Are you ready to uncover some of the most promising opportunities in the Thai stock market, accessible right here on the SGX?

In this article, I’ll dive into the technical analysis of three Thai powerhouses — Airports of Thailand (AOT), Advanced Info Service (ADVANC), and Kasikornbank (KBANK) — all listed as Singapore Depository Receipts (SDRs).

These stocks are showing strong momentum, clear breakout signals, and well-defined support and resistance levels, offering strategic entry points for traders. Whether you're looking for conservative pullbacks or aggressive breakouts, I’ll guide you through actionable strategies to position yourself for potential gains.

Don’t miss the chance to learn how to capitalize on these Thai market leaders — read on to discover why these SDRs could be your next winning trade!

1) Airports Of Thailand (AOT.BK)

Airports of Thailand Public Co. Ltd. is the operator of major airports across Thailand, serving as a critical gateway for domestic and international air travel.

The company plays a pivotal role in supporting Thailand's tourism and logistics industries.

Technically, AOT is showing signs of recovery, with prices currently trading at THB 61.00 (S$2.38).

After rebounding from its key support at THB 54.00 (S$2.10), the stock has climbed steadily, recently triggering a bullish 1GT signal (green) near the THB 60.00 (S$2.34) level.  

1GT stands for One Good Trend which is my strategy to pick winning stocks that are aligned with the trend.

This signal aligns with the breakout above the THB 60.00 (S$2.34) resistance which has now turned support, suggesting the uptrend may still have room to play out.

The 20-day moving average (green line) is starting to slope upward, confirming short-term bullish momentum.

Meanwhile, the 100-day moving average (red line) and 200-day moving average (blue line) are stabilizing, signaling a potential shift from consolidation to upward momentum.

On the upside, the next key resistance lies at THB 68.00 (S$2.65). A breakout above this level could see the stock extend its gains further.

On the downside, immediate support is at THB 60.00 (S$2.34), and a break below this level may see the stock retrace toward the stronger support at THB 54.00 (S$2.10).

So how does one take a position in Airport Of Thailand from the SDR traded on the SGX?

Well, you can take a position in this SDR, which is named Airports TH TH SDR1to1 (TATD), currently priced at S$2.41.

For traders, a more conservative entry would involve waiting for a potential retracement to THB 60.00 (S$2.34) to confirm support.

Alternatively, an aggressive entry could be made at current levels, with a target of THB 68.00 (S$2.65) and a stop loss below THB 60.00 (S$2.34) to manage risk effectively.

2) Advanced Info Service (ADVANC.BK)

Advanced Info Service Public Co. Ltd. is one of Thailand’s leading telecommunications providers, offering a wide range of mobile, broadband, and digital services.

The company plays a pivotal role in driving connectivity and digital transformation across Thailand.

Technically, ADVANC is currently trading at THB 293 (S$1.15), showing resilience as it holds firmly above the immediate support at THB 270 (S$1.05), which aligns with a recent bullish signal (green) from my 1GT (Pro) Indicator.

This signal, triggered during the rebound off support, continues to play out as the stock approaches key resistance levels.

The 20-day moving average (green line) is trending upwards, reflecting short-term bullish momentum, while both the 100-day moving average (red line) and 200-day moving average (blue line) are sloping higher, confirming a strong long-term uptrend.

The alignment of these averages suggests that ADVANC remains firmly within a bullish phase.

On the upside, the immediate resistance to watch is at THB 300 (S$1.17).

A breakout above this level could pave the way for further gains, with the next significant resistance at THB 330 (S$1.28), where profit-taking might emerge.

On the downside, support lies at THB 270 (S$1.05), and a break below this level may lead to a retest of lower levels.

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

Well, you can take a position in this SDR, which is named AIS TH SDR 10to1 (TADD) currently priced at S$1.15.

For traders, a conservative approach would involve waiting for a pullback toward THB 270 (S$1.05) - THB 280 (S$1.09) for a potential buying opportunity.

Alternatively, an aggressive entry could be made at current levels with expectation of a breakout above THB 300 (S$1.17) soon. Target can then be revised to THB 330 (S$1.28).

Setting a stop loss below THB 270 (S$1.05) would help manage downside risk effectively.

Note that for ADVANC, there is a ratio of 10 SDR to 1 underlying stock, so the conversion from Thai bath to SGD will be to times 0.039 then divided by 10.

3) Kasikornbank (KBANK.BK)

Kasikornbank Public Co. Ltd. is one of Thailand’s leading financial institutions, offering a comprehensive range of banking services, including retail, corporate, and SME banking, alongside digital innovations to support its customers' financial growth.

Currently trading at THB 156 (S$6.08), KBANK has been displaying bullish momentum following its rebound from the support level of THB 145 (S$5.65).

The recent upward movement has been accompanied by a bullish signal (green) from my 1GT (Pro) Indicator, triggered near the THB 145 (S$5.65) level, which remains valid and continues to support the uptrend.

The 20-day moving average (green line) is sloping upwards, indicating strong short-term momentum.

Additionally, the 100-day moving average (red line) and 200-day moving average (blue line) are trending higher, further validating a positive long-term outlook.

The alignment of these moving averages underpins the ongoing recovery in KBANK's price action.

On the upside, the immediate resistance to monitor is at THB 160 (S$6.24).

A breakout above this level could propel the stock higher toward the next key resistance at THB 175 (S$6.82).

Conversely, on the downside, immediate support is found at THB 145 (S$5.65).

A break below this level could signal weakness, with the stock potentially retracing toward lower levels.

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

Well, you can take a position in this SDR, which is named Kasikorn BK TH SDR1to1 (TKKD) currently priced at S$6.15.

For traders, an entry at current levels or on a pullback toward the THB 145 (S$5.65) support could offer favorable risk-reward opportunities.

A stop loss below THB 145 (S$5.65) would help manage downside risk effectively.

A more aggressive entry would be to wait for a breakout above THB 160 (S$6.24) which could attract further bullish momentum, targeting the THB 175 (S$6.82) resistance.

Footnote: Currency conversion used from THB to SGD is 0.039.

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

Hope you have found the above content useful 😃 

If you have yet to attend my FREE webinar on how I select HIGH PROBABILITY WINNING STOCKS, you can check it out here!

Look forward to see you on the inside!

- Joey

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