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.

Thematic (Sector/Industry)

<ul><li>The SET Index is likely to move sideways and consolidate, as global financial markets have already priced in the US tax cut bill to some extent, with bond yields and US stock markets stabilizing.</li><li>Domestically, although the Cabinet has approved the economic stimulus plan, details of each project are still pending.</li><li>For today, the support levels are estimated at 1,173/1,160 points and the resistance levels at 1,185/1,200 points.</li></ul>

The SET Index is likely to move sideways and consolidate, as global financial markets have already priced in the US tax cut bill to some extent, with bond yields and US stock markets stabilizing.Domestically, although the Cabinet has approved the economic stimulus plan, details of each project are still pending.For today, the support levels are estimated at 1,173/1,160 points and the resistance levels at 1,185/1,200 points.

KTX Zoom: Global Financial Markets Have Priced in US Tax Cut - MAY 23, 2025

<ul><li>The SET Index is likely to move sideways as the market lacks clear supporting factors and signs of sector rotation begin to emerge.</li><li>For example, bank stocks are seeing profit-taking after strong gains, while buying interest is shifting toward sectors like telecommunications and energy.</li><li>On the external front, concerns over high bond yield conditions continue to weigh on the market. </li></ul>

The SET Index is likely to move sideways as the market lacks clear supporting factors and signs of sector rotation begin to emerge.For example, bank stocks are seeing profit-taking after strong gains, while buying interest is shifting toward sectors like telecommunications and energy.On the external front, concerns over high bond yield conditions continue to weigh on the market. 

KTX Zoom: Bond Auction Yield Rises & Half-Price Thai Travel Scheme - MAY 22, 2025

<ul><li>The SET edged higher for the second consecutive day, despite ongoing profit-taking pressure and the lack of new catalysts, as well as the impact from the MSCI rebalancing.</li><li>DELTA's rebound played a key role in supporting the index, while the market focused on the 1Q25 earnings and DR (depositary receipt) stocks.</li><li>The index remains on track to test the resistance at 1,221 points.</li></ul>

The SET edged higher for the second consecutive day, despite ongoing profit-taking pressure and the lack of new catalysts, as well as the impact from the MSCI rebalancing.DELTA's rebound played a key role in supporting the index, while the market focused on the 1Q25 earnings and DR (depositary receipt) stocks.The index remains on track to test the resistance at 1,221 points.

<ul><li>The SET Index initially surged to 1,231.02 points, supported by optimism surrounding the US-China trade negotiations.</li><li>However, buying activity remained concentrated in blue-chip stocks already favored by the market, as well as China-related plays such as SCC, PTTGC, IVL, and DELTA, which continued to gain.</li><li>Despite the strong start, profit-taking pressure eventually weighed on the index, prompting a pullback.</li></ul>

The SET Index initially surged to 1,231.02 points, supported by optimism surrounding the US-China trade negotiations.However, buying activity remained concentrated in blue-chip stocks already favored by the market, as well as China-related plays such as SCC, PTTGC, IVL, and DELTA, which continued to gain.Despite the strong start, profit-taking pressure eventually weighed on the index, prompting a pullback.

<ul><li>Although most Asian bourses soared, the SET faced profit-taking pressure early in the morning session due to the upcoming long holiday and a lack of new positive catalysts.</li><li>This led to selling in large-cap stocks.</li><li>However, optimism surrounding the China-US trade negotiations attracted buying interest in the afternoon, particularly in DELTA, energy, and China play stocks, enabling the index to rebound and close up 0.99% from the previous wee</li></ul>

Although most Asian bourses soared, the SET faced profit-taking pressure early in the morning session due to the upcoming long holiday and a lack of new positive catalysts.This led to selling in large-cap stocks.However, optimism surrounding the China-US trade negotiations attracted buying interest in the afternoon, particularly in DELTA, energy, and China play stocks, enabling the index to rebound and close up 0.99% from the previous wee

Thailand

Global Power Synergy Company Ltd. (GPSC) provides utilities services. The Company generates and distributes electricity, steam, and processed water. GPSC serves customers in Thailand.

Global Power Synergy Company Ltd (GPSC TB)

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Global Power Synergy Company Ltd (GPSC TB)

KTX Zoom: Global Financial Markets Have Priced in US Tax Cut - MAY 23, 2025

The SET Index is likely to move sideways and consolidate, as global financial markets have already priced in the US tax cut bill to some extent,...

Krungthai XSpring

KTX Zoom: Bond Auction Yield Rises & Half-Price Thai Travel Scheme - MAY 22, 2025

The SET Index is likely to move sideways as the market lacks clear supporting factors and signs of sector rotation begin to emerge.

Krungthai XSpring

Technical Analysis - MAY 15, 2025

The SET edged higher for the second consecutive day, despite ongoing profit-taking pressure and the lack of new catalysts, as well as the impact...

Krungthai XSpring

Technical Analysis - MAY 14, 2025

However, buying activity remained concentrated in blue-chip stocks already favored by the market, as well as China-related plays such as SCC,...

Krungthai XSpring

Technical Analysis - MAY 13, 2025

Although most Asian bourses soared, the SET faced profit-taking pressure early in the morning session due to the upcoming long holiday and a lack...

Krungthai XSpring

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)