Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, stated during the “Kaohoon” program on September 22, 2026, that the Thai stock market outlook maintains a positive trajectory, setting resistance level for the SET Index at 1,620 points, and support levels around 1,600 and 1,590 points.
The overall international equity markets atmosphere continues to bolster local investment sentiment, with key Asian stock markets strengthening—including South Korea and Taiwan—while European equities traded in positive territory, giving the Thai equity market room to advance further.
For technical stock picks, ASL recommended EGCO after its share price rose to around THB 131, setting resistance at THB 133.50 and support at THB 130.
For KTC, ASL projected a target trading range around THB 39 – 40, with key support at approximately THB 36, making it suitable for swing trading.
Regarding GULF, following a share price gain on the previous day, ASL maintains a positive outlook, citing minor resistance near THB 63.50 and primary resistance at THB 65, with support at THB 61 – 62, recommending gradual accumulation.
Meanwhile, Mr. Suchet identified TCAP as an attractive holding stock, targeting a price range of THB 89 – 90, noting that a decline below THB 83 toward THB 80 would present a compelling entry point.
Addressing the third-quarter 2026 earnings outlook, Mr. Suchet highlighted commercial banks as a standout sector warranting close monitoring, while the telecommunications sector shows recovery potential, particularly big-cap stocks whose valuations fell significantly earlier.
For TRUE, first-half earnings showed positive momentum, and if third-quarter profit trends persist, it could support the stock price moving closer to the THB 13 level.
Regarding the healthcare sector, despite initial foreign capital inflows, overall share prices have yet to show a clear upward movement, while the commerce sector is positioned to gain support from economic activity and the year-end tourism season.
The oil and petrochemical sector shows an improving outlook relative to last year’s low base, creating potential for earnings recovery, while the electronics sector remains supported by ongoing data center investment momentum.
Furthermore, data center-related businesses—including industrial estates, water and electrical utilities, and power—stand to benefit from expanding investment in the sector, as market participants await clarity on government plans and project approvals.
