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 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>Although Asian bourses continued to rise in line with the US market, supported by a stronger baht and the absence of negative catalysts, the SET unexpectedly declined.</li><li>The pullback did not alter the overall price pattern, as the index remains in a phase of testing the 1,280-point resistance.</li><li>We maintain a positive outlook on the index, as it still has the opportunity to move back above the 1,280-point level.</li></ul>

Although Asian bourses continued to rise in line with the US market, supported by a stronger baht and the absence of negative catalysts, the SET unexpectedly declined.The pullback did not alter the overall price pattern, as the index remains in a phase of testing the 1,280-point resistance.We maintain a positive outlook on the index, as it still has the opportunity to move back above the 1,280-point level.

Krungthai XSpring Technical Eng. January 7, 2026

<ul><li>The SET Index is expected to move in a sideways-up range today, with the resistance at 1,280/1,300 points and the support at 1,270/1,260 points.</li><li>The US: US equities advanced (S&amp;P 500 +0.62%, NASDAQ +0.65%), led by materials, healthcare, and technology stocks.</li><li>Thailand: The baht appreciated by 8.22% in 2025, ranking as the second-strongest currency in Asia after the Malaysian ringgit, which gained 10.14%.</li></ul>

The SET Index is expected to move in a sideways-up range today, with the resistance at 1,280/1,300 points and the support at 1,270/1,260 points.The US: US equities advanced (S&amp;P 500 +0.62%, NASDAQ +0.65%), led by materials, healthcare, and technology stocks.Thailand: The baht appreciated by 8.22% in 2025, ranking as the second-strongest currency in Asia after the Malaysian ringgit, which gained 10.14%.

Krungthai XSpring Zoom Eng. January 7, 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

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. 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 7, 2026

Although Asian bourses continued to rise in line with the US market, supported by a stronger baht and the absence of negative catalysts, the SET...

Krungthai XSpring

Krungthai XSpring Zoom Eng. January 7, 2026

The SET Index is expected to move in a sideways-up range today, with the resistance at 1,280/1,300 points and the support at 1,270/1,260 points.

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

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