Thai SDR Monthly: May 2024 – CP All and Kasikornbank to outperform June 2, 2024 77

Summary of Performance in May & Outlook for June:


Heading into June, we are most upbeat on CP All and Kasikornbank to outperform the other Thai SDRs. Meanwhile, price consolidation is likely for Airports of Thailand and Delta Electronics. Conversely, we are bearish on PTT Exploration & Production, Gulf Energy Development and Advanced Info Service.




Red shading = Downtrend, Negative Returns/Outlook

Green shading = Uptrend, Positive Returns/Outlook

Gray shading = Range Consolidation, Neutral Returns/Outlook

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Zane Aw
Technical Analyst

I analyze the stock market and conduct technical analysis to provide investment recommendations. I look forward to having a conversation with you in our in-house seminars and presentations to identify good risk-reward trading strategies together. I graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours).

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