Mr. Koraphat Vorachet, Assistant Director and Division Head of Research at Krungsri Securities (KSS), stated in “Kaohoon” program on November 13, 2025, that the decline in the Stock Exchange of Thailand (SET) Index yesterday was due to the poor earnings performance in the service sector.
The market, especially stocks in the service sector, was pressured by weaker-than-expected earnings results from CP Axtra Public Company Limited (SET: CPAXT), impacting its major shareholder, CP All Public Company Limited (SET: CPALL) as well.
Nonetheless, Mr. Koraphat anticipated a rebound today as CPALL and Bangkok Dusit Medical Services PCL (SET: BDMS) reported earnings stronger than the estimation. Furthermore, the U.S. congress recently passed a bill that will likely end its longest shutdown. These developments have generated positive sentiments that will possibly recover the index momentum.
Therefore, Mr. Koraphat expects today’s support and resistance levels for SET Index will be 1,280 – 1,274 points and 1,300 – 1,310 points, respectively, and recommended speculative trading on CPALL and BDMS as well.
Mr. Koraphat added that the U.S. has been focusing on the utility sector as the nation requires massive amounts of electricity to construct and maintain its data centers for AI development. Moreover, the nation also receives massive inflow capital due to the investment agreement it made with other nations in exchange for low import tariff rate.
This will likely benefit companies that have invested in the U.S territory, generated electricity, or related to technology infrastructure. As for the latter Mr. Koraphat recommended Advanced Info Service PCL (SET: ADVANC), True Corporation PCL (SET: TRUE), and Gulf Development PCL (SET: GULF).
