Quiet Strength in Thailand: 3 Stocks Showing Constructive Setups

Executive Summary

Thailand’s equity market is starting to stabilise after a prolonged period of consolidation, supported by improving regional sentiment and a shift toward more accommodative global rate expectations. As risk appetite gradually returns, capital is rotating back into high-quality Thai blue chips with strong fundamentals and sector leadership.

In this month’s Thai SDR update, Advanced Info Service (ADVANC), Delta Electronics (DELTA), and PTT Exploration & Production (PTTEP) stand out as their charts turn increasingly constructive. All three are holding above key moving averages and have flashed fresh 1GT (Pro) bullish signals near important support zones. If momentum continues to build, these names could be early beneficiaries of Thailand’s next upside phase, with SGX-listed SDRs offering Singapore-based traders a straightforward way to participate in SGD.

1) PTT Exploration & Production (PTTEP.BK); PTTEP TH SDR 1to1 (TPED)

PTT Exploration & Production (PTTEP.BK) is Thailand’s national upstream energy champion, focusing on petroleum exploration, development, and production across Thailand, Southeast Asia, and the Middle East. As a core subsidiary of the PTT Group, PTTEP is a direct beneficiary of firm energy prices and remains a key proxy for regional energy demand and cash-flow resilience.

After spending much of last year in a prolonged downtrend, the stock has recently broken above the 124 THB (S$4.96) level and is showing a clear improvement in structure. 

Price has stabilised and is now trading back above both the 100-day (red line) and 200-day (blue line) moving averages. 

More importantly, both longer-term moving averages have started to flatten and turn higher, signalling that downside momentum has faded, and a medium-term trend reversal may be underway. 

The 20-day moving average (green line) has also turned up, reflecting improving short-term momentum. 

Price pushed decisively above the 124 THB (S$4.96) zone, which had previously acted as a resistance area. Price then continues to move higher and breaks above the 132 THB (S$5.28) resistance, potentially turning into a new support. 

This breakout has shifted the structure back into a higher-high, higher-low sequence, suggesting that buyers are regaining control. 

There are also currently 2 consecutive 1GT (Pro) Bullish signals that remain in play, signalling buying strength as well. 

With this breakout in place, the next resistance to watch sits around the 140 THB (S$5.60) level, where profit-taking could emerge. The immediate support is now at around 132 THB (S$5.28). 

As long as the price holds above the key support around 124 THB (S$4.96) level, the overall structure remains constructive.

💡 So how does one take a position in from the PTT Exploration & Production TH SDR traded on the SGX?

To take a position via the PTTEP TH SDR 1to1 (Ticker: TPED), which is listed on the SGX, note that it trades with a 1 SDR to 1 share ratio. 

Based on a 0.04 HKD-to-SGD exchange rate, the SDR is currently priced around S$5.40–S$5.60, in line with the underlying chart structure.

More conservative participants may prefer to wait for the price to consolidate and hold above the 132 THB ($5.28) level before adding exposure. 

More aggressive traders could look to position on a confirmed continuation above the breakout of 140 THB (S$5.60), with 148 THB (S$5.92) as the next upside objective, while keeping the 124 THB (S$4.96) zone in mind as the key support that needs to hold for the bullish setup to remain intact.

2) Advanced Info Service (ADVANC.BK); ADVANC TH SDR 10TO1 (TADD)

Advanced Info Service (ADVANC.BK) is Thailand’s largest mobile network operator and a core pillar of the country’s digital infrastructure. Its businesses span mobile services, broadband, enterprise solutions and digital platforms, making it a key proxy for Thailand’s domestic consumption, connectivity growth and long-term digitalisation theme.

After breaking out from the 320 THB (S$1.28) level, the stock has shown more strength and remains firmly in an uptrend, where multiple 1GT (Pro) Bullish signals appeared. 

Price continues to trade comfortably above both the 100-day (red line) and 200-day (blue line) moving averages, with both averages still sloping higher, confirming that the broader medium to long-term trend remains intact. 

The 20-day moving average (green line) has accelerated upward alongside the latest advance, showing strong short-term momentum that is aligned with the longer-term trend.

New higher support zones were found as the follow-through rally suggests buyers remain firmly in control. 

Structurally, the chart continues to form higher highs and higher lows, a classic sign of trend continuation rather than exhaustion.

Price is now moving toward the resistance of 400 THB (S$1.60), with the current support at 380 THB (S$1.52).

The next upside target is at 400 THB (S$1.60). This is where some profit-taking could emerge, but a sustained hold above 360 THB (S$1.44) would keep the bullish structure intact. 

As long as price holds above these levels, the overall setup remains constructive.

💡 So how does one take a position in Advanced Info Service from the TH SDR traded on the SGX?

You can take a position via the Advanced Info Service Thai SDR 10to1 (Ticker: TADD), which trades on the SGX with a 10 SDR to 1 underlying share ratio. 

Using the 0.04 THB-to-SGD exchange rate, the SDR is currently priced around S$1.55–S$1.65, closely reflecting the underlying chart structure.

A more conservative approach would be to accumulate on pullbacks toward the 380 THB (S$1.52) support zone, where potential buying pressure could return. 

More aggressive traders may look to participate in a confirmed breakout above 400 THB (S$1.60), with 420 THB (S$1.68) as the next upside target. 

3) Delta Electronics Public Co. (DELTA.BK); DELTA ELECTRONICS TH SDR 1TO1 (TDED)

Delta Electronic Public Co. (DELTA.BK) is one of Thailand’s most prominent electronics manufacturers and a key regional player in power management, industrial automation, electric vehicle components, and energy-efficient solutions. As a major supplier to global technology and industrial firms, Delta is widely viewed as a proxy for structural growth themes such as electrification, automation, and green energy adoption.

After a sharp pullback from the previous peak near the 230 THB level (S$9.20) in Nov 2025, the stock found firm support around the 160 THB level (S$6.40), where a 1GT (Pro) bullish signal was triggered after rebounding from that level, marking a clear resumption of buying interest.

The 20-day moving average (green line) has also started to slope upwards after the rebound from the 160 THB level (S$6.40), where there is more short-term strength coming in. 

Price continues to hold above both the 100-day (red line) and 200-day (blue line) moving averages, with both still sloping upward, signalling that the broader uptrend is intact despite recent volatility. 

Since then, the price has rebounded steadily and is now moving toward the 230 THB level (S$9.20) resistance level again. This level was where price was capped previously and remains the key near-term resistance level. 

A decisive break and hold above this level would strengthen the bullish case and open the path toward the next major psychological resistance of 300 THB (S$12.00), where profit-taking could emerge.

💡 So how does one take a position in Zijin Gold from the HK SDR traded on the SGX?

You can take a position via the Delta Electronics TH SDR 1to1 (Ticker: TDED), 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$8.90–S$9.10, in line with the underlying chart structure.

More conservative participants may prefer to look to accumulate on pullbacks toward the 160 THB (S$6.40) support zone.

More aggressive traders could position for upside on a firm breakout above 230 THB (S$9.20), with 300 THB (S$12.00) as the upside target, while considering having a stop loss below the aforementioned support zone to manage downside risk. 

 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.

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