ASL Sees Thai Stocks Bouncing Back Above 1,600-Mark, Highlighting SAWAD as Top Pick

Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, stated during the “Kaohoon” program on June 16, 2026, that the Thai market may potentially test the resistance level of 1600-1,609 points, with the banking sector remains attractive, especially commercial banks such as KBANK and KTB, which are well-positioned to support upcoming public funds and economic expansion.

For short-term top picks, ASL highlights SAWAD, recommending mid-to long term investment based on a rebound signal. The resistance level is set at THB 23, and if surpassed, the stock could test THB 25.

ASL also sees short-term speculative opportunities in PTG, with key resistance at THB 7.80 – 8.00, and BAM, which is experiencing a rebound, with resistance at THB 7.50 – 8.00.

SCAP, a small-cap stock, is suitable for speculation, with a strong resistance at THB 0.80. For BTG, the next target level is set at THB 22 should it break through THB 21.

In addition, ASL also highlights technology, electronic parts, and AI-themed sectors, which are expected to grow over the next 1-5 years. Standout stocks include DELTA, HANA, and KCE, as well as small-caps in the sector like SVI, TEAM, and CCET. However, SMT may carry higher risk due to its already elevated share price.

Meanwhile, Mr. Suchet maintains a positive outlook for the ICT sector for the next 1-2 years, with ADVANC and TRUE as highlights. Within the industrial estate group, opportunities remain from investment expansion and data centers, especially WHA, which has a short-term target price of THB 6.00 – 6.50 and potential to reach THB 7, while AMATA has a target price at around THB 25.

However, the analyst advised investors to be cautious with short-term energy stocks such as PTT, PTTEP, BCP, and TOP, as global oil prices may weaken once the war situation eases. He recommended considering partial profit-taking and waiting for repurchase opportunities when oil prices stabilize or fall to $50 – 60 per barrel. As for petrochemical stocks including SCC, PTTGC, and IVL, short-term pressure may persist, but a recovery is possible in 3Q26 – 4Q26 if the economy improves.