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 halted its decline and rebounded after a surge in DELTA.</li><li>The index stabilized above the 1,250-point support, keeping the price pattern positive and reaffirming the 1,250–1,240 zone as a strong support area.</li><li>We therefore maintain our buy-on-dips recommendation and believe that DELTA’s price movements will continue to have a significant influence on the index.</li></ul>

The SET halted its decline and rebounded after a surge in DELTA.The index stabilized above the 1,250-point support, keeping the price pattern positive and reaffirming the 1,250–1,240 zone as a strong support area.We therefore maintain our buy-on-dips recommendation and believe that DELTA’s price movements will continue to have a significant influence on the index.

Krungthai XSpring Technical Eng. January 12, 2026

<ul><li>The SET fell sharply after DELTA plunged following a big-lot transaction priced below the market, dragging the index down by 23.5 points.</li><li>The index retreated rapidly and is now hovering near the key support level of 1,250 points, which has previously triggered multiple technical rebounds.</li><li>Therefore, we recommend buying on weakness, expecting the index to hold above the 1,250-point level and present an opportunity for a technical rebound.</li></ul>

The SET fell sharply after DELTA plunged following a big-lot transaction priced below the market, dragging the index down by 23.5 points.The index retreated rapidly and is now hovering near the key support level of 1,250 points, which has previously triggered multiple technical rebounds.Therefore, we recommend buying on weakness, expecting the index to hold above the 1,250-point level and present an opportunity for a technical rebound.

Krungthai XSpring Technical Eng. January 9, 2026

<ul><li>The SET moved volatile within a narrow range, pressured by selling in PTTEP, AOT, ADVANC, and banking stocks, which dragged the index lower.</li><li>The index remained above the 1,280-point level, suggesting continued potential for a rebound toward 1,300 points.</li><li>Therefore, we expect the index to remain in a rebound phase toward 1,300 points and continue to recommend selective speculative positioning.</li></ul>

The SET moved volatile within a narrow range, pressured by selling in PTTEP, AOT, ADVANC, and banking stocks, which dragged the index lower.The index remained above the 1,280-point level, suggesting continued potential for a rebound toward 1,300 points.Therefore, we expect the index to remain in a rebound phase toward 1,300 points and continue to recommend selective speculative positioning.

Krungthai XSpring Technical Eng. January 8, 2026

<ul><li>The rebound in technology stocks lifted Asian bourses, triggering a sharp rally in DELTA.</li><li>The index staged a swift rebound on rising volume with no meaningful pullback, making the move above 1,280 points technically positive and opening the door for a retest of the 1,300 level.</li><li>We recommend selective speculation, as blue-chip stocks are leading the market and trading volume shows signs of picking up.</li></ul>

The rebound in technology stocks lifted Asian bourses, triggering a sharp rally in DELTA.The index staged a swift rebound on rising volume with no meaningful pullback, making the move above 1,280 points technically positive and opening the door for a retest of the 1,300 level.We recommend selective speculation, as blue-chip stocks are leading the market and trading volume shows signs of picking up.

Krungthai XSpring Technical Eng. January 6, 2026

<ul><li>The market may face downside volatility from US–Venezuela tensions, which could weigh on global financial markets.</li><li>President Trump stated that the US would take control of Venezuela during a transition period, with US oil companies moving in to rehabilitate the country’s oil industry.</li><li>The Bank of Thailand (BoT) reported that the economy in November continued to expand from October, driven mainly by exports, private investment, and foreign tourist arrivals.</li></ul>

The market may face downside volatility from US–Venezuela tensions, which could weigh on global financial markets.President Trump stated that the US would take control of Venezuela during a transition period, with US oil companies moving in to rehabilitate the country’s oil industry.The Bank of Thailand (BoT) reported that the economy in November continued to expand from October, driven mainly by exports, private investment, and foreign tourist arrivals.

Krungthai XSpring Zoom Eng. January 5, 2026

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Krungthai XSpring Technical Eng. January 12, 2026

The index stabilized above the 1,250-point support, keeping the price pattern positive and reaffirming the 1,250–1,240 zone as a strong support area.

Krungthai XSpring

Krungthai XSpring Technical Eng. January 9, 2026

The SET fell sharply after DELTA plunged following a big-lot transaction priced below the market, dragging the index down by 23.5 points.

Krungthai XSpring

Krungthai XSpring Technical Eng. January 8, 2026

The SET moved volatile within a narrow range, pressured by selling in PTTEP, AOT, ADVANC, and banking stocks, which dragged the index lower.

Krungthai XSpring

Krungthai XSpring Technical Eng. January 6, 2026

The index staged a swift rebound on rising volume with no meaningful pullback, making the move above 1,280 points technically positive and opening...

Krungthai XSpring

Krungthai XSpring Zoom Eng. January 5, 2026

President Trump stated that the US would take control of Venezuela during a transition period, with US oil companies moving in to rehabilitate the...

Krungthai XSpring

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