Mr. Pobchai Phatrawit, Equity and Digital Asset Strategist at InnovestX Securities, a securities company in the SCBX group, during the “Kaohoon” program on January 12, 2026, expects today’s support and resistance levels for the Stock Exchange of Thailand (SET) Index to be 1,250 – 1,245 points and 1,265 – 1,270 points, respectively. He forecasted that the SET Index will likely move sideways-up, supported by positive sentiment from foreign markets.
Mr. Pobchai pointed to the release of the U.S. jobs report. Although nonfarm payrolls showed a weaker-than-expected growth, unemployment rates also dipped lower, indicating that the U.S. labor market remains resilient. The market also maintains its forecasts that the U.S. Federal Reserve will cut interest rates twice this year, while the timing is now expected to be later than previously anticipated. Nonetheless, these generated positive sentiment for the U.S. and Asia markets.
As for domestic catalysts, Mr. Pobchai highlighted the upcoming election as candidates now begin debating and presenting their policies. This should give the market clearer visibility on which sectors may benefit from specific policy proposals. He also pointed to the release of 4Q25 earnings reports, starting with the banking sector. Although analysts expect profits to be broadly in line with the same period last year, they noted that dividend yields remain attractive, averaging around 6–7%.
For specific stocks, Mr. Pobchai recommended Krung Thai Bank PCL (SET: KTB) from the banking sector, Advanced Info Service PCL (SET: ADVANC) from ICT sector, and Muangthai Capital PCL (SET: MTC) and AP (Thailand) PCL (SET: AP) from financial sector. He also recommended Bangkok Bank PCL (SET: BBL) and Ratchthani Leasing PCL (SET: THANI), citing their strong historical outperformance driven by the January effect.
