ASL Eyes Thai Stock Market Recovery as Investors Monitor Trump’s Next Move

Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, during the “Kaohoon” program on April 7, 2026, expects the SET Index to jump, with a resistance level at 1,472 points, and a support level at 1,450 – 1,445 points. He disclosed that market participants are monitoring President Donald Trump’s next move on Iran.

ASL has highlighted the following stocks for today’s session including:

  • TLI: The short-term (Buy or Hold), with a support level at THB 10.50, and a resistance level at THB 11.70 – 12. Mr. Suchet remarked that the equity is currently on the uptrend.
  • PTT: The short-term (Buy or Hold), with a support level at THB 34, and a resistance level at THB 36.75. The analyst expects the equity to potentially rebound, as both Brent and WTI crude are currently trading at above $100 per barrel.
  • AWC: The short-term (Buy or Hold), with a support level at THB 2.10, and a resistance level at THB 2.40. The analyst noted that the equity has a sign of reaching the resistance level.
  • EGCO: The short-term (Buy or Hold), with a support level at THB 107, and a resistance level at THB 120. The analyst stated that recently the electricity sector showed signs of improvement.
  • NCAP: The “Speculate” recommendation was given, with a support level at THB 2.40, and a resistance level at THB 2.60 – 2.70. The analyst noted that the equity moves sideways with volatility. If the price falls below the resistance level, the analyst recommends “Sell.”

Mr. Suchet advised investors to monitor news from the U.S. in the morning session, and switch to monitor the European markets in the afternoon, as investors will be pricing in the news. The analyst also reiterated that investors should avoid increasing investment in stocks, maintaining it at around 50% of the portfolio while monitoring the U.S. news.

Regarding the refinery margin control, Mr. Suchet stated that the majority of the catalysts impacting the sector earnings are mostly from overseas, while the margin control is likely to be in the form of a fixed cost. Furthermore, the analyst indicated that most investors in the sector are gauging the investment on the mid-term fundamentals, as such any significant impact will likely materialize in the second half of the year, after the banking sector’s earnings reports.

Mr. Suchet also added that the soaring oil prices will likely attribute at least 20% impact on listed companies’ costs, with the first quarter seeing the most impact. However, if the war is prolonged, the effect will likely impact the second quarter’s earnings.