Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, during the “Kaohoon” program on April 28, 2026, expects the SET Index to move sideways-up with low volume, setting a resistance level at 1,500 points, and a support level at 1,458 – 1,460 points.
The analyst stated that the weaker trading volume is a cause for concern, as market activities are largely clustered around a few big-cap stocks, reflecting investors’ lack of confidence. Furthermore, fund inflows have also weakened, as traders are engaging in a short-term speculative move.
For today’s session, Mr. Suchet recommends accumulating the following stocks, which all have robust fundamentals, including:
- SCB: Setting a support level at THB 130 per share, and a resistance level at THB 135 per share, with a potential of reaching as high as THB 145 per share.
- MOSHI: Setting a support level at THB 34 per share, and a resistance level at THB 37 per share.
- SPALI: Setting a support level at THB 16 per share, and a resistance level at THB 17.50 – 18 per share.
- HMPRO: Setting a support level at THB 6 per share, and a resistance level at THB 6.50 – 7 per share.
- ITC: Setting a support level at THB 14.50 – 14 per share, and a resistance level at THB 16 per share.
Mr. Suchet also provides a breakdown for various sectors, including:
- ICT: Expected to move sideways.
- Electronics: Expected to sharply rise due to surging semiconductor and RAM costs.
- Banking: Expected to jump after 1Q26 earnings reports, with TISCO and KKP scheduled for dividend payment on April 30. Additionally, the analyst also highlighted KTB, which is anticipated to extend gains after the dividend payout due to its involvement in various government projects.
- Oil: Expected to move sideways due to soaring oil prices, with IRPC seeing the most speculative action.
- Food and Commerce: Expected to move along with the rollout of the economic stimulus measures.
- Hospital: Expected to move sideways-down.
- Electricity: The new electricity price scheme is expected to only benefit big-cap stocks, including GULF, GPSC, BGRIM, and RATCH, with GPSC seeing the most benefit, setting a target price at THB 40 – 45 per share.
Mr. Suchet reiterated that investors should adopt the “Trading” strategy with low weighting, as the Thai market is currently in a sideways movement trend.
