhibits positive signals in line with other tourism-related stocks. Its price has risen to close around THB 36.25, with the next resistance at THB 38.50 – 39, and possible testing of the THB 40 level if momentum continues.
As for the energy and oil sectors, caution remains advisable, as oil prices have softened following the easing of war tensions and the Strait of Hormuz reopening to more oil shipments, leading to greater distribution in the market. This may pressure oil-related stocks, such as PTT, PTTEP, TOP, BCP, as well as the petrochemical sector.
The power sector could become more attractive if the prices decline, especially for GULF, for which the analyst monitors a potential entry point at THB 60. Meanwhile, GPSC and BGRIM have seen little movement.
Additionally, Mr. Suchet suggests maintaining caution with other assets. Gold prices continue to fluctuate downward, and Bitcoin, after rising to test $64,000, has also shown short-term weakness. Investors should exercise greater caution when speculating.
For industries of interest, the analyst highlights the banking and leasing sectors, in particular KBANK, which has substantial upside with the target price set between THB 220 – 240. BBL has an upper target price of THB 185. As for KTB, SCB, and TISCO, share prices have started reflecting positive factors and are nearing fair value.
The tourism and hotel sector is starting to show positive signals, with CENTEL standing out and maintaining an upward technical trend. Meanwhile, AOT’s price around THB 60 has approached fair value in the short term, and a move to THB 65-70 may require waiting until
Q3 – Q4, or around September-October, for reassessment.
In the food and commerce sectors, although business costs are decreasing in line with energy prices, stock prices have yet to see significant upward movement. This applies to CPALL, CPAXT, and CPF, as the sector awaits signs of a turnaround.
