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 plunged sharply despite the absence of new negative factors, with existing concerns over the trade war still weighing on sentiment.</li><li>Heavy selling hit big-cap stocks such as energy, ICT, transportation, commerce, petrol, and electronic shares.</li><li>Furthermore, the Thai ESGX fund seemed to have lost its influence, while foreign investors continued to sell.</li></ul>

The SET plunged sharply despite the absence of new negative factors, with existing concerns over the trade war still weighing on sentiment.Heavy selling hit big-cap stocks such as energy, ICT, transportation, commerce, petrol, and electronic shares.Furthermore, the Thai ESGX fund seemed to have lost its influence, while foreign investors continued to sell.

<ul><li>Although US stock markets sank sharply, many Asian bourses followed suit before several markets in the region, particularly Hong Kong, managed to recover.</li><li>This recovery boosted SCC, IVL, and PTTGC, driving their gains.</li><li>The market also responded positively to the Thai ESGX fund, which contributed to the SET’s afternoon rebound after hitting a new low in the morning.</li></ul>

Although US stock markets sank sharply, many Asian bourses followed suit before several markets in the region, particularly Hong Kong, managed to recover.This recovery boosted SCC, IVL, and PTTGC, driving their gains.The market also responded positively to the Thai ESGX fund, which contributed to the SET’s afternoon rebound after hitting a new low in the morning.

<ul><li>Asian bourses showed a mixed performance, with Hong Kong’s market leading the decline due to China’s CPI contraction.</li><li>Meanwhile, the SET experienced a sharp plunge, hindered by a lack of positive catalysts and heavy selling pressure on blue-chip stocks.</li><li>Notably, stocks tied to China, such as SCC, IVL, and PTTGC, along with other heavyweights like DELTA, ADVANC, PTT, and CPALL, were hit hard.</li></ul>

Asian bourses showed a mixed performance, with Hong Kong’s market leading the decline due to China’s CPI contraction.Meanwhile, the SET experienced a sharp plunge, hindered by a lack of positive catalysts and heavy selling pressure on blue-chip stocks.Notably, stocks tied to China, such as SCC, IVL, and PTTGC, along with other heavyweights like DELTA, ADVANC, PTT, and CPALL, were hit hard.

<ul><li>Technically, the SET Index is expected to weaken, with the support at 1,167/1,150 points and the resistance at 1,185/1,190 points.</li><li>In the medium term, the index remains in a downtrend, following a zig-zag down pattern in search of the bottom within the 1,130-1,506 point range.</li><li>In the short term, the trend has turned downward again, with a possibility of forming a new low below the previous low of 1,173.13 points recorded on March 4. </li></ul>

Technically, the SET Index is expected to weaken, with the support at 1,167/1,150 points and the resistance at 1,185/1,190 points.In the medium term, the index remains in a downtrend, following a zig-zag down pattern in search of the bottom within the 1,130-1,506 point range.In the short term, the trend has turned downward again, with a possibility of forming a new low below the previous low of 1,173.13 points recorded on March 4. 

KTX Zoom: US JOLTS Jobs Report - MARCH 11, 2025

<ul><li>Most Asian stock markets declined amid concerns over uncertainty surrounding Trump’s tax policies and the ongoing US-China trade war.</li><li>However, the SET bucked the trend, rising despite a lack of new positive factors.</li><li>Buying interest flowed into stocks such as DELTA, SCC, IVL, PTTGC, along with power plant and finance stocks.</li></ul>

Most Asian stock markets declined amid concerns over uncertainty surrounding Trump’s tax policies and the ongoing US-China trade war.However, the SET bucked the trend, rising despite a lack of new positive factors.Buying interest flowed into stocks such as DELTA, SCC, IVL, PTTGC, along with power plant and finance stocks.

Thailand

Amata Corporation Public Company Limited develops industrial estates primarily served for manufacturing plants and factories. The Company acquires land and develops essential infrastructure and facilities ready for industrialized operations. Ameta also has overseas investments in Vietnam.

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Amata Corp Public (AMATA TB)

Technical Analysis - MARCH 13, 2025

The SET plunged sharply despite the absence of new negative factors, with existing concerns over the trade war still weighing on sentiment.

Krungthai XSpring

Technical Analysis - March 12, 2025

Although US stock markets sank sharply, many Asian bourses followed suit before several markets in the region, particularly Hong Kong, managed to...

Krungthai XSpring

Technical Analysis - March 11, 2025

Asian bourses showed a mixed performance, with Hong Kong’s market leading the decline due to China’s CPI contraction. Meanwhile, the SET...

Krungthai XSpring

KTX Zoom: US JOLTS Jobs Report - MARCH 11, 2025

Technically, the SET Index is expected to weaken, with the support at 1,167/1,150 points and the resistance at 1,185/1,190 points.

Krungthai XSpring

Technical Analysis - MARCH 10, 2025

Most Asian stock markets declined amid concerns over uncertainty surrounding Trump’s tax policies and the ongoing US-China trade war.

Krungthai XSpring

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