KSS says SET is starting to base out, flood situation 65% past its peak, recommends 6 standout stocks

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Summary · why it matters

Koraphat Worachet, Head of Research at Krungsri Securities Public Company Limited, or KSS, said on the stock-focused market news program on October 1, 2026, that the Thai stock market has a chance to begin forming a base from now on if there are no additional significant negative factors from the flood situation. He assessed that overall water conditions have about a 65% chance of having already passed their peak, although some areas still face the risk of another round of flooding, the severity is not expected to exceed that of the past weekend. On the impact, KSS stated that water levels in the northern region that could flow down and add to the situation remain at about 70-75% of the level seen during the great flood of 2011, and if the impact is limited to one to two weeks, it could affect GDP by about 0.3%, compared with 2011, when the impact on GDP reached as much as about 3%. On investment strategy, KSS recommended six standout stocks: KBANK and KTB in the banking group, on the trend of large corporate customer loans growing in line with investment in data centers and AI infrastructure; KCE and DELTA in the electronic components group, with KSS raising its target price for KCE to 69.70 baht; PTTGC in the petrochemical group, on its joint venture cooperation with the Siam Cement Group and the chance of support from the MSCI index review in November; and COM7 in the consumer and finance group, on the trend of continued growth in smartphone and IT equipment sales. It also gave a support range for the SET Index at 1,545-1,550 points and a resistance level at 1,580 points.

Impact on assets 8

Financials▲ · 3 stocks
Consumer Discretionary▲ · 1 stocks
Com7 PCL
COM7
▲ PositiveDemandrelevance

KSS recommends COM7 on the trend of continued growth in smartphone and IT equipment sales.

Semiconductors▲ · 1 stocks
Materials▲ · 1 stocks
Electrification & Mobility▲ · 1 stocks
Climate Adaptation & Water▲ · 1 stocks

Off-coverage companies 1

Krungsri Securities Public Company LimitedPrivate± Mixed
relevance

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