Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, stated during the “Kaohoon” program on October 6, 2026, that during the current investment outlook, investors should continue to overweight big-cap stocks in the SET50 Index, as most still demonstrate strong earnings outlooks and price structures, with many being highly liquid market-leading securities.
Mr. Suchet stated that when examining the relationship between share prices and earnings per share, several stocks in the SET50 remain at investable levels, particularly those backed by fundamental factors and clear profit growth trajectories. Consequently, selecting large-cap stocks offers greater safety than chasing price rallies that lack fundamental support.
For today’s SET Index outlook, ASL set a support level at around 1,560 – 1,570 points, with a resistance level at 1,585 points and a key secondary resistance level around 1,600 points. The market retains potential to move higher, but requires fresh catalysts to build confidence and revive trading volume.
Furthermore, Mr. Suchet noted that the Thai stock market’s trading value on the previous day stood at approximately THB 55 billion, which is relatively low compared to recent months. While several Asian equity markets posted solid gains, the Thai market failed to follow, reflecting a lingering absence of positive catalysts sufficient enough to bolster investor confidence.
On investment strategy, sectors such as tourism, airports, airlines, and hotels are becoming increasingly attractive. Government policies and support measures for tourism in the coming period are expected to serve as key drivers, enabling gradual accumulation of shares in these sectors ahead of a future recovery and positive developments.
Meanwhile, the electronics sector remains another area to watch, as share prices of several companies remain elevated while third quarter 2026 earnings outlooks present a potential supporting factor for stock prices. Gradual accumulation is advised ahead of earnings announcements, particularly for stocks with robust price structures.
For the energy and petrochemical sector, investors should focus on a swing trading strategy, as oil prices remain highly volatile due to geopolitical situations. With crude prices fluctuating rapidly as long as international conflicts remain unresolved, chasing rallies during sharp oil price spikes is not advisable.
For individual stocks, ASL recommends XO, setting a support level at THB 18.50 and a resistance level at THB 19.60.
In the home retail sector, the analyst viewed ILM as having the most prominent earnings trend in the group, with a target price estimated near THB 16. Meanwhile, GLOBAL was given support at THB 6.20, and resistance at THB 7.30, and a target price in the range of THB 8 – 9.
For DOHOME, recovering earnings trends create potential for the stock price to rise and test the 5-baht level. Meanwhile, HMPRO is expected to report earnings close to last year’s level, with an estimated price range of THB 7 – 8.
In the energy and power plant group, GPSC has a support level at THB 45 and a resistance level at THB 52, while BGRIM sees support at THB 18 and resistance at THB 19. Mr. Suchet placed a support level for GULF at THB 58.50 and a resistance level at THB 60.
In the banking sector, KBANK has a buying opportunity at around THB 230 – 240 baht, with a resistance near THB 250, according to the analyst. SCB has a critical support level at THB 147.50, which should not be breached, and a resistance level at THB 150.
For electronic components, DELTA is given support at THB 260 and resistance at THB 270, while KCE has support at THB 74 and resistance at THB 80, with the sector remaining attractive for gradual accumulation ahead of earnings.
In the insurance sector, Mr. Suchet identifies BLA as having the most outstanding earnings trend in the group, followed by TLI and TQM. TQM is set with support around THB 14.30 14.50 and resistance at THB 15.60.
Additionally, BDMS has support at THB 18.70 and resistance at THB 19.20, while TU sees support at THB 12.50 and resistance at THB 13.10.
For stocks in the CP Group, Mr. Suchet remarked that overall earnings performance for certain companies in the group remains uninspiring. However, CPALL, with the price reaching near the 40-baht level, has a potential for a technical rebound, whereas in the CPAXT case, investors were recommended to monitor further developments and timing before investing.
