Thailand’s stock market may not be grabbing headlines right now, but beneath the surface, select names are quietly gaining strength. While broader sentiment remains mixed, stocks like GULF, DELTA and PTTEP are showing clear signs of accumulation, with multiple bullish signals emerging from the 1GT (Pro) Indicator. From trend reversals to breakout continuations and pullback opportunities, these setups suggest that smart money is already positioning ahead of the next potential move.

For investors looking to tap into these opportunities, Thailand SDRs listed on SGX provide a simple and cost-effective way to gain exposure in SGD terms, without needing direct access to the Thai market. With clear technical structures and defined entry strategies, this could be a timely opportunity to start building positions, especially for those looking to ride the next wave of momentum using a disciplined, trend-following approach.

Gulf Development Public Company (GULF.BK) is one of Thailand’s leading infrastructure and energy players, with a core focus on power generation, renewable energy, and large-scale infrastructure projects. 

The company has been expanding aggressively across both domestic and regional markets, positioning itself as a key beneficiary of long-term energy demand and economic growth.

From a technical perspective, GULF has undergone a clear trend reversal, transitioning from a prolonged base into a sustained uptrend, with the 100-day moving average (100d MA, red line) crossing above the 200-day moving average (200d MA, blue line) in February 2026.

Note that two consecutive 1GT (Pro) Bullish signals are still playing out, with no signs of reversal yet.

Shorter-term trend basing off the 20-day moving average (20d MA, green line) has recently started to resume its upwards trajectory, aligning with the longer-term trend.

After the price has rebounded from the 52 THB (S$2.08) support zone in early March, it has been testing the resistance around 62 THB (S$2.48). 

If price manages to break and hold firmly above the resistance, it opens the path toward the next upside target towards 72 THB (S$2.88).

💡 So how does one take a position in the Gulf Development Public Company TH SDR traded on the SGX?

Investors can access GULF through the Gulf Dev TH SDR 1to1 (Ticker: TGUD)  listed on the SGX, note that it trades with a 1 SDR to 1 share ratio. 

This allows investors to gain exposure in SGD terms without needing to trade directly on the Thai exchange.

Based on a 0.04 THB-to-SGD exchange rate, the SDR is currently priced around S$2.34 - S$2.36.

For a conservative entry, one could potentially wait for a pullback towards the support zone around 52 THB (S$2.08) to accumulate on dips near support. 

For a more aggressive entry, one could look to position on a confirmed breakout above 62 THB (S$2.48), using a breakout strategy with reference to the new higher support.  

Delta Electronics (DELTA.BK) is a leading global provider of power management and electronic components, with strong exposure to data centres, EV infrastructure, and industrial automation.

The company is widely regarded as a key beneficiary of long-term trends in electrification and digitalisation.

From a technical standpoint, DELTA has been in a well-established uptrend, with prices consistently forming higher highs and higher lows, and all 3 moving averages are heading in the same direction. 

The longer-term trend remains firmly intact, supported by the upward slope of both the 100d and 200d MAs.

Notably, multiple 1GT (Pro) Bullish signals have appeared along the way, with the most recent signal still active and showing no signs of weakness.

Recently, price has managed to break and hold above the 230 THB level (S$9.20), turning it to become a new support. 

A sustained move above this level could pave the way toward the next upside target around 380 THB (S$15.20).

💡 So how can investors gain exposure to Delta Electronics via the TH SDR on SGX?

For those looking to participate, it is available through the Delta TH SDR 1to1 (Ticker: TDED) listed on the SGX, which trades on the SGX with a 1 SDR to 1 underlying share ratio, allowing investors to track the underlying Thai-listed stock directly in SGD terms.

Based on the 0.04 THB-to-SGD exchange rate, the SDR is currently priced around S$12.57 - S$12.59 closely reflecting the underlying chart structure.

An approach would be to wait for a pullback towards the new support around 300 THB (S$12.00), and observe if price is able to hold firmly above this level. Signs such as the formation of candlesticks with long lower shadows could indicate emerging buying pressure, helping to validate this new higher support before considering an entry, with a potential upside target towards 380 THB (S$15.20). 

PTT Exploration & Production (PTTEP.BK) is Thailand’s national oil and gas exploration company, focused on upstream energy operations across Southeast Asia and the Middle East. 

As a key player in the energy sector, the company is closely tied to global oil prices and regional energy demand.

Technically speaking, PTTEP has been in a steady uptrend, with prices forming a consistent series of higher highs and higher lows since the start of 2026. 

