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 not only rebounded strongly but also recovered all of yesterday’s losses, supported by expectations of new economic stimulus measures, speculation over 3Q25 bank earnings, and optimism that the Fed will cut interest rates.</li><li>These factors spurred broad-based buying across banking, commerce, energy, finance, transportation, and tourism stocks, while DELTA posted a sharp rally.</li><li>As a result, the index climbed back above 1,280 points, accompanied by renewed foreign investor buying.</li></ul>

The SET not only rebounded strongly but also recovered all of yesterday’s losses, supported by expectations of new economic stimulus measures, speculation over 3Q25 bank earnings, and optimism that the Fed will cut interest rates.These factors spurred broad-based buying across banking, commerce, energy, finance, transportation, and tourism stocks, while DELTA posted a sharp rally.As a result, the index climbed back above 1,280 points, accompanied by renewed foreign investor buying.

Krungthai XSpring Technical Eng. October 16, 2025

<ul><li>Although the market lacked fresh catalysts, Asian bourses rebounded following a strong rally in the Nasdaq.</li><li>We expect the index to be volatile due to profit-taking ahead of the long holiday.</li><li>These are clear bullish signals, indicating further upside potential.</li></ul>

Although the market lacked fresh catalysts, Asian bourses rebounded following a strong rally in the Nasdaq.We expect the index to be volatile due to profit-taking ahead of the long holiday.These are clear bullish signals, indicating further upside potential.

Krungthai XSpring Technical Eng. October 10, 2025

<ul><li>The SET rebounded sharply as DELTA, HANA, and KCE rallied in line with the Nasdaq’s gains.</li><li>The index successfully broke above the 1,300-point resistance without showing signs of an immediate pullback.</li><li>We therefore continue to recommend selective speculation, as the index appears poised for further gains and remains far from the overbought zone.</li></ul>

The SET rebounded sharply as DELTA, HANA, and KCE rallied in line with the Nasdaq’s gains.The index successfully broke above the 1,300-point resistance without showing signs of an immediate pullback.We therefore continue to recommend selective speculation, as the index appears poised for further gains and remains far from the overbought zone.

Krungthai XSpring Technical Eng. October 8, 2025

<ul><li>The SET came under profit-taking pressure after rising for three consecutive days last week, amid a lack of new positive catalysts and a weaker baht.</li><li>Market sentiment remains positive, as selling volume has not increased significantly.</li><li>We recommend selective speculation, as we believe the index is currently in a short-term consolidation phase before a potential rebound.</li></ul>

The SET came under profit-taking pressure after rising for three consecutive days last week, amid a lack of new positive catalysts and a weaker baht.Market sentiment remains positive, as selling volume has not increased significantly.We recommend selective speculation, as we believe the index is currently in a short-term consolidation phase before a potential rebound.

Krungthai XSpring Technical Eng. October 7, 2025

<ul><li>The SET rebounded for three consecutive days, supported by gains in DELTA and AOT, which helped lift the index.</li><li>The index climbed closer to the 1,300-point level once again and it is likely to stay above it.</li><li>Hence, we recommend selective speculation, expecting the index to reclaim the 1,300-point level and establish a base for further upside potential.</li></ul>

The SET rebounded for three consecutive days, supported by gains in DELTA and AOT, which helped lift the index.The index climbed closer to the 1,300-point level once again and it is likely to stay above it.Hence, we recommend selective speculation, expecting the index to reclaim the 1,300-point level and establish a base for further upside potential.

Krungthai XSpring Technical Eng. October 6, 2025

Thailand

Global Power Synergy Public Company Limited is a utility company that primarily engages in the production and distribution of electricity, steam, and industrial water to government and industrial customers. The company also focuses on developing sustainable businesses through renewable energy resources and cutting-edge technologies, including energy storage systems and batteries for electric vehicles. It was founded in 2013 and is headquartered in Bangkok, Thailand.

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Global Power Synergy (GPSC TB)

Krungthai XSpring Technical Eng. October 16, 2025

These factors spurred broad-based buying across banking, commerce, energy, finance, transportation, and tourism stocks, while DELTA posted a sharp...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 10, 2025

Although the market lacked fresh catalysts, Asian bourses rebounded following a strong rally in the Nasdaq. We expect the index to be volatile due...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 8, 2025

The SET rebounded sharply as DELTA, HANA, and KCE rallied in line with the Nasdaq’s gains.The index successfully broke above the 1,300-point...

Krungthai XSpring

Krungthai XSpring Technical Eng. October 7, 2025

The SET came under profit-taking pressure after rising for three consecutive days last week, amid a lack of new positive catalysts and a weaker baht.

Krungthai XSpring

Krungthai XSpring Technical Eng. October 6, 2025

The SET rebounded for three consecutive days, supported by gains in DELTA and AOT, which helped lift the index. The index climbed closer to the...

Krungthai XSpring

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