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.

Equity Bottom-Up

<ul><li>IT product prices are likely to rise further and remain high for at least another year.</li><li>However, neither is concerned about weaker purchasing power, as IT products are essential and financing options help support demand.</li><li>We remain positive on the IT retail sector and maintain our "Overweight" rating.</li></ul>

IT product prices are likely to rise further and remain high for at least another year.However, neither is concerned about weaker purchasing power, as IT products are essential and financing options help support demand.We remain positive on the IT retail sector and maintain our "Overweight" rating.

Key Takeaways From Premium Tech Wave by KTX

Thematic (Sector/Industry)

<ul><li>For today’s KTX Tactical DR Picks, we recommend taking profit on NVDA80 after a 20.2% gain, while maintaining positions in 11 DRs primarily focused on global technology stocks, especially in the US.</li><li>The KTX DR Tactical Picks portfolio gained 0.45% from the previous day, as global markets rose following the Fed’s 0.25% rate cut announcement.</li><li>Our study using the KTX Fundamental USD/THB Tracker indicates that the baht is currently excessively weak.</li></ul>

For today’s KTX Tactical DR Picks, we recommend taking profit on NVDA80 after a 20.2% gain, while maintaining positions in 11 DRs primarily focused on global technology stocks, especially in the US.The KTX DR Tactical Picks portfolio gained 0.45% from the previous day, as global markets rose following the Fed’s 0.25% rate cut announcement.Our study using the KTX Fundamental USD/THB Tracker indicates that the baht is currently excessively weak.

KTX Tactical DR Picks - October 30, 2025 (Eng.)

<ul><li>The market lacked short-term momentum as investors awaited the Fed meeting outcome.</li><li>Today’s dominant ideas: The SET Index is expected to move sideways today, with the support at 1,314/1,300 and the resistance at 1,333/1,350.</li><li>External factors are slightly positive, supported by continued gains in the US stock market, though mostly driven by speculation in technology stocks.</li></ul>

The market lacked short-term momentum as investors awaited the Fed meeting outcome.Today’s dominant ideas: The SET Index is expected to move sideways today, with the support at 1,314/1,300 and the resistance at 1,333/1,350.External factors are slightly positive, supported by continued gains in the US stock market, though mostly driven by speculation in technology stocks.

Krungthai XSpring Zoom Eng. October 29, 2025

<ul><li>For today’s KTX Tactical DR Picks, we recommend cutting loss on POPMART80 with a –4.5% return.</li><li>The KTX Tactical DR Picks portfolio slipped slightly by 0.30% from the previous day, as US markets declined on Wednesday following disappointing earnings results from Netflix and Tesla.</li><li>Our study using the KTX Fundamental USD/THB Tracker indicates that the baht is currently excessively weak.</li></ul>

For today’s KTX Tactical DR Picks, we recommend cutting loss on POPMART80 with a –4.5% return.The KTX Tactical DR Picks portfolio slipped slightly by 0.30% from the previous day, as US markets declined on Wednesday following disappointing earnings results from Netflix and Tesla.Our study using the KTX Fundamental USD/THB Tracker indicates that the baht is currently excessively weak.

KTX Tactical DR Picks - October 24, 2025 (Eng.)

<ul><li>The SET Index is expected to trade sideways up today, with the resistance at 1,300/1,313 and the support at 1,280/1,268.</li><li>The US: US markets continued to rebound (S&amp;P500 +1.07%, NASDAQ +1.37%) on optimism that the government shutdown may soon be resolved, after White House economic adviser Kevin Hassett said it could end this week.</li><li>Thailand: The Cabinet meeting is expected to approve tourism stimulus measures allowing individuals to deduct up to Bt20,000 of travel expenses from taxable income (1x for major cities and 1.5x for secondary cities) during October 29–December 15.</li></ul>

The SET Index is expected to trade sideways up today, with the resistance at 1,300/1,313 and the support at 1,280/1,268.The US: US markets continued to rebound (S&amp;P500 +1.07%, NASDAQ +1.37%) on optimism that the government shutdown may soon be resolved, after White House economic adviser Kevin Hassett said it could end this week.Thailand: The Cabinet meeting is expected to approve tourism stimulus measures allowing individuals to deduct up to Bt20,000 of travel expenses from taxable income (1x for major cities and 1.5x for secondary cities) during October 29–December 15.

Krungthai XSpring Zoom Eng. October 21, 2025

United States

Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables and accessories, and sells a variety of related accessories. The Company also offers payment, digital content, cloud and advertising services. Apple Inc.'s customers are primarily in consumer, small & mid-sized business, education, enterprise and government markets worldwide.

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Apple (AAPL US)

Key Takeaways From Premium Tech Wave by KTX

IT product prices are likely to rise further and remain high for at least another year. However, neither is concerned about weaker purchasing...

Krungthai XSpring

KTX Tactical DR Picks - October 30, 2025 (Eng.)

The KTX DR Tactical Picks portfolio gained 0.45% from the previous day, as global markets rose following the Fed’s 0.25% rate cut announcement.

Krungthai XSpring

Krungthai XSpring Zoom Eng. October 29, 2025

Today’s dominant ideas: The SET Index is expected to move sideways today, with the support at 1,314/1,300 and the resistance at 1,333/1,350.

Krungthai XSpring

KTX Tactical DR Picks - October 24, 2025 (Eng.)

The KTX Tactical DR Picks portfolio slipped slightly by 0.30% from the previous day, as US markets declined on Wednesday following disappointing...

Krungthai XSpring

Krungthai XSpring Zoom Eng. October 21, 2025

Thailand: The Cabinet meeting is expected to approve tourism stimulus measures allowing individuals to deduct up to Bt20,000 of travel expenses...

Krungthai XSpring

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