Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, stated during the “Kaohoon” program on September 15, 2026, that the Thai stock market may potentially move within a key resistance level of 1,615 points, while the support level is given at 1,590 points and 1,572 points, noting that the banking and energy sectors still have potential to lead the market during this period.
For top stock picks, KTB was assigned, with a support level at THB 42.75 and a resistance level at THB 46. The analyst viewed that large banks still hold an advantage in operating results. Although high interest rates may elevate some financial costs, overall profit drivers remain supportive.
Meanwhile, BAM was given support at THB 6.35 and resistance at THB 7, with buying interest beginning to return. However, the economic recovery is not yet strong enough to boost performance to targets, making it suitable for speculative trading.
The support for EASTW was set at THB 4.90 and resistance at THB 5.30, with potential to benefit from data center investment expansions requiring water and infrastructure support. For AH, the support is assigned at THB 14.50 and resistance at THB 16.80.
Additionally, PTT has support at THB 40.75 and resistance at THB 44, with potential to test THB 45 if the price can break through the initial resistance, supported by rising Brent and WTI crude prices favoring energy and petrochemical stocks.
Mr. Suchet stated that the upward trend in oil prices allows oil and petrochemical stocks to potentially lead the market, making medium-term investments attractive due to momentum from global energy prices. Energy value chain stocks—upstream, midstream, and downstream—all stand to benefit, though downstream businesses hold a long-term advantage. Furthermore, rising commodity prices could positively affect the rubber sector.
However, sustained higher oil prices will raise costs across several industries, particularly the commercial sector, which may face heightened cost pressure, warranting increased investment caution.
For the electronics sector, DELTA may face short-term pressure from specific factors, while other electronics stocks still have room to move upward. Data center-related stocks may experience short-term slowdowns, but their medium-term outlook remains intact.
Regarding interest rates, if the U.S. Federal Reserve raises policy rates, leasing and insurance sectors may not see immediate benefits, whereas large banks remain at an advantage. Despite higher financial costs, large banks maintain the potential to generate profit, keeping banking and energy as the two main market-leading sectors.
Regarding domestic politics, short-term government stability is assessed as not significantly impacted, as recent issues do not directly involve government personnel. Nonetheless, ongoing developments must be monitored alongside economic recovery and market trading volume, which will serve as clearer indicators of investor confidence.
