Mr. Chaiyot Jiwangkul, Assistant Director of Securities Analysis at Krungsri Securities (KSS), stated in the “Kaohoon” program on January 7, 2026, that the Stock Exchange of Thailand (SET) Index will move sideway within limited range due to the lack of new catalysts. He expects today’s support and resistance levels for the index to be 1,265 – 1,270 points and 1,280 – 1,285 points, respectively.
Regarding the U.S. intervention in Venezuela, Mr. Chaiyot stated the development could increase global oil supply and put pressure on oil prices. This could weigh on upstream energy stocks such as PTT Exploration and Production PCL (SET: PTTEP) and Banpu PCL (SET: BANPU). However, the drop of oil prices could support the aviation and construction services sectors.
As for specific stocks, Mr. Chaiyot recommended Gulf Development PCL (SET: GULF), citing the strength of the Thai baht, lower gas prices, and new growth drivers, as well as Advanced Info Service PCL (SET: ADVANC), pointing to its continued strong growth. KSS sets fair prices of THB 59 per share for GULF and THB 360 per share for ADVANC.
He also noted that Thai Airways International PCL (SET: THAI) and Airports of Thailand PCL (SET: AOT) may rebound, citing Thailand’s Civil Court permission for THAI’s new board of directors to assume their roles and AOT’s confirmation that its passenger service charge (PSC) increase will remain on schedule.
