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>However, the SET maintained its positive momentum, supported by continued fund inflows, 4Q25 earnings results, and political developments.</li><li>The index was volatile, briefly slipping into negative territory during intraday trading.</li><li>Nonetheless, we recommend buying on weakness and selling on strength, as the index still has room to advance—particularly while fund inflows persist.</li></ul>

However, the SET maintained its positive momentum, supported by continued fund inflows, 4Q25 earnings results, and political developments.The index was volatile, briefly slipping into negative territory during intraday trading.Nonetheless, we recommend buying on weakness and selling on strength, as the index still has room to advance—particularly while fund inflows persist.

Krungthai XSpring Technical Eng. February 19, 2026

<ul><li>Today’s SET Index is expected to extend its gains, but fund flow momentum should be monitored closely.</li><li>The Fed Minutes from the January meeting signaled a slightly more hawkish tone overall.</li><li>The Election Commission (EC) has now reported the results for all 400 constituencies.</li></ul>

Today’s SET Index is expected to extend its gains, but fund flow momentum should be monitored closely.The Fed Minutes from the January meeting signaled a slightly more hawkish tone overall.The Election Commission (EC) has now reported the results for all 400 constituencies.

Krungthai XSpring Zoom Eng. February 19, 2026

<ul><li>Today’s dominant ideas: The SET Index is expected to maintain upward momentum today, although gains may be capped.</li><li>There are continued signs of foreign direct investment (FDI) inflows into Thailand.</li><li>The SET Index closed yesterday at 1,459.68 points (+1.5%), supported by continued fund inflows, with foreign investors recording net buying of Bt3,305mn.</li></ul>

Today’s dominant ideas: The SET Index is expected to maintain upward momentum today, although gains may be capped.There are continued signs of foreign direct investment (FDI) inflows into Thailand.The SET Index closed yesterday at 1,459.68 points (+1.5%), supported by continued fund inflows, with foreign investors recording net buying of Bt3,305mn.

Krungthai XSpring Zoom Eng. February 18, 2026

<ul><li>Thailand: Thailand’s 4Q25 GDP expanded by 2.5% YoY and 1.9% QoQ, exceeding consensus estimates of +1.3% YoY and +0.6% QoQ.</li><li>Oil: Brent crude rose 1.33% this morning after Iran conducted naval drills in the Strait of Hormuz, amid rising tensions between the US and Iran.</li><li>Fed Minutes: The release of the January FOMC meeting minutes will be closely watched on February 18, particularly for further signals on the interest rate outlook.</li></ul>

Thailand: Thailand’s 4Q25 GDP expanded by 2.5% YoY and 1.9% QoQ, exceeding consensus estimates of +1.3% YoY and +0.6% QoQ.Oil: Brent crude rose 1.33% this morning after Iran conducted naval drills in the Strait of Hormuz, amid rising tensions between the US and Iran.Fed Minutes: The release of the January FOMC meeting minutes will be closely watched on February 18, particularly for further signals on the interest rate outlook.

Krungthai XSpring Zoom Eng. February 17, 2026

<ul><li>Although Asian bourses were mixed, the SET continued to rally and remained in positive territory throughout the day, supported by 4Q25 earnings and strong foreign buying, marking the eighth consecutive day of inflows.</li><li>The index surged sharply, forming a full white candlestick on heavy volume, with indicators trending upward.</li><li>Therefore, we expect the uptrend to continue, but advise caution given the risk of a pullback to ease overbought conditions.</li></ul>

Although Asian bourses were mixed, the SET continued to rally and remained in positive territory throughout the day, supported by 4Q25 earnings and strong foreign buying, marking the eighth consecutive day of inflows.The index surged sharply, forming a full white candlestick on heavy volume, with indicators trending upward.Therefore, we expect the uptrend to continue, but advise caution given the risk of a pullback to ease overbought conditions.

Krungthai XSpring Technical Eng. February 13, 2026

Thailand

Advanced Info Service is Thailand's largest telecommunications and technology company, providing mobile phone services, including prepaid, postpaid, and 5G network services, along with mobile devices. The company also offers high-speed home broadband services under the AIS Fibre and 3BB brands, as well as digital services such as cloud solutions, IoT, digital payments, and enterprise solutions. Headquartered in Bangkok, Thailand, the company was founded in 1986.

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Advanced Info Service (ADVANC-R TB)

Krungthai XSpring Technical Eng. February 19, 2026

However, the SET maintained its positive momentum, supported by continued fund inflows, 4Q25 earnings results, and political developments.

Krungthai XSpring

Krungthai XSpring Zoom Eng. February 19, 2026

Today’s SET Index is expected to extend its gains, but fund flow momentum should be monitored closely.The Fed Minutes from the January meeting...

Krungthai XSpring

Krungthai XSpring Zoom Eng. February 18, 2026

The SET Index closed yesterday at 1,459.68 points (+1.5%), supported by continued fund inflows, with foreign investors recording net buying of...

Krungthai XSpring

Krungthai XSpring Zoom Eng. February 17, 2026

Thailand: Thailand’s 4Q25 GDP expanded by 2.5% YoY and 1.9% QoQ, exceeding consensus estimates of +1.3% YoY and +0.6% QoQ.

Krungthai XSpring

Krungthai XSpring Technical Eng. February 13, 2026

Although Asian bourses were mixed, the SET continued to rally and remained in positive territory throughout the day, supported by 4Q25 earnings and...

Krungthai XSpring

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