Mr. Thakrit Chatcherdsak, Assistant Director of Krungsri Capital Securities’ Research Department, during the “Kaohoon” program on January 16, 2026, expects today’s support and resistance levels for the Stock Exchange of Thailand (SET) Index to be 1,252 points and 1,272 – 1,284 points, respectively.
He estimated the SET Index will trend upward, supported by improved market sentiment following easing U.S.–Iran tensions, yesterday’s strong rally that lifted the index by 17.09 points to close at 1,261.39, and the election rally. The market responded positively to yesterday’s debate among political parties, as several proposals focused on reducing living costs and increasing liquidity in the economy.
There is also the release of the 4Q25 outlooks from Krungthai Card PCL (SET: KTC) and TISCO Financial Group PCL (SET: TISCO), which highlighted a decline in non-performing loans. As a result, Mr. Thakrit recommended the retail and financial sectors, citing their deep-value appeal. Regarding the banking sector, there are signs of upside. However, given last year’s strong growth, any further gains are likely to be short-term.
For specific stocks, Mr. Thakrit recommended Gulf Development PCL (SET: GULF), citing significant share purchases from the company CEO and strong growth in overseas technology stocks. He also recommended Electricity Generating PCL (SET: EGCO), noting that it has already bottomed out, and Bangkok Dusit Medical Services PCL (SET: BDMS), as its 4Q25 performance is expected to be the strongest compared with previous years.
