InnovestX Expects SET to Swing Sideways-Up, Picks CPN and KKP as Top Stocks

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Summary · why it matters

InnovestX Securities estimates that the SET Index today, October 6, 2026, will swing sideways-up, though gains will remain limited. It sets support at 1,565 and 1,560 points, with resistance at 1,585 and 1,590 points. Positive factors come from lower oil prices after global oil supply began to recover, a plus for refinery and power plant stocks, while electronics stocks may get a boost from the rise in global technology shares. However, the market still faces pressure from the flood situation entering a watch period and continued foreign capital outflows, with foreign investors selling Thai stocks on a net basis for 10 consecutive days totaling more than 37 billion baht. For investment strategy, it recommends Selective Buy and Buy on Dip, choosing CPN as a top short-term pick with a target of 63 baht, expecting third-quarter 2026 normalized profit to grow both year-on-year and quarter-on-quarter, and KKP with a short-term target of 116 baht, expecting third-quarter 2026 net profit to grow 23% year-on-year to 2.06 billion baht, with full-year dividends forecast at 7.50 baht per share, representing a dividend yield of 6.7%.

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