After months of rangebound volatility, several Thai blue chips have started to show signs of life and they’re doing it through the Singapore Exchange. With more than 40 Thai stocks now available as SDRs (Singapore Depository Receipts), local investors finally have direct access to some of Thailand’s most important companies — in sectors like telco, banking, and electronics all traded in SGD and cleared via CDP.

In this issue, we spotlight three Thai SDRs that are currently in strong technical uptrends: Advanced Info Service (TADD), Kasikornbank (TKKD), and Delta Electronics (TDED). All three have recently triggered fresh 1GT (Pro) bullish signals, and their price action is aligning across key moving averages. Whether you're a trend follower or breakout trader, these setups could offer compelling reward-to-risk profiles as the Thai equity market quietly builds strength beneath the surface.

1) Advanced Info Service (ADVANC.BK)

Advanced Info Service Public Co. Ltd (ADVANC), Thailand’s largest mobile operator, has been showing improving technical strength recently, with both short-term and long-term trends starting to align in favour of the bulls.

Advanced Info Service (ADVANC.BK), continues to exhibit strength amid a broad base recovery in the telecom sector. The stock has been trading within a well-defined range for much of 2024, but recent price action suggests it may be ready to break higher.

After rebounding strongly from the 260 THB (S$1.04) support zone in June, prices has steadily pushed higher. The recent bullish 1GT (Pro) signal, which triggered as prices approached the 290  THB (S$1.14) resistance level has remained intact. Prices are now pressing against the key 300 THB (S$1.20) ceiling.

What’s promising is the continued upward slope of both the 100-day and 200-day moving averages, a sign that the longer-term trend structure remains healthy. The 20-day moving average has also curled upward and now provides a near-term support zone.

If price manages to break above the 300 THB, we could see the next upside target toward the 310 THB (S$1.24) resistance, which would represent a new high for ADVANC.

So how does one take a position in ADVANC from the SDR traded on the SGX?

You can access this setup via Advanced Info SDR 10to1 (TADD), currently trading near S$1.16–S$1.18.

A conservative strategy would be to accumulate on dips toward the S$1.12–S$1.16 range (THB 280–290), with a stop below the 100-day MA, where the immediate support is broken.

A more aggressive entry would be on a clean breakout above S$1.20 (THB 300), with a target toward S$1.24 (THB 310).

With improving trend alignment and the latest 1GT signal still active, this stock remains one to watch as it eyes a potential breakout.

2) Kasikornbank (KBANK.BK)

Kasikornbank Public Company Ltd (KBANK), one of Thailand’s leading financial institution, plays a major role in the country’s financial ecosystem with comprehensive services across consumer, corporate, and SME banking. 

The stock bounced off the 153 THB (S$6.12) support in August, supported by the rising 200-day moving average. Since then, it’s delivered a steady series of higher lows, with the most recent 1GT (Pro) signal in late Aug continuing to play out.

The short-term moving average (green line) has crossed above the 100-day (red line), and both are now trending higher, a classic sign of strengthening momentum. Price has held firm near 164–166 THB in recent weeks, consolidating just beneath the 170 THB (S$6.80) resistance.

This coiling price action, along with 3 back-to-back bullish 1GT signals, suggests that the next breakout move could be underway, provided price can push past 170 THB cleanly.

So how does one take a position in Kasikornbank from the SDR traded on the SGX?

You can do so via the Kasikornbank SDR 1to1 (TKKD), currently trading near S$6.55–S$6.60.

A conservative strategy would be to build a position closer to the rising support around 153–156 THB (S$6.12), with a stop loss if the immediate support gives way..

An aggressive approach would be to enter on a confirmed breakout above 170 THB (S$6.80), targeting the next resistance at 180 THB (S$7.20).

The base looks strong, the trend is turning up, and the 1GT system is leaning bullish — making this a timely setup to watch.

3) Delta Electronics (DELTA.BK)

Delta Electronics (Thailand) PCL (DELTA) is a key player in the region’s electronics manufacturing sector, has staged an impressive recovery from its April 2025 lows, with recent technical signals suggesting that bullish momentum could continue.

Following a prolonged consolidation from May to July around the 90–120 THB range, Delta Electronics triggered a bullish 1GT (Pro) signal in mid July, where momentum really started accelerating. The stock cleared 170 THB (S$6.80) in early Oct and hasn’t looked back, riding its 20-day moving average all the way to the 200 THB (S$8.00) region.

The setup now looks like a textbook momentum breakout. Short-term pullbacks have been shallow, and the recent minor dip in October could bounce quickly off the previous resistance-turned-support at 170 THB (S$6.80). All three key moving averages 20-day, 100-day, and 200-day are aligned and sloping up.

With this strong trend in place, the next upside targets to watch are 200 THB (S$8.00) and 230 THB (S$9.20), which represent measured extensions from previous swing ranges.

So how does one take a position in Delta Electronics from the SDR traded on the SGX?

You can do so via the Delta Electronics SDR 1to1 (TDED), currently priced around S$7.00–S$7.10.

A conservative entry could be considered on dips toward 170 THB (S$6.80), especially if the 20-day moving average holds.

More aggressive traders may consider entering here, riding the trend toward the next resistance at 200 THB (S$8.00) and 230 THB (S$9.20), using a trailing stop to protect gains.

Momentum is strong, the structure is clear, and this stock continues to deliver one of the strongest charts among the Thai SDR universe.

Footnote: Currency conversion used from THB to SGD is 0.040.

About the Author - Joey Choy

Joey is Singapore’s renowned mentor on how to make an income by trading the stock market, an author and one of the most-watched, quoted and followed stock trading trainers in Singapore. Over the years, he has conducted numerous full house seminars, enriching thousands to trade more profitably. 

Joey’s come back story from a S$740k debt has been featured in the Business Times and inspired thousands in Singapore. In less than 3 years, he is highly regarded as one of the Top Tier Remisiers (Stock Brokers) and Traders, bagging numerous yearly awards like Top Trading Representative and Top CFD Achiever every year from 2014 to 2023 in Phillip Securities.

More about Joey here

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- Joey

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