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>Consequently, the index continued to move within a narrow range 1,250 – 1,243 / 1,230.</li><li>DELTA, THAI, AOT, and GULF declined, weighing on the index.</li><li>The index is expected to move sideways, with a potential technical rebound around the 1,250-point support.</li></ul>

Consequently, the index continued to move within a narrow range 1,250 – 1,243 / 1,230.DELTA, THAI, AOT, and GULF declined, weighing on the index.The index is expected to move sideways, with a potential technical rebound around the 1,250-point support.

Krungthai XSpring Technical Eng. December 29, 2025

<ul><li>Overseas bourses were closed during the Christmas period, while the market lacked supportive catalysts, prompting profit-taking.</li><li>Although there remains some hope for buying support from Thai ESG funds, RMFs, and window dressing, such support may not be strong enough to lift the index meaningfully.</li><li>Hence, we recommend buying on dips and selling on rallies, as the index is expected to move sideways while awaiting new catalysts.</li></ul>

Overseas bourses were closed during the Christmas period, while the market lacked supportive catalysts, prompting profit-taking.Although there remains some hope for buying support from Thai ESG funds, RMFs, and window dressing, such support may not be strong enough to lift the index meaningfully.Hence, we recommend buying on dips and selling on rallies, as the index is expected to move sideways while awaiting new catalysts.

Krungthai XSpring Technical Eng. December 26, 2025

<ul><li>Asian bourses continued to rebound in line with the US market ahead of the Christmas period, while the SET lacked fresh catalysts.</li><li>Market sentiment remains supported by positive investor psychology driven by fund inflows, alongside expectations of buying from Thai ESG funds and RMFs.</li><li>Nevertheless, we recommend buying on dips and selling on rallies, as trading volume remains thin, keeping the index volatile.</li></ul>

Asian bourses continued to rebound in line with the US market ahead of the Christmas period, while the SET lacked fresh catalysts.Market sentiment remains supported by positive investor psychology driven by fund inflows, alongside expectations of buying from Thai ESG funds and RMFs.Nevertheless, we recommend buying on dips and selling on rallies, as trading volume remains thin, keeping the index volatile.

Krungthai XSpring Technical Eng. December 24, 2025

<ul><li>The SET opened higher on gains in banking stocks but was weighed down by declines in DELTA, as well as finance, hospital, commerce, and energy stocks.</li><li>Although selling pressure spread across a broad range of sectors, the index managed to hold above the 1,250-point support level.</li><li>Therefore, we continue to recommend buying at the support, viewing these levels as attractive entry points, as the index has rebounded several times from this area in the past.</li></ul>

The SET opened higher on gains in banking stocks but was weighed down by declines in DELTA, as well as finance, hospital, commerce, and energy stocks.Although selling pressure spread across a broad range of sectors, the index managed to hold above the 1,250-point support level.Therefore, we continue to recommend buying at the support, viewing these levels as attractive entry points, as the index has rebounded several times from this area in the past.

Krungthai XSpring Technical Eng. DECEMBER 19, 2025

<ul><li>The SET tumbled back to the 1,260-point support level, moving in line with other Asian bourses after a sharp drop in DELTA, alongside declines in petroleum, energy, hospital, and commerce stocks.</li><li>At least the index has pulled back to the 1,260–1,250 support zone and showed attempts to hold above this level or rebound.</li><li>Therefore, we recommend buying at support, as the index is expected to stage a technical rebound.</li></ul>

The SET tumbled back to the 1,260-point support level, moving in line with other Asian bourses after a sharp drop in DELTA, alongside declines in petroleum, energy, hospital, and commerce stocks.At least the index has pulled back to the 1,260–1,250 support zone and showed attempts to hold above this level or rebound.Therefore, we recommend buying at support, as the index is expected to stage a technical rebound.

Krungthai XSpring Technical Eng. December 17, 2025

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Krungthai XSpring Technical Eng. December 29, 2025

Consequently, the index continued to move within a narrow range 1,250 – 1,243 / 1,230. DELTA, THAI, AOT, and GULF declined, weighing on the index.

Krungthai XSpring

Krungthai XSpring Technical Eng. December 26, 2025

Overseas bourses were closed during the Christmas period, while the market lacked supportive catalysts, prompting profit-taking.

Krungthai XSpring

Krungthai XSpring Technical Eng. December 24, 2025

Asian bourses continued to rebound in line with the US market ahead of the Christmas period, while the SET lacked fresh catalysts.

Krungthai XSpring

Krungthai XSpring Technical Eng. DECEMBER 19, 2025

The SET opened higher on gains in banking stocks but was weighed down by declines in DELTA, as well as finance, hospital, commerce, and energy stocks.

Krungthai XSpring

Krungthai XSpring Technical Eng. December 17, 2025

The SET tumbled back to the 1,260-point support level, moving in line with other Asian bourses after a sharp drop in DELTA, alongside declines in...

Krungthai XSpring

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