Currently, all 3 moving averages are sloping upwards, supporting both the short-term & longer-term structure. 

Earlier 1GT (Pro) Bullish signals that appeared towards the end of the price consolidation phase has helped identify the initial trend reversal, and the momentum has since carried price higher.

More recently, price broke above the 145 THB (S$5.80) level before extending toward the recent high near 164.5 THB (S$6.58), where profit taking returned. 

At this stage, price looks to be undergoing a mild pullback, with price approaching back towards the support zone around 145 THB (S$5.80).

As long as price continue to hold firmly above the support zone, the broader uptrend structure remains intact and any renewed interest from this zone could open the path towards a retest of the resistance zone. 

💡 So how can investors position themselves in PTTEP via the TH SDR on SGX?

For investors looking to gain exposure, one can take a position via the PTTEP TH SDR 1to1  (Ticker: TPED), which trades on the SGX with a 1 SDR to 1 underlying share ratio. 

Using the 0.04 THB-to-SGD exchange rate, the SDR is currently priced around S$5.98 - S$6.0, in line with the underlying chart structure.

One possible approach is to monitor the current pullback and look for signs of support holding around the 145 THB (S$5.80) level, where price previously broke out. 

A stabilisation at this zone could offer an opportunity to accumulate on dips. The longer price is able to hold above the support zone, the stronger it suggests that buyers are stepping in to defend the area. Additional signs such as the appearance of bullish candlestick patterns and the 20-day moving average starting to flatten could further support the case for accumulation, offering a potential opportunity to position in line with the prevailing uptrend, with a potential move back toward 164.5 THB (S$6.58).

 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 are keen to find out more on how to be a VIP Client of mine to receive daily market updates and exclusive actionable stock ideas, you can check it out here!

Look forward to see you on the inside!

- Joey

Disclaimer and Warning
This publication is provided by Trading Impossible Pte Ltd for general information and educational purposes only. Trading Impossible Pte Ltd is NOT licensed or regulated for the provision of investment or financial advice, and we do not seek to do so.
This content has been produced by Trading Impossible Pte Ltd. Singapore Exchange Limited (“SGX”) and/or its affiliates (collectively with SGX, the “SGX Group Companies”) have not had any input into this publication and/or the content, and SGX shall not be responsible or liable for the same. This document/material is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document/material has been published for general circulation only. It does not address the specific investment objectives, financial situation or particular needs of any person. Advice should be sought from a financial adviser regarding the suitability of any investment product before investing or adopting any investment strategies. Use of and/or reliance on this document/material is entirely at the reader’s own risk. Trading Impossible Pte Ltd shall not be liable for any loss arising from any investment based on any perceived recommendation, forecast, or any other information contained here. Investment products are subject to significant investment risks, including the possible loss of the principal amount invested. Past performance of investment products is not indicative of their future performance. Any forecast, prediction or projection in this document/material is not necessarily indicative of the future or likely performance of the product. Examples (if any) provided are for illustrative purposes only. This document/material is not intended for distribution to, or for use by or to be acted on by any person or entity located in any jurisdiction where such distribution, use or action would be contrary to applicable laws or regulations or would subject the SGX Group Companies to any registration or licensing requirement. While each of the SGX Group Companies have taken reasonable care to ensure the accuracy and completeness of the information provided, each of the SGX Group Companies disclaims any and all guarantees, representations and warranties, expressed or implied, in relation to this document/material and shall not be responsible or liable (whether under contract, tort (including negligence) or otherwise) for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind, including without limitation loss of profit, loss of reputation and loss of opportunity) suffered or incurred by any person due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information, or arising from and/or in connection with this document/material. The information in this document/material may have been obtained via third party sources and which have not been independently verified by any SGX Group Company. No SGX Group Company endorses or shall be liable for the content of information provided by third parties (if any). The SGX Group Companies may deal in investment products in the usual course of their business, and may be on the opposite side of any trades. Each of SGX, Singapore Exchange Securities Trading Limited and Singapore Exchange Bond Trading Pte. Ltd. is an exempt financial adviser under the Financial Advisers Act (Cap. 110) of Singapore. The information in this document/material is subject to change without notice. This document/material shall not be reproduced, republished, uploaded, linked, posted, transmitted, adapted, copied, translated, modified, edited or otherwise displayed or distributed in any manner without SGX’s prior written consent. Please note that the general disclaimers and jurisdiction specific disclaimers found on SGX’s website at http://www.sgx.com/terms-use are also incorporated into and applicable to this document/material.