ASL Picks Five Winners as Thai Stock Market Remains Volatile

published 2 d ago · en · source ↗

Affected tickers

Per-ticker News Sentiment Indicator

BJCother · neutral · high
The article provides technical support and resistance levels for BJC as part of a general market outlook, without indicating any specific material news or fundamental change for the company.
BTGother · positive · med
ASL Securities identified BTG as one of the five recommended stocks, noting a support level at THB 21 and resistance at THB 22 – 22.50.
DELTAmacro · negative · med
The analyst noted that declines in Taiwanese markets are likely to put pressure on the electronics component sector, specifically mentioning DELTA.
KBANKother · positive · med
The analyst noted that KBANK still has upside potential, with an estimated rise to THB 250, despite broader market volatility.
KKPother · positive · med
The analyst highlighted KKP as having strong potential due to a low profit base and expected recovery in auto loans and investment banking business.
MAJORother · neutral · high
The article discusses market volatility and highlights specific stock picks, but it does not mention Major Cineplex Group Public Company Limited.
PTTEPmacro · positive · med
The analyst highlights that rising crude oil prices are a positive factor for the energy sector, specifically noting that PTTEP is backed by rising oil prices.

Article body

Mr. Suchet Suktae, Deputy Managing Director, Media Marketing Department of ASL Securities, stated during the “Kaohoon” program on July 14, 2026, that the Thai market is expected to remain volatile in line with Asian stock markets, following declines in Japanese, Taiwanese, and South Korean markets. Notably, the Taiwanese market experienced a drop of around 3%, which is likely to put pressure on the electronics component sector, including major stocks like DELTA. However, rising crude oil prices are seen as a positive factor for the energy sector. WTI crude oil is currently trading around $79 per barrel, while Brent crude is about $84 per barrel. As a result, the analyst expected that oil-related stocks will outperform the overall market. For the SET Index, Mr. Suchet set the key support level at 1,600 – 1,614 points, and a resistance level at 1,630 – 1,650 points. He advised investors to exercise caution given that international markets and U.S. stock futures are moving in negative territory, with the Thai baht continuing to depreciate. Recommended stocks include BTG , with a support level at THB 21 and a resistance level at 22 – 22.50; BCPG , with key support at THB 7 and resistance at THB 7.70 – 8 after improved technical signals. PTTEP was given a support level at THB 138.50 – 140 and a resistance level at THB 143.50. Should it surpass THB 145 threshold, there is potential to test THB 150 level, backed by rising oil prices. Meanwhile, the analyst set BJC ’s support level at THB 14.50, and resistance level at THB 15.30 – 16, while GUNKUL has support at THB 4.70 and key resistance at THB 4.90 – 5. Mr. Suchet added that between July 15 – 20, 2026, investors should monitor the earnings reports from the banking sector. He considers KKP to have strong potential, given its low profit base from the previous year and expectations of a recovery in auto loans and investment banking business. The target price was given at THB 120. Additionally, KBANK still has upside potential to its target price, with an estimated rise to THB 250. In contrast, KTB has already seen significant gains, as such investors should take extra caution. The analyst also highlighted TCAP as an attractive pick following consistent price increases; if it breaks through the THB 70 resistance level, its steady earnings growth could support further upside.