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>Asian bourses closed mixed despite gains in the US market, while the SET fluctuated within a narrow range before slipping back to the 1,300-point level.</li><li>The recent decline in the index is viewed as profit-taking amid light trading volume and the absence of heavy selling pressure on large-cap stocks that could dampen sentiment.</li><li>We expect the index to edge down only slightly, as selling pressure remains limited and buying interest in large-cap stocks persists.</li></ul>

Asian bourses closed mixed despite gains in the US market, while the SET fluctuated within a narrow range before slipping back to the 1,300-point level.The recent decline in the index is viewed as profit-taking amid light trading volume and the absence of heavy selling pressure on large-cap stocks that could dampen sentiment.We expect the index to edge down only slightly, as selling pressure remains limited and buying interest in large-cap stocks persists.

Krungthai XSpring Technical Eng. November 12, 2025

<ul><li>The SET Index is expected to trade sideways today, with the support levels at 1,313/1,300 points and the resistance at 1,322/1,332 points.</li><li>For low-risk investors, we recommend parking funds in defensive stocks (ADVANC, CPALL, BDMS, BCH, GPSC).</li><li>We expect live swine prices to continue rising and stabilize within the Bt60–65/kg range, which is a positive signal for the profit margins of swine producers (TFG, BTG, CPF).</li></ul>

The SET Index is expected to trade sideways today, with the support levels at 1,313/1,300 points and the resistance at 1,322/1,332 points.For low-risk investors, we recommend parking funds in defensive stocks (ADVANC, CPALL, BDMS, BCH, GPSC).We expect live swine prices to continue rising and stabilize within the Bt60–65/kg range, which is a positive signal for the profit margins of swine producers (TFG, BTG, CPF).

Krungthai XSpring Zoom Eng. November 7, 2025

<ul><li>The US: US equities rebounded (S&amp;P500 +0.37%, NASDAQ +0.65%) after recent profit-taking, supported by signs of easing in labor market data.</li><li>Thailand: Thailand’s headline inflation in October contracted –0.76% YoY, close to the market forecast of –0.8%, marking the seventh consecutive month of decline.</li><li>Thailand: The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) raised its 2025 export growth forecast from 2–3% to 9.5–10.5% but maintained its GDP forecast at 1.8–2.2%, citing limited spillover effects from exports to the broader economy.</li></ul>

The US: US equities rebounded (S&amp;P500 +0.37%, NASDAQ +0.65%) after recent profit-taking, supported by signs of easing in labor market data.Thailand: Thailand’s headline inflation in October contracted –0.76% YoY, close to the market forecast of –0.8%, marking the seventh consecutive month of decline.Thailand: The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) raised its 2025 export growth forecast from 2–3% to 9.5–10.5% but maintained its GDP forecast at 1.8–2.2%, citing limited spillover effects from exports to the broader economy.

Krungthai XSpring Zoom Eng. November 6, 2025

<ul><li>Most Asian bourses rebounded ahead of the upcoming Fed meeting and next we see further market movements.</li><li>The index has continued to edge higher, showing clear bullish signals and maintaining a sideways-up trend.</li><li>Nonetheless, we expect the index to rise further and recommend selective speculation, as it has remained above 1,300 points, with blue-chip stocks likely to continue leading the market.</li></ul>

Most Asian bourses rebounded ahead of the upcoming Fed meeting and next we see further market movements.The index has continued to edge higher, showing clear bullish signals and maintaining a sideways-up trend.Nonetheless, we expect the index to rise further and recommend selective speculation, as it has remained above 1,300 points, with blue-chip stocks likely to continue leading the market.

Krungthai XSpring Technical Eng. October 27, 2025

<ul><li>The US: US equities advanced (S&amp;P 500 +0.58%, NASDAQ +0.89%) on renewed optimism over US–China trade negotiations, following the White House’s confirmation that President Donald Trump will meet President Xi Jinping on October 30 in a sideline discussion at the APEC Summit in South Korea.</li><li>Oil: Crude oil prices rebounded sharply (WTI +5.43%, Brent +5.62%) after the US imposed sanctions on Rosneft and Lukoil, two of Russia’s largest oil producers.</li><li>Thailand: Focus today will also be on Thailand’s September international trade report, which is expected to show continued recovery.</li></ul>

The US: US equities advanced (S&amp;P 500 +0.58%, NASDAQ +0.89%) on renewed optimism over US–China trade negotiations, following the White House’s confirmation that President Donald Trump will meet President Xi Jinping on October 30 in a sideline discussion at the APEC Summit in South Korea.Oil: Crude oil prices rebounded sharply (WTI +5.43%, Brent +5.62%) after the US imposed sanctions on Rosneft and Lukoil, two of Russia’s largest oil producers.Thailand: Focus today will also be on Thailand’s September international trade report, which is expected to show continued recovery.

Krungthai XSpring Zoom Eng. October 24, 2025

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Krungthai XSpring Technical Eng. November 12, 2025

Asian bourses closed mixed despite gains in the US market, while the SET fluctuated within a narrow range before slipping back to the 1,300-point...

Krungthai XSpring

Krungthai XSpring Zoom Eng. November 7, 2025

The SET Index is expected to trade sideways today, with the support levels at 1,313/1,300 points and the resistance at 1,322/1,332 points.

Krungthai XSpring

Krungthai XSpring Zoom Eng. November 6, 2025

The US: US equities rebounded (S&P500 +0.37%, NASDAQ +0.65%) after recent profit-taking, supported by signs of easing in labor market data.

Krungthai XSpring

Krungthai XSpring Technical Eng. October 27, 2025

Nonetheless, we expect the index to rise further and recommend selective speculation, as it has remained above 1,300 points, with blue-chip stocks...

Krungthai XSpring

Krungthai XSpring Zoom Eng. October 24, 2025

The SET Index is expected to trade in a sideways-up pattern today, with the resistance at 1,314 and 1,334 points, and support at 1,300 and 1,280...

Krungthai XSpring

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