KS Eyes Domestic Play with Positive Momentum in SET Index Throughout 1H23

Kasikorn Securities (KS) has a positive outlook for SET Index throughout the first half of 2023, as previously estimated that the Index could move higher before the Federal meeting in the middle of December, and assesses a resistance level at 1,666 points and 1,700 points for the rest of the year. On the other hand, if the index decreased, KS affirms its outlook that the market would not make a new low or not lower than 1,550 points. KS maintained its first support level at 1,605 points, seeing that the Thailand economy and the profit of listed companies were still growing.


In addition, KS gives recommendations to invest in Domestic Play stocks such as CK for the construction sector, PLANB for the media sector. Meanwhile, potential stocks for the outlook of the profit in the fourth quarter of 2022 increased from the same period and the previous quarter, and next year increased more than 15% are SNNP, PTG, CRC, PLANB, EGCO, GPSC, HENG and BE8.