Mr. Pobchai Phatrawit, Equity and Digital Asset Strategist at InnovestX Securities, a securities company in the SCBX group, stated in “Kaohoon” program on October 27, 2025, that several developments this week could extend gains for the Stock Exchange of Thailand (SET) Index, position its movement to align with Asia stock markets’. He estimated that today’s resistance level would be between 1,330 – 1,335 points and the support level would be at approximately 1,315 points
Regarding the deal with the U.S., Mr. Pobchai stated that Thailand is likely at a slight disadvantage as the nation has to eliminate about 99% tariffs on U.S. goods, while the U.S. still keeps the 19% tariffs. Still, this rate, which replaced the original rate of 36%, could help Thailand’s GDP grow by around 2 – 2.2% this year, prevent the recession, and benefit the electronics export. Furthermore, it could attract more foreign direct investment, in exchange for tax revenue of about THB 50 – 60 billion per year.
Another development that could support the stock market is the third quarter performance report. Last week, Delta Electronics (Thailand) PCL (SET: DELTA) released its performance outlook, showing growth better than the estimation. Its net profit reached THB 7.4 billion, ahead of the forecast of THB 5.7 billion. The analysts may adjust the company’s outlook after today’s analyst’s meeting.
As for Siam Cement PCL (SET: SCC) and PTT Exploration and Production PCL (SET: PTTEP) that are about to release performance this week, the analysts forecast weak outlooks. However, if these companies displayed better-than-forecast performance, it could become a positive sentiment that supports the market
Mr. Pobchai also highlighted two other events that are likely to affect the market. First is the Federal Reserves’ meeting that is likely to result in an interest rate cut by a quarter-point. Second is the promising result from the meeting between officials from the U.S. and China. The U.S. official stated that the preliminary negotiations have a positive conclusion as the U.S. removed the decision to increase tariffs on Chinese goods by 100% off the negotiation table, while China has shown signs of relaxing its restriction on software and rare earth export.
By the end of this week, Mr. Pobchai estimates that the SET Index will increase to about 1,370 – 1,380 points if the overall performance of Thai companies show promising results. However, he pointed out the market is unlikely to reach 1,400 points.
