Thailand’s equity market is showing renewed life, and some of its biggest names are flashing powerful bullish signals.

Using the One Good Trend (1GT) Strategy, we’ve identified three standout Thai SDRs, ADVANC, KBANK, and DELTA, all of which are traded on the SGX, giving investors in Singapore direct exposure to Thailand’s market leaders. These aren’t random moves. 

All three stocks have shown fresh 1GT bullish signals, breakout strength above key resistance levels, and short-term momentum in sync with longer-term trends.

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.

It has long been a dominant player in the Thai telco sector, benefiting from its robust infrastructure, loyal customer base, and ongoing push into 5G and enterprise digital solutions. 

Through its Singapore Depository Receipt (SDR) listing on SGX, Singapore investors can gain direct exposure to this Thai blue-chip name with simplified access.

From a long-term perspective, the 100-day moving average (red) remains above the 200-day moving average (blue), and both are flattening to slightly upward, signalling that the broader trend structure is still intact after a multi-month consolidation.

In the short term, the 20-day moving average (green) has turned upward and price action has moved above it decisively. This shift in short-term momentum coincides with a fresh 1GT bullish signal, which was triggered after price broke above the THB 285 resistance (S$1.14) level. This is a notable breakout after bouncing off close to the THB 260 support (S$1.04) in July.

The immediate support now sits at THB 285 (S$1.14), the breakout level that has flipped from resistance to support. A deeper retracement could retest the more significant THB 260 (S$1.04) level, which has proven to be a strong floor for buyers multiple times over the past year.

On the upside, the next key resistance is at THB 310 (S$1.24). A sustained move above this zone could open the door for further upside, potentially resuming the broader uptrend that began in mid-2024.

With the 1GT bullish signal still in play, rising short-term momentum, and improving alignment across moving averages, the stock is positioned well for a possible push toward the THB 310 (S$1.24) target, provided theTHB 285 (S$1.14) support holds.

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

You can take a position via the AIS TH SDR 10to1 (TADD), which is currently priced at around S$1.18.

For a conservative traders, consider accumulating near the S$1.14 support if price retests this level, with a stop-loss slightly below to manage risk.

For a more aggressive approach, traders may look to ride the momentum from a breakout above the S$1.24 resistance target. If that level is broken, it could signal the start of a stronger move higher.

With the 1GT signal still active, improving short-term momentum, and strong support structure, ADVANC looks poised for a potential move higher if key levels continue to hold. 

As always, proper risk management is essential.

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 0.040 then divided by 10.

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. 

Known for its strong digital innovation and extensive branch network, KBANK has been a favorite among investors seeking consistent financial sector exposure in Thailand. 

Through the 1:1 SDR listing on SGX, Singapore investors can now access this Thai blue-chip name conveniently using Singapore dollars.

From a long-term perspective, the 100-day moving average (red) is trending above the 200-day moving average (blue), both sloping upward, a clear sign that the broader bullish trend remains intact.

In the short term, the 20-day moving average (green) has sharply turned higher, with price now trading well above all three moving averages. Importantly, we’ve just seen fresh 1GT bullish signals triggered as price pushed decisively toward the THB 170 (S$6.80) resistance level early Aug.

The next resistance to watch is THB 170 (S$6.80). A break above this could pave the way toward the higher resistance at THB 180 (S$7.20), a key target for bullish continuation.

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

One can consider trading the Thai SDR that is listed on the SGX, name is Kasikorn BK TH SDR 1to1. Code TKKD. Currently priced around S$6.69.

The alignment of all three moving averages in an upward slope, coupled with the fresh 1GT Bullish signals, suggests the potential for further upside as long as price holds above S$6.12.

For a conservative approach, look for entries near the S$6.12 support level on any pullback, placing a stop-loss just below.

For a more aggressive approach, traders may ride the momentum if the S$6.80 resistance is breached with the S$7.20 resistance target in mind.

With a strong long-term trend, a recent bullish 1GT signal, and prices holding well above major moving averages, KBANK remains on my radar for potential upside, if market conditions remain favorable and key support levels hold.

As always, proper entry planning and risk management remain key to positioning well for any potential breakout.

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.

Its strong fundamentals and growing relevance in green energy and EV infrastructure have positioned it as a long-term growth candidate. 

With its 1:1 SDR listing on SGX, Singapore investors can now gain direct exposure to this Thai technology leader, with price equivalence in Singapore dollars (THB × 0.040).

From a long-term perspective, the 100-day moving average (red) is still below the 200-day moving average (blue), reflecting the damage from the earlier downtrend. However, the gap between the two is narrowing quickly, and the slope of the 100-day MA has turned upward, an early sign that the long-term trend is attempting to reverse.

In the short term, the 20-day moving average (green) has been trending sharply higher, with price firmly above all three moving averages. This surge followed a fresh 1GT bullish signal in late July, triggered as price broke the THB 120 (S$4.80) resistance level, turning it into a support.

The stock has since cleared the THB 140 (S$5.60) resistance zone and is now consolidating just above it forming a support. Holding above this level would be a bullish sign for further gains.

The next resistance is at THB 170 (S$6.80), a major level from November 2024 where previous rallies stalled. A break above this could confirm the completion of a long-term trend reversal and signal a new bullish phase.

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

One can consider trading the Thai SDR that is listed on the SGX, name is Delta TH SDR 1to1. Code TDED.

With strong short-term momentum, a fresh 1GT bullish signal still active, and improving long-term trend alignment, DELTA is one to watch closely for a potential move toward S$6.80, provided S$5.60 holds as support.

For a conservative approach, wait for a retest of the S$5.60 support level and buy on signs of strength, with a stop-loss just below.

For a more aggressive approach, traders could set themselves up for a breakout trade if price break above the S$6.80 resistance, where potentially another 1GT Bullish Signal could show up, positioning themselves to ride the continued bullish momentum

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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