Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, stated during the “Kaohoon” program on May 5, 2026, that the Thai market today may potentially move sideways, setting a key support level for the SET Index at 1,475 points and a resistance level at 1,500 points, amid a downward trend in the regional markets.
For short-term investment strategies, Mr. Suchet recommends following individual stocks, with the first pick being MINT, which closed at THB 21.10 in the previous session. The analyst set a support level at THB 20.20 and a resistance level at THB 22, with the price fluctuating within the range, making it suitable for short-term trading.
The second pick is GPSC, with the latest price at THB 38.50. A support level is given at THB 36.50 and a resistance level at THB 42.50. The analyst stated that rising oil prices may draw investor interest back to the energy and power plant sectors.
For the third stock, TRUE was recommended; the latest price is THB 14.20, down THB 0.20 from the previous day. The key support level is at THB 14.00, and the resistance level is at THB 14.50. Investors should monitor whether the price can break through the resistance level.
In addition, Mr. Suchet recommends monitoring STECON, with the latest price at THB 13.10, down THB 0.80. A supporting level is gauged at THB 12.50 and a resistance level at THB 14.00. For ICHI in the food sector, the latest price is THB 12.60, down THB 0.10. The key supporting level is given at THB 12.00, and a resistance level at THB 13.00. These stocks can be used for speculative or short-term trading.
Mr. Suchet further stated that the overall earnings of listed companies that have recently been released are better than expected or at a satisfactory level, especially in some industries that continue to grow as estimated. However, the market still faces volatility due to the ongoing war situation, which may impact business costs, particularly oil prices.
If oil prices remain high, three main sectors will be affected—energy, power plants, and petrochemicals. In the short term, energy and petrochemical sectors are not to be overlooked, especially companies such as IVL, PTTGC, SCC, and SPRC, which may benefit from high product and oil prices.
For the petrochemical sector, Mr. Suchet noted that in recent years, many companies have faced significant pressure on their earnings, but if oil and product prices continue to rise, this year could see an outstanding recovery in the sector, with key support from elevated product prices due to the war and energy situation.
Meanwhile, he also recommends monitoring the ICT group, especially ADVANC and TRUE, which are related to technology infrastructure and future growth. DELTA is also viewed as a stock for the long-term investment theme in future technology. If accumulated at the right time, it could see significant growth in the future.
