Head of Research, Krungthai XSpring

Waraporn Wiboonkanarak

Head of Research

A full service Thai brokerage

Krungthai XSpring

Krungthai XSpring is a full service broker. The company provides a wide range of investment services such as Securities Brokerage, Derivative Agent Business, Securities Borrowing and Lending, Securities Trading, Underwriting, Financial Advisory, Wealth Advisory, Private Fund Management and International Markets Securities Trading. 

In terms of credibility, Fitch Ratings has assigned Krunghtai XSpring a long-term rating of AA- and a national short-term rating of F1+ with stable outlook.

Technical Analysis

Hana Microelectronics / Technical Analysis

<ul>
<li>The SET Index surged back above 1,600 points, supported by gains in the Tokyo, Taiwan, and South Korean markets despite persistent tensions in the Middle East and concerns over US interest rates.</li>
<li>The recovery above 1,600 points has strengthened bullish momentum.</li>
<li>We recommend buying on dips and selling into strength.</li>
</ul>


The SET Index surged back above 1,600 points, supported by gains in the Tokyo, Taiwan, and South Korean markets despite persistent tensions in the Middle East and concerns over US interest rates.
The recovery above 1,600 points has strengthened bullish momentum.
We recommend buying on dips and selling into strength.


Krungthai XSpring Technical Eng. - September 8, 2026

Thematic (Sector/Industry)

<ul><li>The US Supreme Court’s decision to overturn President Trump’s markets.</li><li>Therefore, we recommend buying near support levels, while closely monitoring DELTA’s price movement and fund flow trends for guidance.</li><li>DELTA’s sharp surge was the key driver, pushing the index up to 1,506 points and helping it close in positive territory, despite afternoon selling pressure in banking, energy, commerce, finance, and hospital stocks.</li></ul>

The US Supreme Court’s decision to overturn President Trump’s markets.Therefore, we recommend buying near support levels, while closely monitoring DELTA’s price movement and fund flow trends for guidance.DELTA’s sharp surge was the key driver, pushing the index up to 1,506 points and helping it close in positive territory, despite afternoon selling pressure in banking, energy, commerce, finance, and hospital stocks.

Krungthai XSpring Technical Eng. February 24, 2026

<ul><li>The SET lacked fresh positive catalysts.</li><li>The pullback has helped ease overbought conditions without damaging the overall price structure or market sentiment, as fund inflows persist and the uptrend remains intact.</li><li>Therefore, we recommend buying near support levels, but investors should cut losses if fund flows turn negative, as the index could enter a deeper correction phase.</li></ul>

The SET lacked fresh positive catalysts.The pullback has helped ease overbought conditions without damaging the overall price structure or market sentiment, as fund inflows persist and the uptrend remains intact.Therefore, we recommend buying near support levels, but investors should cut losses if fund flows turn negative, as the index could enter a deeper correction phase.

Krungthai XSpring Technical Eng. February 23, 2026

<ul><li>The SET surged as fund inflows extended for the fourth consecutive day (with only two net selling sessions so far this month).</li><li>The index has surged 63.5 points over the past four sessions and 168.29 points so far this month, pushing it into overbought territory.</li><li>Therefore, we recommend buying on weakness and selling into strength.</li></ul>

The SET surged as fund inflows extended for the fourth consecutive day (with only two net selling sessions so far this month).The index has surged 63.5 points over the past four sessions and 168.29 points so far this month, pushing it into overbought territory.Therefore, we recommend buying on weakness and selling into strength.

Krungthai XSpring Technical Eng. February 20, 2026

<ul><li>However, the SET maintained its positive momentum, supported by continued fund inflows, 4Q25 earnings results, and political developments.</li><li>The index was volatile, briefly slipping into negative territory during intraday trading.</li><li>Nonetheless, we recommend buying on weakness and selling on strength, as the index still has room to advance—particularly while fund inflows persist.</li></ul>

However, the SET maintained its positive momentum, supported by continued fund inflows, 4Q25 earnings results, and political developments.The index was volatile, briefly slipping into negative territory during intraday trading.Nonetheless, we recommend buying on weakness and selling on strength, as the index still has room to advance—particularly while fund inflows persist.

Krungthai XSpring Technical Eng. February 19, 2026

Thailand

Bank of Ayudhya Public Co., Ltd., also known as Krungsri, is a leading commercial bank in Thailand providing a comprehensive range of universal banking services. It offers personal, corporate, and SME banking services, including auto loans, home loans, transaction accounts, investment banking, and treasury services. The bank is headquartered in Bangkok, Thailand, and was established in 1945.

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Bank of Ayudhya (BAY TB)

Krungthai XSpring Technical Eng. - September 8, 2026

The SET Index surged back above 1,600 points, supported by gains in the Tokyo, Taiwan, and South Korean markets despite persistent tensions in the...

Krungthai XSpring

Krungthai XSpring Technical Eng. February 24, 2026

DELTA’s sharp surge was the key driver, pushing the index up to 1,506 points and helping it close in positive territory, despite afternoon selling...

Krungthai XSpring

Krungthai XSpring Technical Eng. February 23, 2026

The pullback has helped ease overbought conditions without damaging the overall price structure or market sentiment, as fund inflows persist and...

Krungthai XSpring

Krungthai XSpring Technical Eng. February 20, 2026

The SET surged as fund inflows extended for the fourth consecutive day (with only two net selling sessions so far this month).

Krungthai XSpring

Krungthai XSpring Technical Eng. February 19, 2026

However, the SET maintained its positive momentum, supported by continued fund inflows, 4Q25 earnings results, and political developments.

Krungthai XSpring

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